The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 175 of 183
As the late, great Phil Rizutto used to say when something amazing happened on the baseball field: "Holy Cow!" The last month has seen an explosion of activity across Alaska with companies working in virtually every region on a diverse package of metals including gold, platinum group elements, silver, molybdenum, lead, zinc, copper and nickel. Several new companies have entered the exploration field in Alaska and several new partners have joined forces with previously active...
It is high summer in Alaska and the wheeling and dealing are nearly as frenetic as the exploration, development and production going on all around the state. New deals continue to be cut on old and new projects while more established projects are being subjected to the "truth machine," otherwise known as the drill. This time-tested application has proven many a cock-sure geologist or engineer dead wrong but that doesn't stop anyone in the industry from picking himself up,...
Alaska's summer exploration season is in full swing with strong budgets on a number of projects around the state. Alaska's mines also weighed in with strong quarterly results as metal prices remain strong. The hot spots in the state this month include Southeast Alaska, Interior Alaska and the Alaska Range but don't think that silence means there is nothing going on! We are entering the period where everyone has his nose to the ground and has little time for news releases or...
The exploration season has started but not before a bevy of new corporate competitors have entered the Alaska mineral scene and not before a number of past producing mines have been dragged into the 21st century. During the last month, three new companies have acquired properties in Alaska and two old Alaska producers have been brought out of mothballs to have new exploration done on them. This month's commodities of interest include gold, copper, lead, zinc, silver, uranium,...
The game is afoot! The last month has seen the start of a number of field programs in Alaska, marking the beginning of the traditional "field season" in the Great Land. With demand for metals remaining extraordinarily high, Alaska's mining industry is operating at capacity but well below demand. An acute shortage of drills and drillers, geologists and engineers and helicopters to move them all around is affecting exploration, development and production plans around the state. For the first time in my career, money is not in...
A report on the economic impact of Alaska's mining industry published in February provides a comprehensive look at the varied benefits mining brings to the state. The Alaska Miners Association commissioned the McDowell Group to prepare the report and distributed it to state legislators. Presentations to the Legislature by the AMA and the Alaska Minerals Commission in the same week emphasized the positive aspects of Alaska's mining resurgence and the importance of a stable tax regime. Much of the information in the McDowell...
Metals high: Gold up 77% from January 2002, silver 94%, platinum 87%, copper 206%, nickel 429%, lead 174%, zinc 141% - exploration and development plans for Alaska focused on all of these metals in projects stretching from the Brooks Range to far southeastern Alaska, from the Alaska-Yukon border to the Seward Peninsula n a welcome respite from the madness of most of 2005, the last month has seen a slowing of information from companies and individuals exploring and developing A...
Over the course of the last several months, a series of new gold and base metal discoveries have been made. Several of these new discoveries were reported in the last month and highlights of these and other activities were presented at the annual Alaska Miners Association convention in Anchorage in early November. The convention was one of the most exciting and up-beat events in nearly a decade. The new discoveries are a trend that, while long in coming, are an inevitable...
As expected, results from the summer field programs have begun to roll in from all over the state. Discoveries from base and precious metals properties were reported in September and several properties previously explored in the Carter administration were rediscovered and are turning out promising results. Metals prices remain robust with gold pushing the $475 per ounce mark. While Alaska's mining industry is still trying to catch its breath from this year, many companies...
As expected, news has begun to trickle in from projects being worked on across the state. Some of the news is good, some not so good and some makes one scratch the head and wonder what it all means. Two new corporations entered the Alaska exploration industry in August, a trend started late last year as metal prices began their climb to current levels. August also saw the start of several new programs on a wide range of projects spread from the Seward Peninsula to southern Southeastern Alaska. The tally of the good, the bad...
I have had numerous people ask me the same question over and over again for the last month - "What's going on in Alaska; everyone is so quiet?" My response has been and remains the same - everyone is too busy breaking rocks, drilling holes or crushing ore to be bothered with new releases and grandiose public announcements. After all, it is high summer in the high north, a time of seasonal frenetic activity that makes the lot of us look and feel like a mouse in a habitat wheel! Despite the fact that a dozen or so companies...
In case you have not heard, Alaska's mineral industry is cooking! Over the last month two new companies have acquired mineral properties in Alaska and most of the existing projects kicked off their summer programs in earnest. One of Alaska's major mining projects received its final permits to allow mine construction to begin and several others are conducting preliminary and final feasibility studies. Drilling rigs are scarce as hen's teeth and the helicopters to lift them and the people who run them are booked from now until...
The good news from Teryl, Kinross, Geoinformatics, Midas, Geocom and others is tempered by the loss of Alaska's gentleman scientist Ernie Wolff, who passed away on May 3; Liberty Star Gold appoints Phil St. George as VP of exploration s I write this summary of recent activities in Alaska's mining industry I am attending a once-every-five-year symposium in Reno put on by the Geological Society of Nevada. Some 1,500 attendees, mostly exploration geologists, are eagerly lapping up hours of new and previously unheard ideas on...
On the cusp of what promises to be one of the busiest mineral exploration and development seasons in the last 20 years, the mineral industry is madly preparing its personnel and equipment all across the state. Despite the late season snows and unusually cool temperatures being experienced as this summary is being written, many of Alaska's exploration programs are either under way or will be sometime in early May. Competition for funds within and between companies remains fierce as projects in the U.S., Canada, Europe,...
The Alaska Division of Geological and Geophysical Surveys and the Department of Commerce and Economic Development have released their annual preliminary report on Alaska's mining industry for 2004. As expected, investment in all categories was up significantly over previous years. Exploration spending in 2004 was estimated at $63.7 million, up from $27.6 million in 2003. The 2004 expenditures were the highest in the state since 1981. Development expenditures jumped to $105.6 million vs. $39.2 million in 2003, thanks largely t...
December, January and February are normally a time when the mining industry can stop and catch its collective breath, look into its often cloudy but well-used crystal ball and prepare for the coming year. Not so the last December, January and February! While 2004 results continued to pour in from projects large and small, plans for 2005 are well advanced and in some cases, already in full swing. Metals prices remained strong and even the most pessimistic prognosticators...
What a difference a year makes ... along with a few things like rebounding metals prices, China's voracious appetite for minerals and investors' enduring love affair worldwide with gold. That's the assessment of Alaska officials after reviewing the state's annual report on mining industry activity in 2003, released in late October. The cumulative value of Alaska's mining industry in 2003 dipped slightly to $1.067 billion, down about $6 million from the $1.073 billion reported in 2002, according to the report, the 23rd in an...
Despite the fact that winter has arrived over much of Alaska, exploration efforts continued at record pace throughout the state in October. Late summer programs are now competing for people and drills with early winter programs in a number of areas, a problem not normally encountered in Alaska. In a further sign of the strength of the rebound in the metals markets, a number of companies are already tying up people, drills, camp equipment, analytical services and helicopter...
In case you hadn't noticed, one of the busiest but quietest Augusts in the last 10 years just slipped into the pages of history. Mineral exploration, development and production maintained a low profile in just about every region of the state during August. Drills continued to turn and samples continued to stream in from programs searching for gold, silver, copper, lead, zinc, nickel, platinum and palladium. The hot spots continued to be the Iliamna District, the Goodpaster...
One of the most bizarre summers in Alaska's recent history is in full swing and only the snows of winter will dampen things. I am speaking of course of the impact that Alaska's plus-4 million acres of wildfires have had on mineral exploration, development and operations in the central and eastern parts of the state. The fires came along with an unusually dry and warm summer for virtually all of the state. In addition to the usual problems of who's AWOL after the Fourth of...
A large portion of the 269-square mile MAN nickel, copper and PGE property on the south flank of the Alaska Range near Paxson, Alaska, will soon be assessed by proprietary geophysical technology used by Anglo American Exploration (Canada), a subsidiary of global mining giant Anglo American. Anglo signed a joint venture agreement in mid-March with the property's claim staker, Nevada Star Resource Corp., a Vancouver, British Columbia-based junior that has put together a substantial land position in the south Interior Alaska...
Although the traditional Alaska field season has not really arrived yet, three significant developments occurred in March: Teck Cominco and Sumitomo Metal Mining received final permits for the Pogo gold project from the U.S. Environmental Protection Agency allowing construction to move ahead at flank speed, Anglo American acquired its first U.S. mineral property in years by signing a joint venture option on Nevada Star's MAN nickel-copper-platinum group element project and Nov...
As in past years, Canada's Fraser Institute (www.fraserinstitute.ca) has released the results of its annual mining investment attractiveness survey for 2003-2004. The survey represents responses from 132 junior mining companies and 27 senior mining companies who rated policy potential issues (regulatory and infrastructure), mineral potential and overall investment attractiveness in 53 political jurisdictions around the globe. The companies participating in the survey accounted for exploration budgets totaling US$642.4...
Despite the drop in gold prices since a month ago, exploration activities in Alaska are picking up. Two drill programs have already kicked off in Interior Alaska and more are likely to be completed before the end of March. Contracts for drilling rigs, helicopters and experienced geologists are being finalized at a rate not seen here in half a decade. In addition, Alaska's new political administration is aggressively encouraging infrastructure development and making regulatory...
Another year has come and gone and Alaska's mining industry continues to generate jobs for its citizens and raw materials for the world. Although base metal prices remain mired at low levels, gold and platinum have risen steadily over the last month with gold in particular taking on new luster as it broke the $350 per ounce mark for the first time in five years. Platinum has rebounded from earlier lows and is now flirting with $600 per ounce levels while its geological...
