The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 151 - 167 of 167
Alaska's mining industry captured the attention, not only of Alaskans but also the country during the past year when a controversy over the proposed Pebble Project in Southwest Alaska bubbled to the surface. Supporters and opponents of a ballot initiative aimed at blocking the mining venture squared off in a vocal and often strident campaign that made headlines nationwide. Alaska Miners Association director Steve Borell cited the contest over development the world-class...
It would put a halt to activity around mining in Alaska." That's what Cynthia Carroll, president and CEO of global mining giant Anglo American plc, had to say about the Clean Water Initiative when asked about the proposal currently working its way to the ballot in Alaska. Carroll made the comment at the Sheraton Anchorage Hotel Oct. 24, after speaking to members of the Resource Development Council about the proposed 8.2 billion-ton Pebble copper-gold-molybdenum mine. Anglo...
On July 9 Alaska's Superior Court entered an order in a case now pending against the state's Department of Natural Resources concerning the propriety of a series of multiple land use permits and temporary water rights permits that had been issued to the Pebble Limited Partnership and its predecessors in conjunction with the exploration of the so-called Pebble deposit in southwest Alaska. I am counsel of record for an intervenor in this matter; therefore, it ill-behooves me to...
Lawmakers took testimony March 19 on the idea of whether an independent review of the state's large-mine permitting and environmental standards is warranted in light of an anticipated mine permit application from the Pebble Limited Partnership. A joint panel of the Alaska House Special Committee on Fisheries and Senate Resources Committee held the hearing in response to a letter sent by the Alaska Board of Fisheries, which requests lawmakers "conduct a comprehensive...
A conviction-filled speech delivered by Pebble Limited Partnership CEO John Shively at the March 18 Resource Development Council of Alaska breakfast tackled the question on the minds of many in the audience: "What in the hell is going on in this country?" Though Alaska has not been hit as hard as the rest of the nation, the longtime Alaskan points to increased unemployment and dropping home sales as indications of the state's weakening economy. He said rural Alaska is being...
As the active exploration season winds down in Alaska, both good news and bad is afoot and both sets of news turn out to be the same data. Double speak you say? Read on and judge for yourself. Halifax-based Metals Economics Group announced some preliminary numbers relating to worldwide mineral industry exploration for 2009. The group estimates that worldwide exploration spending will drop to US$8.4 billion in 2009, a 40 percent decrease from the US$14 billion spent in 2008....
Last month we talked about economic impacts of the Alaska mining industry. This month, the world mineral exploration industry is in our crosshairs. Halifax-based Metals Economics Group reported that 2008 worldwide nonferrous mineral exploration reached $13.2 billion, more than 2.5 times the previous peak exploration spending level reached in 1997. Add uranium exploration expenditures, and the total expands to $14.4 billion. Exploration spending would have been even higher...
There are some new stats out from the State of Alaska that I thought you might like to see. For 2008, the Alaska mining industry accounted for 3,500 direct jobs and 5,500 indirect jobs. The industry doled out US$350 million in payroll with the average salary totaling US$82,600 per year, which is 90 percent higher than the statewide average for all sectors. Mining salaries were higher than all other sectors, except for the oil and gas sector. The industry paid US$105 million in...
Alaska saw robust mining activity in 2008 across the full spectrum of the industry, from small placer operations to major producers, and from exploration programs to advanced development projects. Here is a look at companies reporting significant progress during the year. Placer mining Silverado Gold Mines Ltd. has recovered 26,879 ounces of placer gold from channel and bench deposits in the Nolan Valley through 2007. The largest nugget recovered from the property, located about 280 miles north of Fairbanks, weighed 41.35...
John Shively's longstanding commitment to bringing new opportunities to rural Alaska and his love of a challenge are two qualities that make him the ideal CEO of the Pebble Limited Partnership. "If there is one thing that attracted me to this project - one reason why I walked up to this hornets' nest and beat it with a stick, against some of my friends' better judgment - is the opportunity here," Shively told an audience at the Resource Development Council for Alaska's 2008...
Coeur d'Alene Mines Corp.'s Kensington gold mine project, located about 45 miles northwest of Juneau, is expecting a Supreme Court ruling on its tailings permits in early 2009. If the court upholds the permits, Coeur hopes to complete its tailings facilities and begin gold production by the end of next year. Once in production the mine will employ about 200 people, and produce about 140,000 ounces of gold per year. Proven and probable reserves measure about 1.4 million ounces of gold, and an additional 623,000 ounces...
ILIAMNA - The Bristol Bay region of Southwest Alaska is the home to two world-class resources: a celebrated sockeye salmon fishery and the humongous Pebble copper-gold-molybdenum deposit. This combination offers the potential for an enduring vibrant economy. But the challenge for owners of a proposed mine at Pebble is to create a workable development plan for the mineral resource that poses no threat to the fish resource that relies on the area's rivers and streams for its...
Partnership's new CEO shares views on challenges that giant copper-gold-moly deposit likely will face on road to development ohn Shively, the new chief executive officer of Pebble Limited Partnership, told Mining News in an April 11 interview that the Pebble Project in Southwest Alaska is a huge opportunity for both the people who live in the area and for all Alaskans. Shively said it is inappropriate for Pebble's opponents to try to stop the project before it reaches the permitting process, and irresponsible of them to be...
The Pebble Limited Partnership- an Alaska-based 50-50 partnership formed between a wholly owned subsidiary of Northern Dynasty Minerals Ltd. and a wholly owned U.S. subsidiary of Anglo American plc to engineer, permit, construct and operate a modern, long-life mine at the Pebble Project-has set a 2008 budget of $140.1 million to advance the Pebble copper-gold-molybdenum project in southwest Alaska. In early April the partners appointed John Shively as the partnership's first...
Anglo American plc, a 50-50 partner in the Pebble Project in Southwest Alaska, posted record earnings of $5.8 billion, or $4.40 a share, and $10.1 billion in operating profits in 2007. The results compared with $5.5 billion, or $3.73 a share, in earnings and $9.8 billion in operating profits a year earlier. Total group revenue, however, decreased 7.7 percent in 2007, dipping to $35.7 billion from $38.6 billion in 2006. "The strength of our performance was due to improved production volumes of ferrous metals, copper and zinc,...
Sean Magee, spokesman for The Pebble Limited Partnership, told members of the Anchorage Chamber of Commerce Dec. 3 that the Pebble Mine Project could be developed in an environmentally and socially responsible manner. "There are lots of precedents in our part of the world where mining does coexist with fisheries," Magee told the Anchorage audience. He gave examples of several modern large-scale mines in Alaska and British Columbia that are not only coexisting with the fish...
From the opening volley last fall in what became a heated bidding war between two Canadian junior mining companies seeking to acquire BcMetals Corp. of Vancouver, B.C., observers couldn't predict what would happen next. But Imperial Metals Corp., also of Vancouver, upped its buyout offer one last time Feb. 2 to C$1.70 a share, valuing BcMetals at just under C$70 million. It proved to be an offer too good to refuse. BcMetals urged shareholders Feb. 14 to tender their securities to the Imperial offer and indicated that...
