The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 426 - 450 of 615
From the enormous Pebble copper-gold-molybdenum project to grassroots gold and copper discoveries, the Kahiltna Terrane of Southwest Alaska is becoming a hot destination for mining companies seeking the mineral wealth of this rugged and underexplored region. The Kahiltna assemblage was formed when an arc of islands known as Wrangellia thrust up the ocean floor as it collided with North America. This bulldozed seabed created much of the spectacular mountains of the Alaska...
More and more explorers are buying up and/or staking claims in an elongated area of central British Columbia that is emerging as a significant rare earth metals play, while juniors line up to mobilize exploration crews to begin searching the area for economic concentrations of rare earths. All of this attention is focused on a major continental geologic feature known as the Rocky Mountain trench, a southeast-northwest trending swath of mountainous ground that could host numerous potentially economic concentrations of rare met...
Mining is becoming increasingly important to Alaskans looking for good-paying jobs. Not only does the industry provide high wages, the geographical diversity of the mines provides employment opportunities to oftentimes economically challenged rural regions of the vast state. According to the Alaska Department of Labor & Workforce Development, the number of mining jobs in Alaska has jumped 40.3 percent since 2000, almost triple the statewide average employment growth of 14.1...
A highlight for 2010 has been the startup of the Kensington gold mine in June. I first testified at a hearing on the Kensington project in Haines in 1990. Gold price fluctuations, environmental group attacks, financial markets, etc. all played a role in the saga. Coeur Chairman and CEO Dennis Wheeler should be commended for his diligence and determination to make Kensington into a mine. However, I am disappointed about one item at Kensington, and it does not involve the quality of the orebody, the work of the company or the...
The Last Frontier, as Alaska has long been labeled, is as applicable a moniker today as it was to prospectors who ventured to the territory at the end of the 19th century. Alaska is considered one of the most mineralized provinces on Earth, but due to an inter-related combination of Arctic weather, rugged terrain, limited infrastructure and high exploration costs, the state's vast mineral potential remains at the edge of exploratory expansion. Though the Far North state...
Efforts to build an electricity transmission line critical to economic development of northwestern British Columbia moved closer to reality in 2010. Cheered by the prospect of access to cheap power, scores of miners flocked to the region to re-activate dormant projects and scour the mountainous terrain for new discoveries. The Canadian government allocated C$130 million in funding for construction of the Northwest Transmission Line in September 2009, providing critical funding for the estimated C$404 million needed to build...
Since International Tower Hill Mines Ltd. began exploring Livengood in 2007, it has outlined nearly 20 million ounces of gold resources. The junior continues this brisk pace as it contemplates building a mine at the Interior Alaska project. In order to focus its attention on developing the rapidly advancing project, Tower Hill has transferred its non-Livengood exploration assets into Corvus Gold Inc., a new company under the direction of Tower Hill Vice President of...
Since its inception in 2007, Millrock Resources Inc.'s modus operandi is to seek out early-stage mineral prospects in Alaska and Arizona, complete initial exploration and then joint venture the projects to other industry players. Utilizing this project generator model the junior has amassed a portfolio of 10 gold and copper projects, seven of which received partner-funded exploration in 2010. Estelle, Millrock's flagship gold property in Alaska, had been the one caveat to the...
Over the past 13 years NovaGold Resources Inc. has grown its resource base from 500,000 ounces of gold to more than 17 million ounces of gold reserves, 14 million ounces of gold resources, plus 150 million ounces of silver and 9 billion pounds of copper. While the company intends to continue to add to its stores of metals in the ground, its primary objective is to begin extracting these reserves at Donlin Creek and Galore Creek. "We continue to believe that advancing our asset...
RG: TSX V/RMIOF:NASDAQ OTC/D4R: FE President and Director: Anastasios (Tom) Drivas Chief Financial Officer: Errol Farr, CMA Vice President, Exploration and Geologist: Thomas Skimming, P. Eng. Romios Gold Resources Inc., organized in 1995 in Ontario, is a Canadian exploration company actively engaged in precious and base metal exploration in British Columbia and Quebec with a primary focus on gold, copper, silver and molybdenum. Romios has acquired nine strategically located gold-copper properties between Nova Gold/Teck...
Privately held company President: Nori Ushirone Pogo General Manager: Todd Roth Pogo Chief Geologist: Paul Jensen Sumitomo Metal Mining Pogo LLC, an 85/15 partnership between Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. is boosting the gold reserves at Pogo while seeking new deposits on the property surrounding the high-grade gold mine in Interior Alaska. The Tokyo-based miner planned about 40,800 meters of surface and underground drilling at Pogo in 2010. The 21,150-meter surface program split between...
TSX: TCK.A, TCK.B and NYSE: TCK Chairman: Norman Keevil President and CEO: Donald Lindsay Vice President, Exploration: Fred Daley Teck Resources Ltd. is looking forward to 20 more years of high-grade zinc-lead-silver production at its Red Dog Mine in Northwest Alaska. Early in 2010, it was unclear whether the company would continue operations at Red Dog or shutter the mine until issues surrounding its water discharge permits were resolved. After lengthy discussions with the U.S. Environmental Protection Agency and a...
STOCK SYMBOL: ZAZ Chairman and CEO: Gil Atzmon Vice President, Exploration: Joe Britton Vice President, Business Development: Matthew Ford Zazu Metals Corp. is exploring what it believes is one of the largest undeveloped zinc-lead deposits in the world. Lik, the zinc-lead-silver-rich property that the Vancouver B.C.-based junior is lauding, is located about 22 kilometers, or 14 miles, northeast of Red Dog Mine. Zazu said the high-grade deposit at Lik is an ideal fit in the company's business model of identifying high-quality,...
Dozens of small explorers mounted exploration campaigns in 2010 in and around the historic Stewart Gold Camp in northwestern British Columbia, and as assays trickle in from samples and core sent to labs this spring and summer, many of them are reporting encouraging results. The Stewart Gold Camp, located about 20 miles, or 35 kilometers, from the B.C./Alaska border, is an emerging, world-class mining district that continues to offer discovery opportunities for major gold-copper and precious metal polymetallic deposits. The...
Teck Resources Ltd. won a place in the Dow Jones Sustainability World Index in September by ranking among the top 10 percent of it peers in the resource industry for its sustainability practices. By focusing on five areas where it can have a positive impact - safety, environment, community engagement and development, value for its stakeholders and responsible stewardship of its products in society - Teck has risen through the ranks of the Dow Jones sustainability indices. In...
Japan is an important player in Alaska's mining industry. The island nation imports more than US$125 million in minerals from the Far North state annually and Tokyo-based businesses own the Pogo gold mine and are making significant investments in other mining projects across the state. To further strengthen this mutually beneficial bond, Alaska accepted an invitation by Japan Oil, Gas and Metals National Corp. to update the country's minerals business community about the state...
In the last month, several of Alaska's major metal mines reported strong operating numbers; one company released a preliminary economic assessment and three new mineral exploration companies acquired exploration interests in Alaska. While the functions of explorers and producers are quite different, the symbiotic relationship between the two ends of the mining cycle is unequivocal: exploration would not exist without production and production would eventually cease without...
The Inupiat people of Northwest Alaska breathed a sigh of relief when Teck Resources Ltd. decided to move ahead with development of the Aqqaluk deposit at the Red Dog Mine. The 51.6 million metric tons of high-grade ore in the deposit that lies next door to the main deposit will extend the life of the world-class zinc-lead-silver mine, and continue to provide economic benefits for 12,000 NANA Regional Corp. shareholders for another 20 years. "We are excited to move forward...
International Tower Hill Mines Ltd. is taking long strides in advancing its 13.3-million-ounce Livengood gold project toward becoming a world-class mine. While an aggressive drill program continues to expand the Money Knob deposit, the company is completing metallurgical, geotechnical and baseline studies. This work, which will be needed to move the project into permitting and development, also lowers the risk of the Interior Alaska gold project, making Tower Hill a more...
The annual Fraser Institute "Report on Mining Companies, 2009-2010" was recently released to a thundering silence. Several oddball items may help explain the lackluster response, but Alaska fared well in the survey of 333 companies working in 72 jurisdictions worldwide. Alaska ranked 18th out of 72 under the policy potential index, which measures the regulatory attractiveness of a jurisdiction. Not unreasonably, Alaska was beaten by some mining heavyweights like Chile, Quebec,...
Larry Davey, the general manager of the Pogo Gold Mine since 2007, passed the torch to his successor May 12. The transfer of leadership marks the completion of the transition of Alaska's highest producing gold mine to its new owner, Sumitomo Metal Mining Pogo LLC, a partnership between Sumitomo Metal Mining Co. Ltd. (85 percent) and Sumitomo Corp. (15 percent.) "The transition has proceeded smoothly with great support from Teck. The first portion of the transition was to move...
When the financial storm of late 2008 wreaked havoc on global markets, Millrock Resources Inc. refrained from splurging its precious cash on expensive drill campaigns. But it didn't it sit idly by waiting for better economic times either. Instead, the Vancouver, B.C.-based junior invested its wealth of geological experience in identifying promising grassroots gold and copper projects. Millrock also formed key alliances with financially stable miners wanting to invest in projec...
The looming shutdown of mining at Red Dog has, for the time being, been averted. After lengthy discussions with the U.S. Environmental Protection Agency and a comprehensive review of its operating plans for the zinc-lead mine, Teck Resources Ltd. has decided to begin preparing the Aqqaluk zinc-lead-silver deposit for mining scheduled to begin late this year. "Our discussions with EPA have been constructive, and after carefully considering the environment, our employees and...
As Alaska's mining industry moves into the frenetic summer exploration and development season, the rest of the world is being buffeted by wild financial and commodity "mood swings" that are affecting the metals markets. The big markets shake the little markets and the little markets shake Alaska. Perfect example: the World Gold Council recently reported that China's growing middle class is expected to double its demand for gold for jewelry and investment purposes over the...
IQALUIT, Nunavut - Canadian mining companies can expect to see continued upward movement in prices generally for precious and base metals and coal, along with increasing volatility during the next 18 months to 2 years, a top economist told a gathering here April 13. Patricia Mohr, vice president, economics and commodity market specialist for The Scotiabank Bank Group offered delegates attending the 13th annual Nunavut Mining Symposium her expert view of current global economic conditions and how they will likely impact...
