The mining newspaper for Alaska and Canada's North

Articles from the February 5, 2017 edition

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  • Pebble stars align

    Shane Lasley, Mining News|Updated Jan 26, 2018

    After six tumultuous years, 2017 is shaping up to be a turnaround year for the enormous Pebble copper-gold-molybdenum project in Southwest Alaska. "The stars that were previously askew, they seem to be lining up," Northern Dynasty CEO Ron Thiessen told Mining News. This star realignment is reflected in a US$37.4 million financing the Pebble project owner closed on Jan. 26. Underwritten by a trio of renowned financiers, this financing involved the issuance of 20.24 million shar...

  • Donlin Gold partners focus on permits as Corps finalizes EIS

    Updated Jan 20, 2018

    Novagold Resources Inc. Nov. 25 said it is anticipating the environmental impact statement for the Donlin Gold project to be finalized around this time next year. The Donlin Gold Mine being considered in the EIS includes a 53,500-metric-ton-per-day mill that is expected to produce an average of 1.1 million ounces of gold annually for 27 years. During its first five years of operation, this annual average will be closer to 1.5 million oz. Donlin Gold LLC - equally owned by subsidiaries of Novagold Resources Inc. and Barrick...

  • Mining deaths fall to record low in 2016

    Curt Freeman, For Mining News|Updated Jan 16, 2018

    The year just past was many things for the mining industry, but one of the bright spots came from the Mine Safety and Health Administration, an agency not known for awarding happy faces or gold stars. In 2016, the mining industry experienced only 25 deaths in U.S. mines, the lowest level ever recorded. This, despite the industry having more than 330,000 miners working in 13,000 mines across the country. The leading cause of death in both coal and metal/nonmetal mines was...

  • Hanneman named Tower Hill CEO; $6.7M work program for Livengood

    Shane Lasley|Updated Feb 5, 2017

    International Tower Hill Mines Ltd. Feb. 1 said it has paid the U$14.7 million payment due on certain claims associated with its Livengood gold project in Interior Alaska. Following the completion of the land payment, Tower Hill had US$7.5 million in cash, most of which the company will use to carry out a US$6.3 million work program focused largely on improving the economics of developing a mine at Livengood. In September, Tower Hill released results of an initial phase of... Full story

  • Chugach trades AK coal field for California carbon credits

    Shane Lasley|Updated Feb 5, 2017

    The Nature Conservancy Jan. 26 announced a deal that secures the sale and permanent retirement of an Alaskan coal field, while ensuring long-term income for an Alaskan Native community. The deal will see the Chugach Alaska Corp., an Alaska Native regional corporation whose traditional lands stretch along the gulf of Alaska from the Kenai Peninsula to the Alaska Panhandle, sell the rights to its Bering River coal field to New Forests, a sustainable forestry and conservation...

  • TerraX triples Yellowknife City Gold

    Shane Lasley|Updated Feb 5, 2017

    TerraX Minerals Inc. Feb. 1 said it has tripled the size of its Yellowknife City Gold project by staking 253 square kilometers (98 square miles) of mining claims adjacent to the Northwest Territories project. The company said this additional ground was staked based on extensive research completed on prospective surrounding lands over the past three years. The three new land blocks added to the Yellowknife project include: a northern extension to the Northbelt property...

  • Yukon, First Nations sign mining accord

    Shane Lasley|Updated Feb 5, 2017

    Council of Yukon First Nations Jan. 25 said it has signed a memorandum of understanding with the Yukon government that outlines shared priorities and a work plan to improve the territory's mining sector. "Yukon First Nations recognize that the mining industry is an essential component to Yukon's economy," said Council of Yukon First Nations Grand Chief Peter Johnston. "This MOU will assist in providing certainty for all parties, so we can build economic prosperity for the... Full story