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Articles from the March 15, 2015 edition

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  • Strongbow agrees to buy tin claims

    Shane Lasley|Updated Mar 15, 2015

    Strongbow Exploration Inc. March 10 said it has agreed to acquire a 100 percent interest in the Sleitat and Coal Creek tin properties in Alaska through the purchase of Thor Gold Alaska Inc., a private company. The Sleitat property consists of 3,520 acres of State of Alaska mining claims located roughly 85 miles northeast of Dillingham. This tin property was explored by Cominco America Inc. in the mid-1980s and Solomon Resources in the mid-2000s. In 1989, the U.S. Bureau of...

  • Chandalar nears startup

    Updated Mar 15, 2015

    Goldrich Mining Co. March 9 said Goldrich NyacAU Placer, a joint venture between Goldrich and NyacAU LLC will begin mining activities at the 23,000-acre Chandalar gold project later in the month. Work will begin with the resumption of stripping the overburden from gold-rich gravels. Goldrich reported that an initial pit has already been opened and a 1,800-foot haul road between the pit and the processing plant site is complete. Goldrich NyacAU Placer plans to use a winter haul road to transport seven 40-ton rock trucks to...

  • Canada expands mining tax credit

    Shane Lasley|Updated Mar 15, 2015

    Canada's Department of Finance March 1 reported two mining-sector changes to the Income Tax Act (Canada). In a speech to the Prospectors & Developers Association of Canada, Finance Minister Joe Oliver and Natural Resources Minister Greg Rickford said the federal government proposes to extend the 15 percent mineral exploration tax credit for investors in flow-through shares to March 31, 2016. The credit was scheduled to expire on March 31, 2015. The department of finance said...

  • More diamond reserves at Diavik

    Updated Mar 15, 2015

    Dominion Diamond Corp. March 6 reported an updated reserves and resources statement, which adds 3.9 million metric tons containing roughly 13 million carats to the mineral reserves at the Diavik diamond mine in Northwest Territories. As of Dec. 31, 2014, the Diavik Diamond Mine had 18.1 million metric tons of proven and probable mineral reserves containing 53.3 million carats of diamonds. At the A-21 pipe, 3.7 million metric tons containing 10 million carats has been promoted to proven reserve from probable reserve material....

  • Kennady Diamonds raises C$18.6M

    Shane Lasley|Updated Mar 15, 2015

    Kennady Diamonds Inc. March 10 reported the closing of the final tranche of a C$18.64 million non-brokered private placement financing. In this third tranche, the diamond exploration company issued 651,312 shares at C$3.55 each for C$2.31 million. Proceeds of the private placement will be used primarily for the 2015 winter exploration program at the company's Kennady North project located immediately adjacent to the De Beers-Mountain Province Diamonds Gahcho Kué diamond mine... Full story

  • Rioting in Africa causes climate change

    J. P. Tangen, Special to Mining News|Updated Mar 15, 2015

    For some time I have been musing about the global warming/climate change conundrum because, as is often the case, the proselytizers are so strident in their conviction. To question their rhetoric is tantamount to heresy. Unfortunately, there are more than a few problems in my mind with the thesis. In the first instance, it must be conceded, I think, that there have been ice ages on Earth for eons, and they have been interrupted by sequential warming trends. Within the most...

  • Mining Nome placers

    Shane Lasley, Mining News|Updated Mar 15, 2015

    As marine placer miners prepare for another summer of plumbing the gold-laden seabed off the coast of Nome, many of these intrepid individuals are keeping an eye on potential new rules that could affect future lease renewals. Proposals being considered by the Alaska Department of Natural Resources are meant to clear up ambiguity in eligibility requirements for renewing offshore mining leases offered by the state. Currently, the rules primarily apply to nearly 24,000 acres of... Full story