The mining newspaper for Alaska and Canada's North

Articles from the March 29, 2015 edition

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  • Cohen to review EPA fairness in AK

    Shane Lasley|Updated Mar 29, 2015

    Former U.S. Defense Secretary William S. Cohen March 24 said he and his firm, The Cohen Group, assisted by law firm DLA Piper, will conduct an independent review of whether the U.S. Environmental Protection Agency acted fairly in connection with its evaluation of potential mining in the Bristol Bay watershed in Southwest Alaska. "An investigation being conducted by the EPA's Office of Inspector General; inquiries and hearings into EPA actions by the House Committee on...

  • Chandalar remains on pace for 2015 start

    Shane Lasley, Mining News|Updated Mar 29, 2015

    The Chandalar Mine in Alaska's Arctic is on track to begin commercial production this summer, a milestone that is expected to significantly move the dial of placer gold production in Alaska. Goldrich Mining Co., which owns 50 percent of a venture to mine gold in the Chandalar district, provided a forecast of anticipated gold recoveries from the mine over the next five years that includes 16,500 ounces of the precious metal this summer. Considering that the 300 or so placer min...

  • Exploration expenditures drop in 2014

    Curt Freeman, For Mining News|Updated Mar 29, 2015

    The state of the world's exploration industry was recently summarized in SNL Metal & Mining's annual "World Exploration Trends" publication, released at the Prospectors and Developers Association of Canada convention in Toronto. Not surprisingly, it painted a grim picture of 2014, a year we are all glad to have behind us. The statistics indicate that worldwide exploration expenditures declined a further 26 percent to $11.4 billion, compared with $15.2 billion in 2013 and... Full story

  • Seabridge swells Deep Kerr at KSM

    Shane Lasley|Updated Mar 29, 2015

    Seabridge Gold March 23 reported significant growth of the mineral resource for the Deep Kerr copper-gold deposit at its KSM Project in northwestern British Columbia. Based on roughly 50,000 meters of drilling in 45 holes drilled since 2012, Deep Kerr has an inferred resource of 782 million metric tons grading 0.54 percent (9.3 billion pounds) copper and 0.33 grams per metric tons (8.2 million ounces) gold. Deep Kerr was treated as a block cave (bulk underground) mining target... Full story

  • $3M program slated for Rackla Gold

    Updated Mar 29, 2015

    Atac Resources Ltd. March 24 reported plans for the initial phase of the 2015 exploration and drill program at its Rackla Gold project in the Yukon Territory. The majority of this C$3-million program will be conducted within the Nadaleen Trend and will focus on expanding the Conrad zone and advancing the Carlin-type gold discoveries within the Anubis Cluster. The objectives of the phase-1 exploration include: shallow diamond drilling to continue testing the eastern portion of the Conrad Upper zone; drilling target at the...

  • Al-Joundi named Agnico president

    Updated Mar 29, 2015

    Agnico Eagle Mines Ltd. March 20 announced several senior management changes, including the appointment of Ammar Al-Joundi as the company's new president. Al-Joundi, a former chief financial officer of Agnico Eagle, most recently served as CFO and senior executive vice-president of Barrick Gold Corp. from July 2012 until February of this year. With Al-Joundi serving as president, Sean Boyd's title will change to vice-chairman and CEO. Al-Joundi will report to Boyd and assist him and the senior management team in setting and...

  • Copper North bolsters treasury

    Shane Lasley|Updated Mar 29, 2015

    Copper North Mining Corp. March 19 reported the completion of a C$318,000 financing. The non-brokered private placement consists of 5.3 million units priced at C6 cents per unit. Each unit consists of one Copper North common share and one half of a warrant. Each whole warrant is redeemable for the purchase of an additional share at for C9 cents until March 19, 2017. Copper North Chairman Dale Corman bought 1.7 million of the units. The company intends to use the proceeds from... Full story

  • Mining Spotlight: Granite wins ethical leadership honors

    Updated Mar 29, 2015

    Granite Construction Inc. said it has been recognized by Ethisphere Institute as a 2015 World's Most Ethical Company®. Ethisphere is a global leader in defining and advancing the standards of ethical business practices. The World's Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company. The World's Most Ethical Company assessment is based upon the institute's Ethics Quotie...

  • Fighting headwinds

    Shane Lasley, Mining News|Updated Mar 29, 2015

    Slipping metals prices and investors' ongoing reluctance to risk venture capital in the junior mining sector is hitting Alaska's mineral exploration sector hard; and the Far North state is not the only mining jurisdiction reeling from this one-two punch. "After another year of strong headwinds in 2014, and with lower demand and overproduction continuing to depress metals prices, the mining industry's outlook for 2015 is unpromising at best," SNL Metals & Mining wrote recently... Full story