Articles from the August 27, 2006 edition
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Fish refuge proposed for Pebble area
A former State of Alaska employee has submitted a proposal to the Board of Fisheries requesting it to designate the waters in the vicinity of the planned Pebble mine as a fish refuge. George Matz, who is now retired, but worked for the state for... — Updated 8/27/2006
Bre-X trial enters final stages
A decade after more than C$6 billion in shareholders' value evaporated and six years after a court trial began, what has been described as the world's largest mining scandal has entered its final legal proceedings. By early September final... — Updated 8/27/2006
Rock Creek, Big Hurrah get key permits
NovaGold Resources Inc. has cleared several important permitting hurdles in its quest to develop the Rock Creek and Big Hurrah gold mines near Nome. The Alaska departments of Natural Resources and Environmental Conservation issued construction... — Updated 8/27/2006
BHP Billiton brings global view to Alaska
BHP Billiton, the huge international mining company that Arctic Slope Regional Corp. has enlisted to help explore and develop coal deposits believed to lie beneath its lands in northern Alaska, is an old hand in virtually every aspect of the... — Updated 8/27/2006 Full story
Progress made at Pebble's sister projects
In posting third-quarter profits, Taseko Mines Ltd., a subsidiary of Vancouver, B.C.-based Hunter Dickinson, also shared the latest on its Gibraltar copper-molybdenum mine and its advanced-stage Prosperity copper-porphyry project, both located in... — Updated 8/27/2006
Diamond hunters may join forces
Stornoway Diamond Corp. of Vancouver, B.C., launched an ambitious bid in July that, if successful, will create a mid-tier diamond exploration and development company in Canada. The complex three-way combination of Stornoway with Ashton Mining of... — Updated 8/27/2006 Full story
Teck Cominco posts profits, possibilities
Flying high on strong commodity prices, Teck Cominco Ltd.'s profits soared to record levels in the second quarter. Despite the strong results, the Vancouver, B.C.-based mining company decided Aug. 16 not to pursue an outstanding hostile purchase... — Updated 8/27/2006 Full story
Interest up in B.C. uranium claims
Unlike its neighbors to the north and east, the western Canadian province of British Columbia is widely regarded as an unlikely place to uncover commercial quantities of uranium. But that isn't deterring a small group of companies from organizing... — Updated 8/27/2006
Jericho diamond mine opens in Nunavut
Tahera Diamond Corp. celebrated the opening Aug. 17 of Jericho, Canada's third operating diamond mine and the first diamond mining venture to come online in the arctic territory of Nunavut. Just across the Northwest Territories border about 260... — Updated 8/27/2006
Full Metal takes Chickaloon coal leases
A Canadian mining exploration company with projects scattered throughout Alaska said it plans to seek coal in the sleepy community of Chickaloon. Full Metal Minerals (USA) Inc. was the sole bidder for about 35 square miles of coal leases put up for... — Updated 8/27/2006 Full story
Environmentalists take two hits
Two judicial rulings have been handed down recently which bode well for the future of mining activities in Alaska. The first concerns the Kensington Mine north of Juneau. In June of 2005, after 17... — Updated 8/27/2006
Judge denies most charges against Red Dog
A federal court judge has ruled that Teck Cominco Ltd., owner and operator of the Red Dog Mine in Northwest Alaska, violated the federal Clean Water Act by discharging treated wastewater into a nearby stream. U.S. District Court Judge John Sedwick... — Updated 8/27/2006
NovaGold fights Barrick bid on all fronts
The board of directors of Vancouver-based NovaGold Resources has unanimously recommended that shareholders reject the unsolicited takeover bid by Toronto-based Barrick Gold. At the same time, in mid-August, NovaGold filed a lawsuit against Barrick... — Updated 8/27/2006 Full story
Precious prices for precious metals
Higher metals prices contributed to record earnings in the second quarter across the mining spectrum. Three companies heavily invested in Alaska, Coeur d'Alene Mines Corp., Hecla Mining Co. and Kinross Gold Corp., posted stronger financial results... — Updated 8/27/2006
Bonanza may await explorers in NPR-A South; miners want BLM to include coal, hard rock leasing
As federal regulators plan the opening of the 9.2 million acres in the southern part of the National Petroleum Reserve-Alaska to oil and gas leasing, one Alaska industry group is urging them to broaden their outlook. The Alaska Miners Association... — Updated 8/27/2006
Alaska project center of $1.5 billion takeover, Greens Creek silver production cost negative $2.28 per ounce, and more
Hang on to your hat, the data is beginning to roll in from Alaskan field programs and there are some hum dingers in this month's data and several others will be showing up next month. What's a "hum... — Updated 8/27/2006
Coeur celebrates Kensington court ruling
The president and CEO of Idaho-based Coeur d'Alene Mines has been in Alaska to thank Gov. Frank Murkowski and his administration for their help in staving off a lawsuit that had been threatening the Kensington project near Juneau. Dennis Wheeler... — Updated 8/27/2006
