The mining newspaper for Alaska and Canada's North

Articles from the November 18, 2012 edition

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  • Gold lights the way forward at Fort Knox

    Shane Lasley, Mining News|Updated Nov 18, 2012

    Kinross Gold Corp.'s Fort Knox Mine is on pace to retake the position of the top gold producer in Alaska. The open-pit operation situated about 26 miles (42 kilometers) north of Fairbanks reigned as the state's most prolific gold operation for a decade before relinquishing the title to the Pogo Mine in 2008. During the third quarter of this year, however, Fort Knox churned out 106,698 ounces of gold, a 48 percent surge from 71,952 ounces produced in the second quarter and a...

  • Alaska seeks data-gathering efficiencies

    Curt Freemen, For Mining News|Updated Nov 18, 2012

    A recent letter distributed to the minerals industry by the Alaska Department of Natural Resources' Division of Geological and Geophysical Surveys and the Department of Commerce, Community and Economic Development's Division of Economic Development is seeking faster and more efficient ways to gather, collate and publish Alaska's Annual Minerals Industry Report. The agencies are looking for feedback regarding what items the industry thinks is important to retain in the report, what items are not in the report that should be...

  • I wonder what the king is doing tonight

    J. P. Tangen, For Mining News|Updated Nov 18, 2012

    For reasons that escape me at the moment, the re-election of President Obama brings to mind another fairy-tale administration that led our nation barely 50 years ago. To be sure, it was a different era with different priorities and prejudices, but it captured for America a mystical place which few could hope to visit, but which everyone wanted to reach for - a rock candy world without the cavities. Realists cynically shake their heads in wonder at the ragtag troupe that... Full story

  • Pace picks up for aboriginal engagement

    Rose Ragsdale, For Mining News|Updated Nov 18, 2012

    5 brought unprecedented engagement of First Nations in mining industry activities in Yukon Territory. While tight financial markets appeared to slow the pace of mining exploration, efforts of mining companies, local and territorial governments and others to advance and/or initiate various cooperative agreements with the 11 self-governing aboriginal groups with traditional territories in the Yukon seemed to intensify. Adding to a significant roster of existing agreements, mining companies forged new pacts with a number of...

  • Ethos eyes changing the game at Betty

    Rose Ragsdale, For Mining News|Updated Nov 18, 2012

    Ethos Gold Corp. recently wrapped up a second phase of 2012 exploration aimed at identifying a multimillion-ounce gold deposit on its Betty Property located in the White Gold district of Yukon Territory. The junior Sept. 19 reported completing 7,500 meters of reverse circulation drilling in 61 holes, and collecting 8,700 grid soil samples and 166 prospecting samples in 2012 that targeted the 17-square-kilometer (6.56 square miles) Mascot Creek gold-in-soil anomaly at Betty that Ethos outlined in 2011 and where the junior...

  • Mining powerhouses seek Bering Sea gold

    Shane Lasley, Mining News|Updated Nov 18, 2012

    Roughly a mile beyond the golden beaches of Nome, Placer Marine Mining Inc. - a joint venture that combines the gold mining expertise of AngloGold Ashanti Ltd. with the marine mining experience of De Beers - is investigating the potential of dredging a vast placer gold deposit lying beneath the icy waters of the Bering Sea. These gold-rich placer deposits in Alaska's Arctic Northwest are not the first marine mining endeavors undertaken jointly by AngloGold Ashanti and De... Full story

  • Wellgreen heats up, despite cool market

    Rose Ragsdale, For Mining News|Updated Nov 18, 2012

    A reporter recently asked Greg Johnson, the newly appointed president and CEO of Prophecy Platinum Corp., if he was committed enough to his new role as head honcho of the company's emerging Wellgreen Project in southwestern Yukon Territory to stick around for five years. Johnson, one of the original architects of NovaGold Resources Inc. which built the world-class Donlin gold deposit in Alaska from a few million ounces into a 30-million-ounce-plus resource, chuckled before he responded. "With the caliber of asset that we have...

  • Pebble, politics pervade AMA gathering

    Shane Lasley, Mining News|Updated Nov 18, 2012

    Pebble and politics are two matters that loomed large in the minds of the mining community that gathered in Anchorage for the 2012 Alaska Miners Association Convention in early November. The weight of these provocative and inexorably related matters was reflected in conversations and presentations at the annual gathering. With the trade show and technical session portion of the AMA convention typically starting on the day after the U.S. elections, the juxtaposition of...