Articles from the December 26, 2004 edition
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Second shipment of Usibelli coal headed to Chile; another load likely in January
Usibelli Coal Mine has secured a sales contract for a second shipment of coal to Chile with Glencore Ltd. The ship was scheduled to begin loading approximately 45,000 metric tons on Dec. 21. This load, Usibelli said in a Dec. 20 press release coal... — Updated 2/26/2018 Full story
Kremlin tightens grip on diamond monopoly; Alrosa gets new chief executive
Russia's diamond monopoly Alrosa, based in the Sakha Republic, has a new chief executive, the company announced in a release Dec. 17. Alexander Nichiporuk, previously Alrosa's chief operating officer, will take the reins from Vladimir Kalitin, who... — Updated 12/26/2004 Full story
Forest Service gives Kensington green light
The U.S. Forest Service has approved Coeur Alaska's plan for its Kensington underground gold mine in Southeast Alaska, releasing its record of decision Dec. 17 for the project's final supplemental environmental impact statement. The EIS includes... — Updated 12/26/2004
Bre-X trial resumes long journey in Ontario
The world's largest mining hoax fades for long periods, without ever disappearing completely. Now the insider trading case against John Felderhof, former chief geologist of Bre-X Minerals, is back before the Ontario Superior Court, seven years... — Updated 12/26/2004
Tiffany quits NT diamond mine
The name that is synonymous with diamonds wants no part of digging for the gems in the Northwest Territories. Tiffany & Co. unloaded its 14 percent holding on Aber Diamond, the co-owner of Diavik, Canada's second diamond mine. The U.S. jewelry... — Updated 12/26/2004 Full story
Haze surrounds Alaska-Taiwan coal talks
The state of Alaska's attempts to export coal to Taiwan have become bogged down in a political scandal, with a prosecutor investigating Attorney General Gregg Renkes' role in the negotiations. The Anchorage Daily News alleged that Renkes owned... — Updated 12/26/2004
Canadian partners boast high Tide results Rimfire's gold-silver property in B.C. has potential for open-pit mine
An initial investment of $10 in a gold-silver property by Vancouver-based Rimfire Minerals might pay off handsomely in the long term. Rimfire purchased the Tide property in British Columbia from Newmont Exploration in 2001 for that nominal fee,... — Updated 12/26/2004 Full story
Price jump sparks uranium mining boom
An explosion in demand for nuclear energy in the face of chronically short supplies is sending long-time mining companies and a growing cadre of new players scurrying across North America in search of new uranium hot spots. Annual demand for... — Updated 12/26/2004 Full story
Red Dog's standards put it ahead of the pack
Alaska's Red Dog zinc mine has received environmental certification under ISO 14001, becoming one of a handful of mines in North America to achieve this status. Malcolm Ting of the international inspection and certification agency SGS presented a b... — Updated 12/26/2004 Full story
Pebble 2004 drilling yields promising results
As its 2004 drilling program draws to a close, Northern Dynasty Minerals Ltd. is awaiting a revised independent estimate of the size of its Pebble gold-copper-molybdenum deposit in Southwest Alaska, Ronald W. Thiessen, the company's president and... — Updated 12/26/2004
China, metals prices ignite stampede in Alaska
What a difference a year makes ... along with a few things like rebounding metals prices, China's voracious appetite for minerals and investors' enduring love affair worldwide with gold. That's the assessment of Alaska officials after reviewing... — Updated 12/26/2004
