The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 41 of 41
There are some new stats out regarding mining's impact on Alaska that the McDowell Group Inc. produced for the State of Alaska. For 2010, the Alaska mining industry accounted for 3,500 direct jobs and 5,500 indirect jobs. The industry paid US$350 million in payroll with the average salary totaling US$95,000 per year, which is double the statewide average for all sectors. Mining salaries were higher than all other sectors except for the oil and gas sector. The industry paid...
The Alaska Miners Association recently released an economic benefits summary of the Alaska mining industry. This summary indicated that in 2009 the Alaska mining industry provided 3,300 direct jobs along with 5,200 indirect jobs in 120 communities in Alaska with a combined payroll of US$320 million. Average industry jobs came in at US$83,000 per year, which is 85 percent higher than the average Alaska wage and second only to wages in the oil and gas industry. The industry...
There are some new stats out from the State of Alaska that I thought you might like to see. For 2008, the Alaska mining industry accounted for 3,500 direct jobs and 5,500 indirect jobs. The industry doled out US$350 million in payroll with the average salary totaling US$82,600 per year, which is 90 percent higher than the statewide average for all sectors. Mining salaries were higher than all other sectors, except for the oil and gas sector. The industry paid US$105 million in...
In an economic climate that is causing most juniors to scale back exploration projects, International Tower Hill has expanded its exploration program at the Livengood gold property north of Fairbanks. The addition of a winter exploration program, scheduled to begin in February 2009, is the result of the success of the junior's 2008 summer program. Vancouver, B.C.-based International Tower Hill updated its resource estimate for Livengood by including about half of the assay... Full story
Alaska's mineral industry set a new spending record of about $4 billion in 2007, up 13.3 percent from the value of the industry's expenditures in 2006, according to an 89-page report released Nov. 5 by the Division of Geological & Geophysical Surveys and the Office of Economic Development. The industry's reported value, according to DGGS, is calculated by combining the amount spent on exploration and development with the production value of mines in Alaska. While 2007 was a... Full story
The Alaska mining industry issued a report Jan. 21 that outlines in graphic detail the considerable and growing impact that mining activities are having on the state. Mining companies spent an estimated $1.25 billion in Alaska in 2007 on everything from drilling rigs to rents and royalties. "Mining companies strengthen Alaska communities by employing Alaska residents from more than 100 Alaska communities and purchasing supplies and services from hundreds of Alaska companies," the report said. A banner year for the industry,... Full story
Alaska's commissioner for the Department of Natural Resources, Tom Irwin, has rejected a petition to designate the Chuitna River watershed as unsuitable for coal mining. The petition was filed by non-profit law firm Trustees for Alaska on behalf of a group of people including the Chuitna Citizens NO-COALition, the Alaska Center for the Environment and Alaskans for Responsible Mining, who had hoped to block the planned Chuitna coal project that is being developed in the area. The petition includes lands exempt from the...
Alaska's governor-elect, Republican Sarah Palin, made the annual miners' convention in Anchorage the venue for her first official engagement after the election, promising to listen to the industry as she selects her advisors. Palin's predecessor, Frank Murkowski, gave strong support to the mining industry, including initiating the Roads to Resources program, but lost valuable employees at the Department of Natural Resources when they resigned in protest at his handling of gas pipeline negotiations. "It's my pleasure to...
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 sale by the Alaska Mental Health Trust. The total number of leases offered for sale by the trust covered nearly 47 square miles off the section of the Glenn Highway about 40 miles north of Palmer. Some residents in the lightly populated area fear their backyard wilderness will be s... Full story
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 dinger"? How about an Alaska gold project at the center of a $1.5 billion corporate takeover by the world's largest gold producer? Or how about 75 feet grading more than 2 ounces of gold per ton? Or maybe silver production costs of a negative $2.28 per ounce? But wait, there's more...
Fairbanks Gold Mining Inc. is moving ahead with plans to build a heap leach facility at the Fort Knox gold mine that could reduce its gold ore processing costs by as much as two-thirds. The U.S. Army Corps of Engineers and Alaska departments of Natural Resources and Environmental Conservation released applications, draft permit, public notice and decisions June 29, relating to Fort Knox and the proposal for a 30-day public review and comment period. Fairbanks Gold is a subsidiary of Kinross Gold Corp. Fort Knox is an... Full story
The stars may be in alignment at long last for a huge coal project that has been languishing for decades just 50 miles from Anchorage. Developer Bob Stiles has renewed confidence that a mine will be built to exploit the Beluga-Chuitna coal fields, as he said in a presentation to the Alaska Miners Association convention in Anchorage Nov. 4. (See related story on cover of Nov. 20 Petroleum News.) The deposit on the west side of Cook Inlet, 10 miles from the Native village of Tyonek, contains an estimated 1 billion tons of...
A geologist with 30 years' experience in Alaska has been appointed mining section chief at the Department of Natural Resources. Tom Crafford, 54, will report to Bob Loeffler, director of the Division of Mining, Land and Water, beginning June 1. Crafford has recently been working as a consultant out of Anchorage in partnership with his wife Liz, who is also a geologist. He will have to give up his private clients now that he is employed by the state. Explaining in an interview with Mining News why he applied for the state job...
The month of November started off with a bang with favorable results for the mining industry from both the state and federal elections standpoint. As it closes the price of gold is flirting with $450 per ounce, the highest price for this metal since mid-1988. The Alaska Miners Association convention was very well attended in early November and results were revealed there from many of Alaska's exploration, development and production properties. A quick tally of spending across... Full story
Describing Alaska as "a good place to do business," AngloGold (U.S.A.) Exploration's president of North America said the company's focus is shifting away from projects in Nevada and parts of Canada. The company increased its landholdings through a sizeable claim staking effort in recent months in the area surrounding the Pogo gold deposit, and is negotiating a land lease in the Livengood area. Total exploration spending in Alaska is planned for $2 million, which is more than two-thirds of the company's North America green-fie...
Vancouver, B.C.-based Teryl Resources plans to drill up to 15 reverse circulation holes on its West Ridge gold exploration property, located just south of the True North mine, about 10 miles west of the Fort Knox in Interior Alaska. In a Feb. 9 press release, the junior exploration company said it submitted an amendment to its existing exploration permit with the Alaska Division of Mining, Land and Water Management requesting permission to drill targets on West Ridge. Teryl expects to receive approval before the end of...
