The mining newspaper for Alaska and Canada's North
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Sherwood Copper Corp. dashed out of the starting gate this spring, racing not only to bring the Minto project in northern Yukon Territory to production as early as the second quarter of 2007, but also to boost anticipated copper production from the tri-mineral deposit to 40 million to 50 million pounds per year. Sherwood, a Vancouver, B.C.-based junior mining company, is eager to capitalize on high metals prices, especially for copper, and a projected worldwide shortage of at least 100,000-120,000 tons a year of that...
An ambitious plan by Canadian junior Cash Minerals could bring 1.2 million tonnes of coal per year to Southeast Alaska's Skagway Ore Terminal for export to Pacific Rim markets. Cash has begun talks with the Alaska Industrial Development and Export Authority, the contractual owner of the ore terminal, about the logistics that would be involved in using the facility. The coal would be mined over a 20-year period at Cash's Division Mountain deposit in Yukon. The Skagway Ore Terminal was constructed in the 1960s by the White...
Placer mining in Canada's Yukon Territory has increased significantly this year, and although there are no operating hard-rock mines in the territory yet, that may change soon. Mike Burke of the Yukon Geological Survey outlined the varied projects of the past season at the Alaska Miners Association Convention in Anchorage on Nov. 4. In particular, he drew attention to Expatriate Resources' exploration in the Finlayson Lake District at Wolverine, for which the company has raised C$16.6 million. Wolverine is one of several impo...