The mining newspaper for Alaska and Canada's North
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DDC: TSX / NYSE Chairman and CEO: Robert Gannicott Chief Operating Officer: Chantal Lavoie Executive Vice President, Community Affairs: Brendan Bell Dominion Diamond Corporation mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 80 percent ownership of the project's Core zone as well as a 58.8 percent ownership in the Buffer zone. In July, Dominion Diamond Corp. announced that th...
The U.S. Environmental Protection Agency has offered the proposal of allowing the Pebble Limited Partnership to apply for permits to develop a less than average-size porphyry mine at the world's largest undeveloped copper-gold-molybdenum deposit. Falling short of an outright ban of building a mine at Pebble, the EPA is proposing Clean Water Act Section 404(c) permit restrictions aimed at limiting the footprint of any mine allowed to be developed at the enormous porphyry...
FAIRBANKS - The U.S. Environmental Protection Agency endeavor to use a presumed authority under Section 404(c) of the federal Clean Water Act to pre-emptively ban the permits required to develop the Pebble Mine cast a dark shadow over the Arctic International Mining Symposium, a mining convention held in Fairbanks every other year. "We have a federal government that, as far as I am concerned, contains people that are intent on shutting down our state's economy," Pebble Partner...
GFMS formerly known as Gold Fields Mineral Services) recently announced their outlook for gold prices in the coming months, estimating average 2014 gold prices in the US$1,225 per ounce range. The price forecast is 13 percent less than the 2013 average of US$1,411/oz. Physical demand, including official sector purchases, came in at an all-time high of 4,957 metric tons in 2013, a 15 percent increase over 2012 and some 703 metric tons higher than the supply of new gold and...
Is Rio Tinto about to take out Northern Dynasty Minerals Ltd. and gain 100 percent of the enormous Pebble copper-gold-molybdenum project in Southwest Alaska? That is among the options management and directors will have to consider as they carry out a strategic review of the company's share holdings in the Vancouver, B.C.-based junior. Rio Tinto, through a wholly-owned subsidiary, owns 18.15 million common shares of Northern Dynasty, representing roughly 19.1 percent of the 95...
Scotiabank's Commodity Price Index, after losing significant ground in late 2012, started 2013 on a stronger note, climbing 3.8 percent in January before slipping 0.9 percent a month later, Scotiabank Vice President, Economics Patricia M. Mohr told a capacity crowd at 2013 Nunavut Mining Symposium in April. The annual gathering, held April 8-11 in Iqaluit, NU, the northern territory's capital, attracted 500 delegates, matching the record attendance reported for the symposium in 2012. Mohr, a commodity market specialist at...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
FARO - Legendary mineral explorer W. Douglas "Doug" Eaton hurried forward to greet the group of visitors clambering out of the MD900 helicopter as its whirring blades whipped miniature cyclones of dust in the air. Eaton - unlike many of the geologists, engineers and mining executives the group would meet during a weeklong tour of mine sites, exploration camps and conferences around Yukon Territory - grinned from ear to ear. The early part of the territory-wide mining tour also would include visits to the Einarson Project...
The stock symbol "NCQ" lit up the boards on the Toronto and New York stock exchanges May 2, marking the official launch of NovaCopper Inc. as an independent mineral exploration company under the leadership of NovaGold Resources Inc. founder Rick Van Nieuwenhuyse. "Now that we are a public company independent of NovaGold, we are looking forward to unlocking great value from the exceptional assets we have in the Ambler mining district," said NovaCopper President and CEO Van Nieu...
While geological and engineering savvy have always been important components of advancing a promising prospect into viable operation, building a modern mine also requires a working knowledge of the complex social, biological and economic systems surrounding a project. "There is only one entity in Alaska that has any depth in all the broad technical areas that span mineral resource extraction - the University of Alaska," said Rajive Ganguli, chairman of the Department of Mining...
The vast landscape of the Northwest Territories is blessed with an abundance of resources. It is a land filled with opportunity, and much of the mineral wealth remains untapped. Mineral explorers and producers are making best efforts to unlock this potential and seizing the opportunities that await them. The Government of the Northwest Territories strongly supports responsible and sustainable mineral development that yields substantial economic benefits to NWT residents, communities and businesses. Four mines are operational...
SRM: TSXV President and CEO: Pamela D. Strand, M.Sc, P.Geol. Executive Chairman: Julie Lassonde-Gray Vice President, Exploration: Jennifer Burgess Shear Minerals Ltd., a company focused primarily on diamond exploration and development in the Canada's Far North, has undergone a profound transformation in the past 12 months from early-stage explorer to would-be producer. Shear currently has a portfolio of nine diamond projects in Nunavut, Northwest Territories and Alberta, eight of which are drill-ready. In August 2010, Shear...
NovaGold Resources Inc. and NANA Regional Corp. have forged a landmark partnership to explore and develop the Ambler Mining District - a region of Northwest Alaska renown for a 110-kilometer- (70 miles) long belt of world-class volcanogenic massive sulfide deposits rich in copper, zinc, lead, gold and silver that sweep across its breadth. The progressive agreement, penned by NovaGold President and CEO Rick Van Nieuwenhuyse and NANA President and CEO Marie Greene Oct. 19,...
Rio Tinto Exploration Canada Inc., 60 percent owner and operator of the Diavik Diamond Mine in Northwest Territories is quietly looking for more diamond deposits in Canada's high Arctic. Though the company declined to confirm a start date for its 2011 exploration program or discuss its plans, officials of Indian and Northern Affairs Canada, Parks Canada, Environment Canada and other affected federal regulators signed off this spring on a new land use permit for proposed work to be carried out between March and October 2011...
Growing demand, especially in China and India, is driving intensified diamond exploration, development and mining activities in Northwest Territories. Diamond prices, which plunged during the recession, also have steadily rebounded recently amid healthier demand. The territory's producing diamond mines are pulling out the stops to boost their output, while developers of potentially a fourth large diamond mine reported progress recently in moving their project closer to startup. Output climbs at Diavik Harry Winston Diamond Co...
Northern Dynasty Minerals Ltd. has hung a "for sale" sign on its 50 percent stake in the enormous Pebble copper-gold-molybdenum project. Since Wardrop Engineering Inc. completed an appraisal of the Southwest Alaska deposit, executives have touted the company's merits as a takeover target. "Given the state of the current industry, the competition in the industry and the commodity market conditions we believe that going forward there will be competitive interest in Pebble from a...
All bets are off, but prospects for the project most likely to succeed in becoming the next producing mine in Northwest Territories got a boost recently when its developer commissioned a new feasibility study. Canadian Zinc Corp. in February reported engaging SNC-Lavalin Inc. to complete the feasibility study in 2011 for the underground Prairie Creek Project, a longstanding mining venture where it hopes to capitalize on several decades of development work to produce lead and zinc concentrates and a silver-bearing copper...
The Ambler Mining District, a mineral-rich region of Northwest Alaska, is getting renewed attention in 2011. While two exploration companies expand their copper-rich volcanogenic massive sulfide projects during the upcoming season, State of Alaska engineers will work on penciling in a potential road to the area. NovaGold Resources Inc. is creating a new company to explore its 36,670-hectare, or 90,614-acre Ambler property and Andover Ventures Inc. plans to return to its Sun...
From its search for White Gold-style mineralization in the Fortymile placer gold district just across the border from the Klondike in eastern Alaska to exploration of the Pyramid copper-gold project some 900 miles, or 1,450 kilometers, to the southwest, Full Metal Minerals Ltd. returned to the Alaska mining exploration scene in 2010. The Vancouver B.C.-based junior also worked with fellow junior and senior mining companies on projects across Alaska's vast expanse. Beyond...
Diamonds continued to dominate mining production in Northwest Territories in 2010, but other hardrock mineral projects led most of the mineral exploration activity during the year. Yet 2010 is shaping up to be a year of recovery for nearly all of the territory's miners. Rough diamond production from Harry Winston's 40 percent share of the Diavik Mine totaled 650,000 carats in the second quarter, up significantly from 570,000 carats a year earlier. Rio Tinto plc controls 60 percent interest in Diavik, Canada's largest diamond...
When Rimfire Minerals Corp. and Geoinformatics Exploration Inc. joined forces to form Kiska Metals Corp. in the fall of 2009, the primary objective of the amalgamated junior was to resolve the tenure of the Whistler Project. A year later the junior explorer achieved this goal, gaining sole-ownership of the expansive gold-copper property in Alaska. Rio Tinto subsidiary Kennecott Exploration Co., which optioned Whistler to Geoinformatics in 2007, had the right to buy back a...
Over the past 13 years NovaGold Resources Inc. has grown its resource base from 500,000 ounces of gold to more than 17 million ounces of gold reserves, 14 million ounces of gold resources, plus 150 million ounces of silver and 9 billion pounds of copper. While the company intends to continue to add to its stores of metals in the ground, its primary objective is to begin extracting these reserves at Donlin Creek and Galore Creek. "We continue to believe that advancing our asset...
As the Pebble Limited Partnership approaches the completion of an extensive feasibility study for the Pebble Project, it is investigating the Southwest Alaska property beyond the bounds of the 80.6 billion pounds of copper, 107.4 million ounces of gold and 5.6 billion pounds of molybdenum known to exist in the massive deposit. "Until the latter part of last year, we hadn't drilled a hole outside the Pebble deposit proper - other than geotechnical or engineering drill holes,...
DDMI President and COO: Kim Truter DDMI Superintendent, Geotechnical Engineering: Sarah Greer DDMI Chief Geologist: David Eichenberg The Diavik Diamond Mine is an unincorporated 60/40 joint venture between Diavik Diamond Mines Inc., a subsidiary of London-based Rio Tinto plc, and Harry Winston Diamond Mines Ltd., a subsidiary of Toronto-based Harry Winston Diamond Corp. Both companies have headquarters in Yellowknife, Northwest Territories. Diavik Diamond Mines manages the mine, which began diamond mining underground in...
SWY: TSX President and CEO: Matt Manson, B.Sc. Geo., Ph.D. Geol. Executive Chairman: Eira Thomas Vice President, Exploration: Robin Hopkins, P. Geol. Stornoway Diamond Corp. has a well diversified and highly prospective diamond property portfolio in Canada, which includes the Renard Diamond Project, a development track diamond project with the potential to become Quebec's first diamond mine. Incorporated in 1986, Stornoway envisions becoming Canada's leading growth-oriented company in the business of discovering, mining and...
