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By Patricia Liles
Mining News Editor 

State bonding considered for Kensington

Alaska Legislature approves bill allowing up to $20 million in AIDEA bonding for southeast gold mine development

 

Last updated 6/20/2004 at Noon



Developers of the Kensington gold project in Southeast Alaska received a solid vote of confidence from Alaska's state government, with nearly unanimous legislative approval of a bill that would allow up to $20 million in tax-exempt bonding for port and tailings impoundment facilities.

The bill was passed by the Alaska Legislature in early May and signed into law in early June. It's the first s...



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