North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Curt Freeman
For Mining News 

Alaska mining industry faces credit crunch

High-quality exploration, development projects will likely survive despite worldwide shortage of venture capital, financing

 

Last updated 10/26/2008 at Noon



The national sucking sound of venture capital exiting the mining industry has now expanded to a worldwide sucking sound as virtually all of the world's economies fight the massive, unprecedented credit crunch which started in the U.S. The mining industry is certainly not alone in feeling the down turn but its effects in Alaska began to be felt last month and continued this month as projects wer...



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