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

North of 60 Mining News - Mining Business directory

By Shane Lasley
Mining News 

South32 looks north

BHP Billiton spin-off joins Trilogy, NANA at Upper Kobuk Mineral Projects

 

Last updated 1/16/2018 at 8:01pm

Novagold Resources Inc.

From 2004 through 2011, Novagold Resources Inc. completed roughly 13,500 meters of drilling at the Arctic deposit in the Ambler mining district, including this hole drilled in 2007.

South32 Ltd., a coal and base metals miner spun out of BHP Billiton in 2015, has cut a US$150 million deal with Trilogy Metals Inc. to earn up to a 50 percent interest in the Upper Kobuk Mineral Projects, UKMP, a large land package that blankets most of the Ambler Mining District in Northwest Alaska.

South32, which up to this point was focused on the Southern Hemisphere, has eight mines in Aust...



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