By Shane Lasley
Mining News
AIDEA, Ambler strengthen road partnership
Each commit $35 million to Ambler Road predevelopment costs North of 60 Mining News – February 12, 2021
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Last updated 2/18/2021 at 5:44pm
R. Walker
The Upper Kobuk Mineral Projects at the western terminus of the proposed Ambler Access Project hosts 9 billion pounds of copper, 3.6 billion lb of zinc, 628 million lb of lead, 58 million ounces of silver, 770,000 oz of gold, and 77 million lb of cobalt.
Alaska Industrial Development and Export Authority Feb. 10 announced that its board has approved a long-term agreement with Ambler Metals LLC to share up to $70 million of the predevelopment costs for a proposed road to the Ambler Mining District in Northwest Alaska.
"This is another example of AIDEA's role in establishing public-private partnerships supporting responsible development of Alaska...
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