The mining newspaper for Alaska and Canada's North

South32 ups 2021 investments in Alaska

Following COVID hiatus, Aussie major funds UKMP program, Ambler access road; resumes drill program at Shorty Creek North of 60 Mining News – July 30, 2021

When Australia-based South32 Ltd. decided to expand its portfolio into the Northern Hemisphere, Alaska was its first stop. Under a deal struck with Trilogy Metals Inc. in 2017, South32 agreed to invest more than US$175 million to earn a 50% joint venture interest in the massive Upper Kobuk Mineral Projects in Alaska's world-class Ambler Mining District.

After investing more than US$30 million to f...

 

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