Archive | Alaska Mining

Alaska to appeal Corps’ Pebble decision – by Shane Lasley (North of 60 Mining News – January 11, 2021)

https://www.miningnewsnorth.com/

Alaska officials say the U.S. Army Corps of Engineers neglected to follow its own guidance when setting mitigations measures for Pebble and the state is appealing Army Corps’ decision to deny federal permits required to develop a mine at the world-class metals deposit on state lands in Southwest Alaska.

“The flawed decision by the Alaska District creates a dangerous precedent that will undoubtedly harm Alaska’s future and, any potential project can fall victim to the same questionable standards,” said Alaska Gov. Mike Dunleavy.

“We have to prevent a federal agency, in this instance, the Alaska District of the Army Corps of Engineers, from using the regulatory process to effectively prevent the state from fulfilling a constitutional mandate to develop its natural resources.” Continue Reading →

Alaska demands action on B.C.’s ‘lax’ mining oversight – by Quinn Bender (Abbotsford News – January 4, 2021)

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The United States government has approved US$3.6 million in spending to help Alaska pressure the B.C. government into reforming mining regulations they claim are lax and present an imminent threat to fish and habitat in transboundary watersheds.

On Dec. 21, U.S. Congress approved the Consolidated Appropriations Act for 2021 that included US$3.1 million for the United States Geological Survey (USGS) to expand a 2019 baseline water-quality monitoring program on rivers downstream from B.C. mines.

An allocation of US$500,000 was also approved to shore up involvement of the U.S. Department of State to identify gaps in a memorandum of understanding between B.C. and Alaska, Washington, Idaho, and Montana relating to mining activity in transboundary watersheds. Continue Reading →

U.S. Rejects Controversial Alaska Pebble Gold, Copper Mine – by Jennifer A. Dlouhy and Steven Frank (Bloomberg News – November 26, 2020)

https://www.bloombergquint.com/

(Bloomberg) — The Pebble mine in Alaska was dealt a potentially lethal blow after the U.S. Army Corps of Engineers rejected an essential permit for the project.

The proposed mine in southwestern Alaska, which would tap one of the world’s largest undeveloped copper and gold deposits, has been dogged by protests for years, as conservationists warn industrial mining operations near Bristol Bay threaten a flourishing sockeye salmon fishery.

The Army Corps issued a record of decision Wednesday denying Pebble’s permit, after determining the project “is contrary to the public interest,” said Col. Damon Delarosa, the agency’s Alaska district commander. Continue Reading →

The Nome Gold Rush and Three Lucky Swedes – by John Matsuzak (Kelly Codetectors – October 23, 2020)

https://www.kellycodetectors.com/

The California Gold Rush certainly was in a far-off land for the Americans of the time, who had to trek long distances to get to their final destination. But the 49’ers had nothing on those brave adventurers who went to Nome, Alaska to seek their fortunes in 1899. Which brings us to the Nome Gold Rush.

While Nome, Alaska was owned by the United States at the time of the Nome Gold Rush, it might as well have been Mars, both in terms of getting there and in terms of surviving in the harsh and unforgiving climate.

Despite the apocryphal quip often attributed to Mark Twain, that the worst winter he ever saw was June in San Francisco, there is simply no comparison between a miserable Northern California summer and any day of the week in Nome, Alaska. Continue Reading →

Alaskan cobalt could supply EV demands – by Shane Lasley (North of 60 Mining News – October 29, 2020)

https://www.miningnewsnorth.com/

Whether it is the exponential growth in electric vehicles traveling global highways, the massive need for storing energy at solar and wind electrical generating facilities, or cutting the cords on our electronic devices, the world is becoming increasingly dependent on lithium-ion batteries.

And this is driving up the demand for cobalt, a critical safety ingredient in the cathodes of these energy storage cells.

“Globally, the leading use is in the manufacture of cathode materials for rechargeable batteries – primarily lithium-ion, nickel-cadmium, and nickel-metal-hydride batteries – which are used in consumer electronics, electric and hybrid-electric vehicles, energy storage units, and power tools,” the United States Geological Survey wrote in the cobalt section of a 2018 report on critical minerals. Continue Reading →

Election Will Decide Fate of Alaska Gold Mine, Shift to E-Cars – by Jennifer A. Dlouhy (Bloomberg News – October 29, 2020)

https://www.bnnbloomberg.ca/

(Bloomberg) — Oil drilling in the Arctic and the Pebble gold mine in Alaska aren’t actually on the ballot — but they might as well be.

The controversial projects are hanging in the balance of the presidential election, with Joe Biden’s vow to scuttle them. And dozens of other oil, gas and mining ventures planned across the U.S. face heightened risk of rejection or longer permitting times as the Democratic nominee focuses on promoting cleaner alternatives.

The threat extends even to some projects that already have federal permits. Lawsuits challenging government approvals create an opening for settlement agreements that result in more analysis and possibly canceled authorizations, said Height Securities LLC analyst Josh Price. Continue Reading →

Northern Dynasty eyes controversial Alaska mine as high gold prices encourage ecologically dicey projects – by Gabriel Friedman (Financial Post – October 7, 2020)

https://financialpost.com/

Last week, Vancouver-based Northern Dynasty Minerals Ltd. issued a press release that declared its Pebble Mine, located in Alaska’s Bristol Bay, as the “most significant” source of rhenium in the world.

Rhenium, one of the rarest elements in the earth’s crust, is prized in military and industrial applications for its high melting point yet remained unheard of to most investors until U.S. President Donald Trump included it on a list of critical elements in 2017 whose permitting should be prioritized and streamlined.

Advertising the Pebble Mine as a significant source of rhenium marks the latest strategy by Northern Dynasty to advance its long delayed, highly controversial, project — a polymetallic deposit that contains copper, gold, molybdenum, rhenium and various other metals. Continue Reading →

Pebble Partnership CEO resigns over leaked tape – by Editor (Mining.com – September 23, 2020)

https://www.mining.com/

Northern Dynasty Minerals (TSX: NDM, NYSE: NAK) announced Wednesday that Tom Collier, CEO of its US-based subsidiary Pebble Limited Partnership, has submitted his resignation in light of comments made about elected and regulatory officials in Alaska in private conversations videotaped by an environmental activist group.

The announcement comes as doubts about the proposed Pebble copper-gold-molybdenum mine have steadily risen over recent months.

In September, short seller J Capital Research accused Northern Dynasty management of “gaslighting investors” and said the mine plan “is on its face absurd.” Continue Reading →

An Alaska Mine Project Might Be Bigger Than Acknowledged – by Henry Fountain (New York Times – September 21, 2020)

https://www.nytimes.com/

Executives overseeing the development of a long-disputed copper and gold mine in Alaska were recorded saying they expected the project to become much bigger, and operate for much longer, than outlined in the proposal that is awaiting final approval by the Army Corps of Engineers.

The executives, who were recorded in remote meetings by members of an environmental advocacy group posing as potential investors, said the project, Pebble Mine, could potentially operate for 160 years or more beyond the current proposal of 20 years. And it could quickly double its output after the initial two decades, they said.

“Once you have something like this in production why would you want to stop?” Ronald W. Thiessen, chief executive of Northern Dynasty Minerals, the parent company of Pebble Limited Partnership, said in one of the recordings. Continue Reading →

Special report: Pebble Mine, the people’s story spanning more than two decades – by Sandy Szwarc (Must Read Alaska – September 19, 2020)

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Pebble Mine is just weeks away from clearing the last hurdle to a federal permit − after nearly two decades of scientific, engineering and environmental studies, and wading through the permitting process.

It reached this point despite well-organized and massively-funded opposition from Outside special interests that have done everything in their power to block the permit. Across the country, many believe that those behind the opposition are grassroots environmentalists, unbiased experts, local fishermen, and Native American Indians.

But virtually none of them are who they appear to be. Attempting to mislead the public with huge media campaigns repeating the same scary sounding claims and misinformation, and efforts to stop the mine permit with an army of lawyers, their goals have nothing to do with the mine itself or saving the environment. Continue Reading →

As Arctic warming accelerates, permafrost thaw hits Red Dog mine with $20 million bill – by Nathaniel Herz (KNBA.org – September 8, 2020)

https://www.knba.org/

The multinational company that operates the massive Red Dog Mine in Northwest Alaska says that thawing permafrost linked to global warming has forced it to spend nearly $20 million to manage its water storage and discharge.

The problems at Red Dog, one of the world’s largest zinc mines, show how climate change poses a challenge not just to residents of Arctic Alaska, but also to the economy of the region, which is warming at triple the rate of the global average.

Vancouver-based Teck Resources Ltd. says that permafrost thaw in the watershed surrounding Red Dog is releasing higher natural levels of dissolved minerals and other particles into streams. Continue Reading →

Opinion: Mine cleanup plan is encouraging, but there’s still work to be done – by Cynthia Wallesz (Juneau Empire – September 7, 2020)

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Cynthia Wallesz is an Alaska seafood advocate who fishes commercially for salmon in Southeast Alaska.

Good news for the Taku River and for those, like myself, who sell and eat Southeast Alaska seafood.

Last month, the British Columbia government released a permanent closure and cleanup plan for its long-abandoned and polluting Tulsequah Chief mine. When releasing the plan, B.C. committed almost $1.6 million to start the process.

In tracking this issue for the last five years, I’ve learned that making strides in transboundary waters takes having prominent elected officials on your side. Continue Reading →

Northern Dynasty stock plummets further with Pebble project in limbo – by Staff (Mining.com – August 25, 2020)

https://www.mining.com/

Northern Dynasty Minerals (TSX: NDM) shares continued to crater on Tuesday as doubts grow over whether the company can clear regulatory hurdles for its Pebble project in Alaska.

The stock declined nearly 32% by 2:20 p.m. ET after falling by more than 40% during the previous session, leaving the company with a market capitalization of just over C$410 million.

On Monday, the US Army Corps of Engineers gave the company 90 days to explain how it would offset “unavoidable adverse impacts” to more than 3,200 acres (1,295 hectares) of wetlands were the mine to be developed. Continue Reading →

Trump Administration Said to Turn Away From Pebble Mine Support – by Ari Natter and Reade Pickert (Bloomberg News – August 23, 2020)

https://ca.finance.yahoo.com/

(Bloomberg) — The Trump administration is planning to block the controversial Pebble Mine in southwestern Alaska that’s recently drawn opposition from certain powerful Republicans, according to a person familiar with the matter.

The project, which has known deposits of copper, gold and other metals, is located in an area that drains into Bristol Bay, home to the world’s most productive wild salmon fishery.

Conservationists, local activists and fishing operations have fought the project for years, but blocking the project would be a reversal for the Trump administration. Continue Reading →

Trilogy-South32 venture delivers feasibility for $1bn Arctic project – by Mariaan Webb (MiningWeekly.com – August 20, 2020)

https://www.miningweekly.com/

Ambler Metals – a joint venture between Trilogy Metals and South32 – on Thursday announced the outcome of a feasibility study for the Arctic base and precious metals project, in north-western Alaska.

With an estimated initial capital requirement of $906-million and sustaining capital of $114-million, the project has a payback period of 2.6 years, Toronto-listed Trilogy said in a statement.

The study calculated that Arctic has an aftertax net present value (NPV) of $1.1-billion and an internal rate of return (IRR) of 27%, using long-term metal prices of $3/lb for copper, $1.10/lb for zinc, $1/lb for lead, $1 300/oz for gold and $18/oz for silver. Continue Reading →