BSNC Invests $2M into Graphite One
The board of directors of Bering Straits Native Corporation approved a $2 million investment in Graphite One to complete a feasibility study for a mine near Nome.
Mining
Operations Commence at Manh Choh Gold Mine
Operations have started at the Manh Choh gold mine near Tok, but the production phase is a year away, pending modifications to the mill at the Fort Knox mine near Fairbanks.
Graphite One Awarded $37.5M National Defense Grant for Feasibility Study
The company reviving a graphite mine north of Nome received a $37.5 million grant from the US Department of Defense to complete a feasibility study.
Kinross Establishes New Resource Development Scholarship for UAF
The operator of the Fort Knox gold mine presented $350,000 to UAF to establish the Kinross Alaska Future Leaders Endowed Scholarship, with the goal of diversifying the resource development workforce.
Ambler Metals Approves Matching Funds for Mining Road
The joint venture hoping to develop the Ambler Mining District, east of Kotzebue, approved $12.3 million for this year’s work on an access road, matching a state agency’s investment.
Contango Ore Lining Up Financing for Manh Choh Gold Mine
The developer of the Manh Choh gold mine near Tok is moving ahead with financing, selecting ING CAPITAL and Macquarie to arrange a $70 million loan for this year’s pre-production construction.