Now two-thirds of the way through an eighteen-month transition plan focused on modernization and increased production, Northern Star Resources CEO Stuart Tonkin says that the Pogo investment has exceeded expectations.
Undertaking the process of engineering and building a marine vessel requires input from a vast range of people with specific areas of expertise, but it all starts when a prospective owner approaches an architect or engineer with the hope of turning a dream into a tangible blueprint.
Last year was one of outstanding growth for Tyonek Native Corporation (TNC), which saw its revenue increase 85 percent from 2017, reporting 2018 revenue of more than $144 million. This boosted TNC up twelve spots in our Top 49ers ranks, landing them at number 25.
This year is the debut of Top 49er Choggiung Limited, the ANCSA village corporation for Dillingham. The corporation reported 2018 revenue of more than $95 million, propelling it to number thirty-five in the rankings.
Fall is well underway, and with it signs that Alaska’s oil and gas industry is busy preparing for the 2019-2020 winter drilling season.
The definition of a hero is one who goes above and beyond the norm to help others. This certainly holds true among the 2019 Top 49ers—they made the list because of their ability to garner revenue in even the toughest of financial environments, but their true power and value lies in their super-sized philanthropic abilities.
There’s money to be made in promising to reduce your company’s environmental footprint by cutting down fewer trees. And Alaska’s largest landowners are getting behind this new type of business in a big way.
Mineral exports accounted for 36 percent of Alaska’s export total in 2017, and all signs point to mined commodities staying one of the state’s leading exports for years to come.
All together Alaska Native regional corporations reported more than $10.5 billion in revenue last year—revenue that creates opportunities; protects their lands, culture, and resources; and provides investment opportunities for the entire state and, more importantly, their shareholders.
Bering Straits Native Corporation has grown as a company in large part because the leadership driving the company has grown and evolved. President and CEO Gail R. Schubert is an original BSNC shareholder, an Inupiaq Eskimo born and raised in Unalakleet.
Both ConocoPhillips and Oil Search are optimistic about the potential of the Nanushuk Formation on the North Slope following the combined drilling of nine delineation wells over the winter in the Greater Willow and Pikka-Horseshoe units.
The deciding factor of whether or not to create a contingency plan shouldn’t hinge solely on whether a company’s particular industry is regulated.
In This Issue
Mining in 2019: The Year in Review
Following a year when metal prices were both up and down—sometimes dramatically; when international trade squabbles spooked investors to both enter and exit the metals markets; and when mining companies started the year cautiously bullish but ended it cautious bearish, those involved in Alaska mineral exploration, development, and production are once again asking themselves: “Where did we succeed, where did we fail, and where do we go from here?”