EPA report ‘pure hubris’, says Northern Dynasty CEO as shares capitulate

Shares in Northern Dynasty dropped like a stone on Tuesday, after a US government draft environmental report raised concerns about the contentious Pebble copper project in Alaska, which it owns half of. The Pebble project, which the...

EPA report outlines potential Pebble mine risks

Large stretches of salmon-spawning streams and thousands of acres of wetlands would be wiped out if a large-scale mining project were to be built in southwestern Alaska's copper-rich Bristol Bay region, according to a report issued Friday by the...

Pebble project to absorb $107m this year

The owners of the Pebble copper/gold asset in Alaska, Anglo American and Northern Dynasty, have signed off on a $107-million 2012 work programme for the controversial project. The money will go towards continuing environmental studies, drilling,...

ITH reviewing Alaska gold project, CEO resigns

TSX-listed International Tower Hill Mines (ITH) on Tuesday said its board was undertaking a review of its flagship Livengood gold project, in Alaska, in order to optimise the available development alternatives and financing opportunities. The...

Hecla profit falls on higher costs, mine disruptions

Precious metals miner Hecla Mining posted a lower first-quarter profit as it was hurt by higher costs and disruptions at some mines, but said it expects a 50% jump in full-year silver production. Silver production for the period fell 46% to...

Coeur lifts profit 11%, resumes mining in Alaska

US-based precious-metals miner Coeur d’Alene on Monday posted higher first-quarter earnings, on the back of stronger gold and silver prices, significantly reduced costs of silver production and resumed mining at its Kensington mine, in Alaska....

Sun Metals maintains zinc output even as supplier fails

Australia's Sun Metals Corp, a subsidiary of Korea Zinc Co, made arrangements to maintain deliveries of zinc concentrate after the collapse of key supplier Kagara Ltd and said its output target was still achievable. Kagara, which is contracted to...

Canada unveils plan to streamline environmental reviews

Canada on Tuesday unveiled a plan to streamline the review process for significant economic projects, such as pipelines and mines, in a bid to contend with other resource-rich countries. Natural Resources Minister Joe Oliver said demand from...

NovaGold says Galore Creek stake sale on track

NovaGold Resources said on Thursday it still expects to conclude a sale of its 50% stake in the Galore Creek copper project in British Columbia this year as it moves to focus exclusively on the massive Donlin gold project in Alaska. The...

NovaGold shareholders OK copper spin-out

TSX-listed NovaGold shareholders on Wednesday gave a big thumbs up to the spinout of NovaCopper, with less than 1% of them voting against the deal at a meeting in Vancouver. The deal, first announced in November, is expected to close by the end...

Electrum to lift NovaGold stake to 27.6%

New York-based Electrum Strategic Resources said on Monday it will exercise all its warrants in NovaGold Resources, which owns 50% of the Donlin project in Alaska, boosting its ownership from 19.15% to 27.66%. The resources-focused investment...

Teck agrees to help boost zinc fertiliser use in China

Canada’s biggest diversified miner, Teck Resources, has inked a deal with a branch of China’s Agricultural Ministry to promote using zinc as a fertiliser in the country. According to industry body the International Zinc Association, almost...