Mining News: Seasoned mine builder joins NovaGold 01/17/2010
Gil Leathley's five decades of experience is expected to be invaluable as the company continues to build world-class mines
NovaGold Resources Inc. tapped a wealth of mining experience recently when it appointed Gil Leathley as senior advisor to the junior's president and CEO, Rick Van Nieuwenhuyse. "Mr. Leathley is one of...

Projecting the jobs 11/29/2009
AEDC CEO Bill Popp works with Petroleum News and Mining News on new project forecast
Like one of Scrooge's Christmas apparitions, a ghost of Alaska's future could portend doom, or could just prove to be a warning of the consequences of not taking appropriate action. And from the persp...

Mining Explorers 2009: NovaGold: Focused on production 11/01/2009
Gold explorer sheds early-stage projects and focuses on mining its three key assets
The arrival of 2009 was a milestone for NovaGold Resources Inc. Emerging from a tumultuous 2008, the Vancouver, B.C.-based explorer raised badly needed capital and positioned itself to move its three...

Mining News: Gold prices top US$1,000-an-ounce mark 10/25/2009
NovaGold executive offers insight into the precious metal's outlook and resulting implications for the mining industry
Gold shone brightly through the financial tempest that caused base metal prices to plummet and sent stock markets tumbling during the past year. Neither the global financial meltdown of 2008, nor the...

Mining News: Recession walloped exploration spending 10/25/2009
As drought in available venture capital eases, miners seeking acquisitions would do well to accelerate the pace of purchases
As the active exploration season winds down in Alaska, both good news and bad is afoot and both sets of news turn out to be the same data. Double speak you say? Read on and judge for yourself. Halifa...

Mining News: Mining industry gears up for new season 05/31/2009
Worldwide economic uncertainties persist, though metals prices are climbing and some investors are snapping up bargain properties
Spring has arrived in Alaska and the mining industry is heading to the hills to do its work. Compared to last year, the state is a quiet place in the sun due to drastically reduced exploration and dev...

Mining News: NovaGold repositions itself for growth 05/31/2009
With its financial troubles in the past, the junior wants to move forward with permitting Donlin Creek, seeking new opportunities
NovaGold Resources Inc. not only survived 2008 – a year marked by skyrocketing development costs, an unstable financial market as well as environmental and mechanical setbacks at its projects – the em...

Mining News: Rough days may be ahead for mining 04/26/2009
Experts: Raising venture capital will be industry's biggest challenge in 2009, while juniors lacking cash on hand will fade away
Last month we talked about economic impacts of the Alaska mining industry. This month, the world mineral exploration industry is in our crosshairs. Halifax-based Metals Economics Group reported that...

Mining News: Mining pay ranks No. 2 after oil and gas 03/29/2009
New industry statistics reflect importance of sector's contribution to Alaska, local governments and Native corporations in 2008
There are some new stats out from the State of Alaska that I thought you might like to see. For 2008, the Alaska mining industry accounted for 3,500 direct jobs and 5,500 indirect jobs. The industry d...

Mining News: New York investor grabs stake in NovaGold 01/25/2009
Explorer will use investment capital to pay off bridge loan, move Donlin Creek to permitting and resolve Rock Creek water issues
NovaGold Resources Inc. is beginning 2009 with an infusion of cash. In two separate deals, the Vancouver B.C.-based miner sold enough of its equity to raise $75 million, funds it will use to pay debt...

Mining News: Alaska mining project roundup 01/25/2009
Alaska saw robust mining activity in 2008 across the full spectrum of the industry, from small placer operations to major producers, and from exploration programs to advanced development projects. Her...

Mining News: Miners see bumpy road to mineral riches 01/25/2009
Execs cite lack of infrastructure and lengthy litigation as top concerns for doing business in rural state that needs industry
Alaska is rich with minerals and considered a safe place to do business. As a result, investment has flowed into the state. Today, a variety of mines and mining projects are scattered across the vast...

Mining News: Gold bucks trend by holding its own 01/25/2009
Global financial turmoil fails to tank production, investment in precious metal around the world even as costs continue to rise
Despite the strong price and increasing investment surge for gold, Gold Fields Mineral Services reported in it's Gold Survey 2008 summary that global gold mine production dropped 4 percent in 2008 to...

Mining News: 2008: A truly memorable year for mining 12/28/2008
Despite industry's tumultuous year, a decades-old truism that 'good projects get funded and good mines make money' offers comfort
As 2008 winds inexorably to a close, I found myself looking for words adequate to describe what will go down in history as one of the most memorable years in many a moon. Words like tumultuous, unpred...

Mining News: Miners spend record $4 billion in 2007 11/30/2008
Alaska mines and projects attract more investment in exploration, development and production on wave of strong metals prices
Alaska's mineral industry set a new spending record of about $4 billion in 2007, up 13.3 percent from the value of the industry's expenditures in 2006, according to an 89-page report released Nov. 5 b...

Mining News: NovaGold CEO warns of the risks of a zero-risk society 11/30/2008
Rick Van Nieuwenhuyse, president and CEO of NovaGold Resources Inc., said problems facing global markets today as well as his struggling company are the result of society's desire for zero risks. "Tod...

Mining News: NovaGold hits funding snag, halts mining 11/30/2008
Projected cash flow from Rock Creek operation dries up; aggressive miner scrambles to salvage interest in Donlin, Galore projects
Reeling from regulatory and operating problems at the Rock Creek Mine 12 kilometers, or 8 miles, from Nome and effects of the recent credit drought, NovaGold Resources Inc. Nov. 24 said it has suspend...

Mining News: Producing mines in Alaska 10/26/2008
NovaGold Resources Inc.'s Rock Creek gold mine began production Sept. 19. Crews began feeding the 6,500-metric-ton-per-day-mill at 25 percent capacity with a ramp-up to full production targeted for ye...

Mining News: When the dust settles... 10/26/2008
AMA director Borell predicts Alaska will become more attractive to mining companies and reflects on important events of 2008
Alaska's mining industry captured the attention, not only of Alaskans but also the country during the past year when a controversy over the proposed Pebble Project in Southwest Alaska bubbled to the s...

Mining News: Alaska mining industry faces credit crunch 10/26/2008
High-quality exploration, development projects will likely survive despite worldwide shortage of venture capital, financing
The national sucking sound of venture capital exiting the mining industry has now expanded to a worldwide sucking sound as virtually all of the world's economies fight the massive, unprecedented credi...

Mining News: Rock Creek reports smooth startup 10/26/2008
New mine reports first gold pour Oct. 1; sale of NovaGreenPower contributes to record third-quarter earnings for junior miner
NovaGold Resources Inc. reports that the startup of its first mining operation at Rock Creek near Nome is going smoothly. Production levels at Rock Creek have been higher than the company anticipated...

Mining News: Opportunities will mushroom for the bold 09/28/2008
Largest melt-down since the Great Depression brings uncertainty to U.S. economy; Alaska mining industry sure to feel effects
With termination dust settling ever lower throughout Alaska, the bulk of the 2008 exploration season has been completed, but lots of results are still pending from projects around the state. As the ex...

Mining News: Is the Nova brightening or fading? 09/28/2008
After selling non-core assets, NovaGold explores "strategic alternatives" to advance Galore and Donlin; Rock Creek begins production
NovaGold Resources Inc. experienced more than a 30 percent drop in stock value when the Vancouver B.C.-based junior reported it is selling more than 485,000 acres of its non-core mining assets in Alas...

Mining News: Rule violations slow Rock Creek startup 07/27/2008
NovaGold reports second-quarter financial results; outlines changes in plan to bring small gold mine near Nome into production
NovaGold Resources Inc. July 11 posted its second-quarter financial results and admitted that the company has encountered significant problems getting Rock Creek, its most advanced gold mining pro...

Mining News: Early assays, impressive results 07/27/2008
Early assays from the 2008 drill season reveal some impressive gold and polymetallic results; additional results expected
Assays are beginning to roll in from projects around Alaska with some particularly impressive results from gold exploration in the Livengood District and equally impressive polymetallic results from...