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Vol. 13, No. 48 Week of November 30, 2008
Providing coverage of Alaska and Northwest Canada's mineral industry


Mining News: NovaGold hits funding snag, halts mining

Projected cash flow from Rock Creek operation dries up; aggressive miner scrambles to salvage interest in Donlin, Galore projects

Rose Ragsdale

For Mining News

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 suspended production at the Rock Creek gold mine for at least six months. The move comes less than three mo....

    [additional news subjects in this story]

Debt difficulties

Rock Creek troubles

Resolution efforts will continue

NovaGold CEO warns of the risks of a zero-risk society

Exchange rates hurt Galore

Litigation delays Rock Creek


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