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
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]
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
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Mining News North of 60 for as low as $69 per year
Print this story | Email it to an associate.
Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
Publisher@MiningNewsNorth.com --- http://www.miningnewsnorth.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.