CanAlaska Uranium Ltd. announce that the Company has commenced exploration on its Cree East uranium project in the Athabasca Basin, Saskatchewan, Canada. The Cree East project is funded under a joint venture with the Company’s Korean strategic partners, comprising Hanwha Corporation, Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co, Ltd. The Company recently received Cdn$4.12...
Coeur d’Alene Mines Corporation announced the appointment of Humberto Rada as the new President of Coeur’s Bolivian subsidiary, Empresa Minera Manquiri, S.A., and of Coeur South America. Mr. Rada will lead all the Company’s activities in South America, including its existing activities in Bolivia, Chile and Argentina. Coeur recently began operations at its new San Bartolomé silver mine, located...
A shale formation stretching North Dakota and Montana may have an estimated 3 to 4.3 billion barrels of technically recoverable oil, according to a U.S. Geological Survey assessment. Known as the Bakken Formation, the find would make the recoverable oil in North Dakota and Montana the largest U.S. oil reserves outside Alaska. The recently released assessment shows a 2,800 percent, or 28-times increase...
The average number of mining and natural resources jobs in Fairbanks dropped 14 percent in the first quarter of 2007 after five consecutive years of first quarter growth, according to figures from the U.S. Bureau of Labor Statistics. While preliminary figures show a recovery in the second quarter of 2007, the dip provides a glimpse of the impact two major gold mines have on employment in the region,...
The Interior Department yesterday unveiled its proposal for expanding offshore oil and gas drilling, including a 2.9 million acre triangular area 50 miles or more off the coast of Virginia that could be leased by late 2011. Members of Congress and environmental groups criticized the proposal, calling for increased energy efficiency and other measures to meet the nation’s energy needs. Interior’s...
A group of influential Alaskans has formed a nonprofit group to counter what they called misinformation being disseminated in television and newspaper advertisements by groups opposing Pebble, a possible mine on the Alaska Peninsula southwest of Anchorage. The move is sure to ramp up the public relations war between those opposing and those supporting the mine. The new ”Truth About Pebble”...
Gov. Sarah Palin told lawmakers Wednesday to soon expect legislation outlining the process for a natural gas pipeline. In her first State of the State address, Palin minced no words about her priorities for this year’s legislative session, which began on Tuesday. “This gas line, it’s going to fuel our homes, our economy, and careers for Alaskans — for generations,” she...
President Bush on Tuesday lifted a ban on new oil and gas drilling in Alaska’s Bristol Bay, a decision that angered environmentalists and could provoke a battle with the Democratic-controlled Congress over energy policy. The 5.6 million acres of the bay on the west side of the Alaska Peninsula just north of the Aleutian Islands have been off-limits for energy exploration since 1989, after the...
Mining the Beluga coal fields across Cook Inlet from the Kenai Peninsula may put a spark in the Southcentral Alaska economy, but conservationists say it also will endanger rich salmon spawning streams and add significant pollution to the local atmosphere. PacRim Coal LP, the company developing the Chuitna Coal Project located within the Beluga deposit, is at work on a supplemental environmental impact...
A Bill has been introduced in the United States Congress to permanently ban oil drilling in a vast wildlife refuge in Alaska. The measure has been rejected in the past, but environmentalists hope the power shift on Capitol Hill will change that. The legislation would protect the Arctic National Wildlife Refuge on the Alaskan coast, which covers nearly 500,000 hectares. Read More →