- Write by:
-
Saturday, July 25, 2020 - 1:44:19 PM
-
709 Visit
-
Print
Mining News Pro - The US Bureau of Land Management has approved the development of the northern route to provide access to the Ambler mining district in northwest Alaska.
According to South32 and Trilogy Metals, partners in Ambler Metals, the Record of Decision (RoD) approves the development of the northern, or “A” route, which is to be a 211-mile-long gravel private access road in the southern Brooks Range foothills to provide industrial access to the Ambler mining district.
Ambler Metals is a JV between South32 and Trilogy focused on the polymetallic volcanogenic massive sulphide (VMS) style deposits of Ambler. South32 contributed $145 million to the JV and Trilogy all the assets, the two most advanced being the Arctic and Bornite projects.
“The development of the road will unlock the world-class economic potential of the region by allowing greater access to the district and the potential development of the Arctic project, which is in a remote area of northwest Alaska,” Trilogy Metals said in a press release.
“We look forward to continuing our partnership with Trilogy to unlock the value of the project’s high-quality base and precious metals resources, working together to advance it through the current study phase,” South32 CEO Graham Kerr said.
The $799.6 million Arctic project currently has a mine life of 12 years. Its yearly average production is estimated to be 159 million pounds of copper, 199 million pounds of zinc, 33 million pounds of lead, 3.3 million ounces of silver and 30,600 ounces of gold.
Short Link:
https://www.miningnews.ir/En/News/573482
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in ...
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably ...
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado ...
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, ...
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation ...
Peru’s copper production came in essentially flat for March at about 219,000 metric tons, government data showed on ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
No comments have been posted yet ...