An Unhappy Birthday for the 1872 Mining Law

In “An Unhappy Birthday for the 1872 Mining Law” Alan Steptoff explains the creation of the 1872 Mining Law and it’s impacts on current mining laws and the environment. The 1872 Mining Law was originally created to: “1. Encourage the extraction of minerals by giving them away, and 2. Fulfill America’s “Manifest Destiny” — i.e. extirpate Native Americans – by …

COUNTING ON CARIBOU – Local voices worry about caribou and the impacts of roads

A beautiful short film  by Sarah Betcher describing the Iñupiaq Way of Life in Northwest Alaska. The  film showcases the ways in which the Iñupiat people of Northwest Alaska are seeking to maintain their connection to caribou and the influences that threaten this staple subsistence food. Watch the film here: COUNTING ON CARIBOU

U.S. mining losses wipe out 8 years worth of profits

The Wall Street Journal reported that profits from the U.S. mining industry have fallen so far that they have wiped out the past 8 years of profits. This begs the question as to whether high risk mining ventures are a secure financial investment for Alaskans. Perhaps Alaska should be spending money on diversifying it’s economy instead of building roads and …

Locals continue to fight the proposed Ambler road – as spending continues

John Gaedeke Chairman of the Brooks Range Council speaks about the continued spending by the legislature on proposed road to Ambler: “The Legislature has such a culture of spending that it doesn’t even occur to anyone to look at the books.” “The state is still spending millions of dollars on the proposed 211-mile Ambler Road, a route to a mining prospect …

Global copper mines go up for sale as copper prices fall dramatically

A glut of cheap, functioning copper mines are hitting the market, why would Alaska want to invest in commodities that are crashing? America’s largest mining company, Freeport-McMoRan (FCX), said Tuesday it plans to sell some of its coveted mines — likely at bargain basement prices. It joins other global mining giants Glencore (GLCNF) and Anglo American (AAUKF), which last year …

Letter: Say no to Ambler Road

Governor Walker mistakenly believes there is federal money at stake in the Ambler Road proposal. There is a lot of money, millions and millions, but it is all State of Alaska money. All. Of. It. “Page 4 of the state’s request for proposals for an EIS consultant clearly states that “The proposed contract will not be a Federally Assisted Program.”” …

Novacopper Inc. stock continues to fall

Novacopper Inc (NYSEMKT:NCQ) stock continues to fall trading as low as $0.17 during the day, a new 52 week low for the company. “In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related …

Novacopper Inc. stock continues to fall

  Novacopper Inc (NYSEMKT:NCQ)  stock continues to fall trading as low as $0.17 during the day, a new 52 week low for the company. “In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more …

Letter: Say no to Ambler Road

Governor Walker mistakenly believes there is federal money at stake in the Ambler Road proposal. There is a lot of money, millions and millions, but it is all State of Alaska money. All. Of. It. “Page 4 of the state’s request for proposals for an EIS consultant clearly states that “The proposed contract will not be a Federally Assisted Program.””  …