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Mine developers and the leaders of Alaska’s development bank plan to spend nearly $60 million advancing a pair of mine prospects and a long, contentious road to get to them next summer. ....
Congressman Don Young Introduces the ANWR Act to Prohibit Executive Actions Harmful to Responsible Energy Development alaska-native-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaska-native-news.com Daily Mail and Mail on Sunday newspapers.
Tue, 02/16/2021 - 1:23pm The leaders of Alaska’s development bank have a deal to finance remaining preconstruction work for the Ambler mining district access road with the company leading exploration in the region. The 50-50 cost-share agreement approved Feb. 10 by the Alaska Industrial Development and Export Authority board of directors and signed with Ambler Metals, a joint venture of Trilogy Metals, authorizes up to $70 million of spending on the Ambler road until state officials decide whether or not to build the remote 211-mile industrial road. It runs through 2024 if AIDEA officials don’t reach a final investment decision before then. ....
AIDEA, Alaskans are watching Published January 12 Share on Facebook Print article Most Alaskans weren’t paying attention to the Alaska Industrial Development and Export Authority (AIDEA) until last spring, when this entity became one of the first pandemic profiteers, conducting a shady financial transfer of $35 million of state funds to the Ambler road project. Dozens of Alaskans called in to the virtual meeting in good faith, asking instead for direct support for businesses struggling in the pandemic. Regardless, AIDEA’s board of directors voted unanimously to make the transfer and continues to celebrate its involvement in the Ambler road project, despite local opposition and questions surrounding its economic and social impacts. Last week, AIDEA drew increased attention by bidding on Arctic National Wildlife Refuge leases, one of only three entities to do so. This investment is an embarrassment to Alaskans and a clear sign that AIDEA does not aim to dive ....