Fort Knox Mine to see $100 million investment and expansion Kinross Gold Corp. announced June 12 a $100 million expansion of the Fort Knox gold mine near Fairbanks. The project will add approximately 1.5 million ounces of gold to the mine’s ultimate recov- ery and extend the mine life to 2030, Kinross said. Kinross described Fort Knox as one of its best-per- forming properties. The land that will be used for the expansion was formally owned by the federal government….
Fiscal plan is signed – now comes the hard part Gov. Bill Walker signed the state budget and a bill allowing Permanent Fund earnings to used to help pay for it, a landmark diversification of revenue sources. Previously, oil and gas revenues, which are volatile, paid most of the budget. Standard and Poor’s Global Ratings immediately upgraded the state’s credit rating and revised its outlook for Alaska from negative to stable. The upgrade applies to state General Obligation debt, now…
Januray 14, 2018 In this Issue: Governor button-holes producer on natural gas BP holds Prudhoe production level; overall slope is up 1.4 percent Energy Chugach/ML&P utility deal CIRI, Chugach in a tiff over wind Health care Ketchikan looks at cost transparency Alaska health plan signups rise Bonds to fund program; companies asked for discount State to accelerate oil tax credit obligation payoff Credits to be eventually paid anyway, but state could pay faster Incentives were aimed at attracting new explorers…