Outlook for mining in alaska
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Outlook for Mining in Alaska. Global Markets Alaskan Issues Resource Potential. Global Consolidation & Change. Capital Markets Are Very Tight Junior Capital Market is Dismal Management Focused on Return on Capital 40% of Top Mining Companies Have Disappeared in the Past 5 Years.

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Outlook for Mining in Alaska

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Outlook for Miningin Alaska


  • Global Markets

  • Alaskan Issues

  • Resource Potential


Global Consolidation & Change

  • Capital Markets Are Very Tight

  • Junior Capital Market is Dismal

  • Management Focused on Return on Capital

  • 40% of Top Mining Companies Have Disappeared in the Past 5 Years


Average Annual Copper Prices(Cents per Pound)


Annual Average Zinc Prices(Cents per pound)


Average Annual Gold Prices(Dollars per troy ounce)


Western World Zinc Consumption

Thou Metric Tonnes

Trend Growth

1980-2000

2.5%/yr

Source: ILZSG, Teck Cominco


ZINC REFINING CAPACITY

33%

7%

13%

8%

11%

9%

2%

4%

2%

5%

6%

Total World Capacity 9,300,000mt

Source: Teck Cominco


Restraints to Mining in Alaska

  • Land Status Issues

  • Environmental Regulations that are “Urban Oriented”

  • Pre-feasibility Costs

  • Transportation & Utility Costs


Dealing With Restraints

  • Native Lands

  • State Lands, Mining Laws & Taxation

  • Effective DEC Committed to Finding Solutions

  • AIDEA & Positive State Attitude


Alaskan Mine Producers

  • Healy (Usibelli) Coal

  • Green’s Creek Silver/Zinc/+

  • Red Dog Zinc/Lead

  • Fort Knox Gold


Known Big Deposits

  • Beluga Coal

  • Red Dog District Zinc/Lead

  • Pogo Gold

  • Donlin Creek Gold

  • Pebble Copper

  • Ambler District Copper/+


Gold from Gravels

  • Placer industry has contracted enormously in past 20 years

  • Outlook is poor considering environmental and market conditions

  • Historical placer districts are good places to look for big, hard rock gold deposits


Do Not Forget Gravelis Mined Too


Exploration

  • Food for Future Industry

  • Greatly Reduced in 2002

  • Unlikely to Rebound Completely to Historical Levels


Long Term

  • New Big Discoveries

  • New Commodities: Platinum, Palladium, Gemstones, Tin, Others

  • New Technology Especially Related To Local Power Generation and Producing Metals from Concentrate


Conclusions

  • Excellent Producing Mines Insure Industry for 30 or More Years

  • Very Little New Activity in 2002

  • Long Term Metal Trends Are Not Favorable

  • Unlikely to Rebound Completely to Historical Levels


Paul Glavinovich (Anchorage)

Steve Borell (AMA)

Neil Seldon (Vancouver)

Charlotte MacCay (TeckCominco)

Andy Roebuck (TeckCominco)

Jason Brune (RDC)

& Others

Thanks To...


Annual Average LEAD Prices(cents/pound)


Average Annual Silver Prices($ Per Troy Ounce)


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