m
Recent Posts
Connect with:
Sunday / December 22.
 
HomeAlaska NewsMining Road for Lucrative Project Cut from Governor’s Budget

Mining Road for Lucrative Project Cut from Governor’s Budget

Tribal leaders and stakeholders representing communities that could be impacted by a proposed 220-mile industrial road gathered in Fairbanks to discuss cultural, environmental and social impacts of the road’s potential construction. The meeting is happening at time when the state is facing difficult budget decisions that could hamper the project.

If built, the industrial road would provide access to the Ambler Mining District, rich in deposits of copper, zinc, lead, silver and gold. Rick Van Nieuwenhuyse is the CEO of NovaCopper, Inc., a mining company that would benefit from the road.

Mining Road for Lucrative Project Cut from Governor's Budget

“The Ambler district is a very special district,” said Neuwenhuyse. “It’s very high grade. It’s the sort of district that can provide jobs for generations because it’s very substantial. It’s been known about for a very long time and it’s always been the issue of access.”

But funding may also become a problem as the price of oil continues to fall.  This week, Alaska Governor Bill Walker slashed more than $100 million dollars from the capital budget including $8 million that would have gone toward the road project in fiscal year 2016. Van Nieuwenhuyse said he doesn’t necessarily see the cut as a set back.

“It’s a big wake up call. The state will have to make tough decisions,” he said. “This may be one of them. There may be other alternatives for finding the continued advancement of the EIS.”

See Full Story @ AlaskaPublic.org

image credit groundtruthtrekking.org

Mining Road for Lucrative Project Cut from Governor's Budget

Share

No comments

Sorry, the comment form is closed at this time.