In Canada’s ‘Silicon Valley’ of mining, speculators power a hunt for Alaska’s minerals Vancouver, British Columbia, home to dozens of companies searching the world for minerals, has a special interest in the northernmost U.S. state.
How a billionaire’s bet on Donlin mine could inject new life into the huge, slow-moving Alaska gold project A global mining giant is selling its 50% stake in Donlin Gold. One of the buyers is John Paulson, who made billions betting against the housing market before the 2008 financial crisis.
Record gold prices could mean a banner year for Alaska mines “Anyone with an operating gold mine is in a happy spot right now,” said one mining executive.
This company helped build an Alaska mine without a tailings dump. Can it build two more? Touting an unconventional approach, Contango Ore says it can develop mines faster and with a smaller environmental footprint. But some Alaskans fear an influx of ore trucks on state roads.