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Novacopper, Inc.

Alaska Governor Bill Walker clarified to AIDEA (Alaska Industrial Development and Export Authority) the intent behind Administrative Order 271, the memo that halted all new spending on six mega projects, including the Ambler Road project. After reviewing the project, Walker permitted AIDEA to spend up to $3.6 million, which had already been appropriated, to begin the environmental impact statement process. The Ambler Road project evaluates the potential to build an industrial road into the Ambler mining district in northwest Alaska, which is rich in copper, zinc, lead, and gold resources. NovaCopper has an agreement with NANA Regional Corporation that provides a framework for the exploration and potential development of the Ambler mining district in cooperation with local communities.

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Title Annotation:Inside: Alaska Business; Bill Walker approves to finance for road construction
Comment:Novacopper, Inc.(Inside: Alaska Business)(Bill Walker approves to finance for road construction)
Author:Slaten, Russ
Publication:Alaska Business Monthly
Article Type:Brief article
Geographic Code:1U9AK
Date:Jan 1, 2016
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