PRECIOUS METALS

Novagold receives more permits for Donlin Gold

Alaska transportation and energy infrastructure construction permits add to Donlin momentum

Novagold has received another set of critical infrastructure-related permits for the Donlin Gold project in Alaska

Novagold has received another set of critical infrastructure-related permits for the Donlin Gold project in Alaska

The Vancouver-headquartered company said it had received the final state right-of-way authorisation for a buried natural gas pipeline and final authorisation of the easement, land leases, land use permits and the material site for proposed transportation facilities, as well as an easement for a fibre optic cable on state lands.

Also, by denying an appeal, the department affirmed the January 2019 approval of Donlin Gold's reclamation plan and accompanied permit, Novagold said.

"We are very pleased to see the issuance of key transportation and energy infrastructure approvals for Donlin Gold," said CEO Greg Lang. "These final state land authorisations are important for the advancement of Donlin Gold."

The company said a proposed 500km natural-gas pipeline would be 35cm in diameter, typically buried at one to two metres depth, providing a reliable natural-gas supply regardless of weather or season to support power generation at the site.

Receiving the latest right-of-way permits are the latest in a growing list of Donlin Gold's permitting approvals, including the jointly issued federal record of decision received in August 2018. Others include the water discharge permit, the major source air quality permit, waste management permit, reclamation plan approval, and fish habitat permits for the mine site and transportation corridor.

Donlin Gold is considered one of the largest known high-grade openpit gold deposits in the world. Once in production, Donlin Gold is expected to produce an average of more than 1Moz annually over a 27-year mine life.

The company's New York-quoted equity (NYSE American:NG) advanced more than 2% on the news on Thursday to $9.06, which capitalises it at $3 billion.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.