Gold and Silver Deposit May Be World's Largest
June 1999 by Associated PressA crater in an undersea volcano off Japan may contain the world's largest gold nugget ever found...
The $800 million project will provide 300 jobs during production. It will be the only US mine where nickel is the primary targeted mineral, with about 360 million pounds to be extracted.
The metal is expensive, not because it is rare but because of the expense to produce and work it. The minerals mined for titanium are all oxides, unlike many base metals that are mostly mined as sulfide minerals.
Without this versatile group of technologies, we would be hard-pressed to produce the metals so critical to our modern way of life. The robust mining industry of today would literally not exist.
It was only a few years ago that China was taxing and limiting quantities of exports for rare earths in an effort squeeze the market, drive up prices and extract the most in the way of income.
"As elected leaders of the State of Alaska, we want you to know that Alaska is open to investment from those who seek to develop our state's natural resources safely and responsibly..."
This was no ordinary nugget. It had not traveled very far from its nearby source, and that did mean a lot, as we were searching for the source of several such nuggets found during a gold rush that occurred in 1859.
- NEPA comments due
- Update on latest US Supreme Court suction gold dredging appeal
- Washington State tries to restrict suction gold dredging
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