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Sydney, Australia- based Riversdale Alaska has been awarded a state coal lease in the Chickaloon area. Riversdale was the high bidder for the almost ten thousand acres of potential coal bearing lands in the Matanuska- Susitna Borough, paying a more than 3 million dollars bonus for the lease.

A Canadian mining company is hoping to launch a major gold mine near the headwaters of a tributary of the Unuk River, which flows into Behm Canal near Ketchikan. Toronto-based Seabridge Gold says the KSM deposit is one of the largest in the world, second only to the proposed Pebble Mine in Western Alaska.

An Australian Company wants to explore deep coal resources in Alaska. As KUAC’s Dan Bross reports, the proposal is aimed at coal too far underground to mine.