Tetlin mine processing plant would be profitable, economical, 2018 study found

Kinross is telling Alaskans that it is not economical to build an ore processing facility at the high-grade gold deposit near Tetlin, so it has no choice but to use the highway system to truck ore to the Fort Knox mine for processing.

But there is good reason to dispute the claim.

Why?

Because a 2018 study of the proposed Tetlin project—before Kinross got involved—found that a mine project built at Tetlin would be an economical and profitable venture for all concerned, even with a gold price of $1,250 per ounce. Gold is now about $1,830 an ounce.

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Dermot Cole Comments
State secretly invested in company promoting robotic vehicles for mining, construction

One of the secret investments, the amount unknown, made on behalf of Alaskans by a contractor hired by the Alaska Permanent Fund is in a California company called SafeAI.

The description released to the public by McKinley Capital says SafeAI is “focused on retrofitting heavy equipment with AI technology to prevent accidents.”

But that language does not fully convey the corporate mission of SafeAI‚—the promotion of robotic vehicles for mining and construction, a goal that goes far beyond safety.

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Republicans offer 'painless' spending cap with hundreds of millions of cuts they won’t even mention

They subscribe to the Dunleavy lockbox plan for the budget. First, you create a lockbox to limit state spending. Everyone likes a good lockbox. Only after the lockbox is in the Alaska Constitution do you bother to tell anyone what won’t fit inside.“It’s a lockbox and then you kind of duke it out, if you need to, what’s inside that lockbox,” is how Dunleavy described his vision of a painless process in 2016.

They don’t want to talk now about what won’t in the lockbox of the future. Road maintenance? Public safety? Schools? Don’t worry about any of that now, they say.

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Dermot Cole Comments
Unwarranted secrecy is just one problem with the Permanent Fund 'in-state' investment of $200 million

The Alaska Permanent Fund board of trustees reviewed the so-called "in-state” investment program earlier this month and some of the issues that arise from the $200 million program.

My major complaint all along has been about the claim by the fund managers that they can keep all investment details—including the names of recipients and the purpose of investments—secret, based on a line inserted into state law for another reason more than four decades ago.

But secrecy is not the only issue to consider.

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Dunleavy named Three Bears president to fish board, held PFD announcement at Three Bears

Gov. Mike Dunleavy appointed Dave Weisz of Wasilla, the president of Three Bears, to the state fisheries board last March.

Last fall Dunleavy staged a campaign event to announce the amount of the 2022 Permanent Fund Dividend at the Three Bears store in Palmer.

Weisz resigned from the fish board in October, writing that his personal circumstances were such that he didn’t have the time to do the position justice. He was replaced by Stan Zuray in December.

A year ago the state secretly invested in Three Bears through the Alaska Permanent Fund. The investment was kept secret until last week. The exact amount of the investment is still a secret.

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Alaska House censure of Eastman is symbolic, not significant


The state House censured Republican Rep. David Eastman Wednesday on a 35-1 vote, with Eastman providing the only pro-Eastman vote.

Despite the near unanimous vote, however, let’s admit that a motion to censure is symbolic, not significant. The House refused to take real action against Eastman for belonging to an anti-government militia, but it should at least remove him from the judiciary committee and find a better legislator to fill that seat.

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Where is the Golden Heart for the most vulnerable left freezing in the cold?

“So the estimated 50 to 100 unsheltered people who live in Fairbanks find ways to survive. They walk all night in bunny boots, trying to stave off frostbite. They crowd into motel rooms 10 at a time. They build forested encampments and dig snow caves. They squat in abandoned houses and sleep in cars.”

If you haven’t done so, read the investigation of homelessness in Fairbanks in the winter by one of Alaska’s top reporters, Michelle Theriault Boots of the Anchorage Daily News.

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Dermot Cole Comments
With Dunleavy forcing UA into a financial emergency four years ago, more Alaska students departed for stable alternatives Outside

One sign of how Dunleavy’s approach created lasting damage is the declining number of students eligible for the Alaska Performance Scholarship who choose to attend school in Alaska. The percentage of top students choosing to remain in Alaska and use this program—which is worth up to $4,755 a year—has been dropping since 2016, down from 39 percent to 22 percent.

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