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PUBLISHED: 4:15 PM on Wednesday, October 31, 2007
Mineral concentrates shipped for first time in a decade
Skagway Ore Terminal
For the first time in 10 years, mineral concentrates are being loaded on a ship at the Alaska Industrial Development and Export Authority's Skagway Ore Terminal.

In January, AIDEA executed a seven-year User Agreement with Sherwood Copper Corporation and began constructing a new concentrate storage building and support structures to handle the concentrates.

On July 16, Skagway Ore Terminal received the first truckloads of high grade copper-gold concentrates in two-ton supersacks from Sherwood Copper's Minto Mine in the Yukon Territory, and the M/V Amur, owned by Far Eastern Shipping Co. out of Vladivostok, Russia, departed Skagway carrying the concentrates to a British Columbia port.

"Today's load-out is the result of a tremendous amount of hard work by many people," said AIDEA Executive Director Ron Miller. "This is a great example of what can be done to get a non-performing asset back in operation, producing employment for Alaskans and a return on the state's investment."


Courtesy photo
  The M/V Amur, owned by Far Eastern Shipping Co. out of Vladivostok, Russia, recently departed Skagway carrying the concentrates to a British Columbia port.
AIDEA Projects Development Manager Karl Reiche heads the Ore Terminal reactivation project and expects final completion in November.

"This is a real milestone and a great day for Skagway, a great day for Alaska," said Reiche. "It is very rewarding to see this Terminal come to life again." Reiche also noted that AIDEA's new Skagway structures can be easily expanded to handle product from additional users.

AIDEA continues discussing with other mining companies the potential use of Skagway Ore Terminal space.


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