The Tulsequah Chief mine, a zinc and copper mine close to the Alaska border, has been leaking acid mine drainage into the Tulsequah River since it was first shut down in 1957 and attempts to re-open the mine have failed, along with a multitude of promises to clean up the site.
Two companies have gone bankrupt during their ownership of the Tulsequah Chief, with the current owner, Chieftain Metals, declaring bankruptcy last September and there are now reports that Black Loon Metals has backed away from a potential deal to take over the site.
Black Loon chairman, Gordon Bogden, would not say (Read more…) the company remains interested in buying the Tulsequah Chief.