Miners are digging gold out of the ground in Alaska at a faster clip than they have in almost a century. Last year's gold production tipped the scales at 800,000 ounces.
INSIDE ALASKA BUSINESS
GCI to use $425 million loan to repay debt
General Communication Inc. said it has closed on $425 million in new debt in early November that will be used to pay off old debt, with the remaining money being used for general corporate purposes.
Scheduled seminars in the area
Business meetings scheduled around Alaska
Area events
LAINE WELCH
Crabbers get a boost in bairdi Tanner quotas
Kodiak and Alaska Peninsula crabbers got some good news last week -- bigger catch quotas for bairdi Tanner crab, a mid-January fishery important to local economies. Bairdi are the larger cousins of the better-known opilio Tanners, or snow crab.
DAVID REAUME
Pipeline's worth varies with who's counting
The ongoing valuation dispute between the owners of the Trans-Alaska Pipeline System (TAPS), on the one hand, and state and local governments, on the other, is a classic case of trying to make real-world sense out of vague legislative directives.
Cruise passenger tax clearly legal, Alaska AG says
Alaska has a strong case to defend itself in the cruise ship industry's lawsuit on a passenger tax, according to the state attorney general.
Alaska business news in brief
Alaska business news in brief
Thursday's oil, gas, gold, zinc prices
North Slope oil: $77.62, down $0.78
Facing environmental lawsuits, Shell debates Arctic drilling
Shell, the giant oil company that hopes to open a new petroleum frontier for Alaska, says it will decide within months whether to risk sending a large fleet of vessels to drill for oil and gas in the Beaufort and Chukchi seas next summer.
Chevron to lay off an estimated 25 workers in Cook Inlet region
Chevron announced Wednesday it plans to cut an estimated 25 jobs in the Cook Inlet region because of decreased activity at the oil fields and tough economic times.
News on hires or promotions of employees to senior or midlevel professional or supervisory positions
LAST OF FOUR PARTS
Goldman got cozy with loan star that crashed and burned
Goldman Sachs was one of the last Wall Street giants to enter the subprime lending world, but when it did, it quickly climbed into bed with profligate, high-flying firms -- companies such as New Century Financial Corp.
State says it's keeping close eye on gas line project
State officials said Tuesday that they are closely monitoring a major pipeline company's progress on a North Slope gas line to ensure the state's multimillion-dollar stake in the project is well-spent.
Commercial fishing banned in Arctic waters as of Dec. 3
A plan that puts a large area of the Arctic Ocean off-limits to commercial fishing goes into effect Dec. 3, federal officials said Tuesday.
Public can join in gas authority meeting
The Alaska Natural Gas Development Authority conducts a public meeting at 1 p.m. today to discuss current and upcoming contracts and projects.
THIRD OF FOUR PARTS
Goldman left foreign investors holding subprime bag
Inside the thick Goldman Sachs investment circular were the details of a secret, $2 billion deal channeled through a Caribbean tax haven.
SECOND OF FOUR PARTS
Goldman Sachs mortgage sent couple into bankruptcy
When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages.
PART ONE OF A SERIES
Goldman Sachs bet on housing crash
In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.
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