SHOVEL READY – City officials pose with a gold shovel at the location of a new marine haulout Friday at the Gary Paxton Industrial Site. Pictured are, from left, Assembly member Kevin Mosher, GPIP Board of Directors members Chad Goeden and Lauren Howard Mitchell (holding her son, Gil Howard), Municipal Engineer Michael Harmon, Assembly member Thor Christianson, Municipal Administrator John Leach, Mayor Steven Eisenbeisz, Sitka Economic Development Association Executive Director Garry White, and GPIP Board of Directors Chair Scott Wagner. (Sentinel Photo by James Poulson)

MOU on Cruise Ships Approved on 4-3 Vote
13 Nov 2024 15:44

By SHANNON HAUGLAND
Sentinel Staff Writer
    Assembly members at a busy meeting on Tuesday approve [ ... ]

STA Lists Winners In Tribal Council Election
13 Nov 2024 15:02

By SHANNON HAUGLAND
Sentinel Staff Writer
    Yeidikook’áa (Dionne) Brady-Howard has been electe [ ... ]

State Panel OKs New Borough for Hoonah
13 Nov 2024 13:42

By JAMES BROOKS
Alaska Beacon
    A five-member state commission has approved plans for a new local [ ... ]

Begich Close to Victory In U.S. House Election
13 Nov 2024 13:41

By JAMES BROOKS
Alaska Beacon
    Republican U.S. House candidate Nick Begich has almost clinched a [ ... ]

November 13, 2024, Police Blotter
13 Nov 2024 13:05

Police Blotter
Sitka Police received the following calls as of midnight last night.
November 11
At 8:09 [ ... ]

November 13, 2024, Community Happenings
13 Nov 2024 13:03

Planning Event for
Afterschool Programs
The City and Borough of Sitka Parks and Recreation will host a [ ... ]

Sitka's Rep. Is Part of Majority in House
12 Nov 2024 15:57

By SHANNON HAUGLAND
Sentinel Staff Writer
    Rep. Rebecca Himschoot, heading into her second term  [ ... ]

Dunleavy Angling for Position with Trump?
12 Nov 2024 15:56

By JAMES BROOKS
Alaska Beacon
    Alaska lawmakers expect bipartisan coalitions to control the stat [ ... ]

Survey Seeking Costs Due to Cable Break
12 Nov 2024 15:55

By SHANNON HAUGLAND
Sentinel Staff Writer
    Sitka Economic Development Association is seeking mor [ ... ]

C.G. Crew Rescues 3 Fishermen
12 Nov 2024 15:54

By Sentinel Staff
    A helicopter crew from Coast Guard Air Station Sitka rescued three fishermen [ ... ]

Walk Held to Site of 'Little Houses' Project
12 Nov 2024 15:53

By CATHY LI
Special to the Sentinel
Sitka Homeless Coalition held a community walk up Jarvis Street Sa [ ... ]

SHS Posts PBs at State Swim Meet
12 Nov 2024 15:50

By SHANNON HAUGLAND
Sentinel Staff Writer
    Sitka High swimmers posted personal best times and ra [ ... ]

Bristol’s Sockeye Run Expected to be Larger
12 Nov 2024 15:46

By YERETH ROSEN
Alaska Beacon
The world’s biggest sockeye salmon run will be larger than average nex [ ... ]

Council Lists 3 Women For Seat On State Court
12 Nov 2024 15:44

By JAMES BROOKS
Alaska Beacon
    The Alaska Judicial Council has nominated an Anchorage judge, an  [ ... ]

November 12, 2024, Police Blotter
12 Nov 2024 15:42

Sitka Police received the following calls as of midnight last night.
November 8
At 5:47 p.m. a vehicle [ ... ]

November 12, 2024, Community Happenings
12 Nov 2024 11:17

Fall Art Walk
Slated Saturday
To Feature Sitkans
The Fall Art Walk, 5-7 p.m. Saturday, Nov. 16, will sh [ ... ]

STA Speaker Outlines Needs in Child Care
08 Nov 2024 14:59

By GARLAND KENNEDY
Sentinel Staff Writer
    Through grants and other financial aid to training and [ ... ]

Potluck To Share Bounty of the Tongass Forest
08 Nov 2024 14:58

By SHANNON HAUGLAND
Sentinel Staff Writer
    From mushrooms to salmon to venison and blueberries,  [ ... ]

All Items Approved on Planning Agenda
08 Nov 2024 14:57

By ARIADNE WILL
Sentinel Staff Writer
    The Planning Commission gave preliminary approval to a tw [ ... ]

Edgecumbe Wrestlers Take Second Up North
08 Nov 2024 14:54

By GARLAND KENNEDY
Sentinel Sports Editor
    Competing against wrestlers from across the state in  [ ... ]

Barracudas Open Swim Season with Home Meet
08 Nov 2024 14:53

By Sentinel Staff
    In their first swim meet of the season, 37 members of the Baranof Barracudas [ ... ]

City League Games Ongoing
08 Nov 2024 14:50

By Sentinel Staff
    In a City League recreational division basketball game Thursday, Forrester a [ ... ]

Education, Energy On State Senate’s Agenda
08 Nov 2024 14:48

By JAMES BROOKS
Alaska Beacon
    Alaska senators will address education, elections, energy and the [ ... ]

Democrats May Lead State House Coalition
08 Nov 2024 14:47

By JAMES BROOKS
Alaska Beacon
    The Alaska House of Representatives will be governed by a mostly  [ ... ]

Other Articles

Daily Sitka Sentinel

Alaska-Owned Bank Sues Owners of Ex-Yukon Mine

By James Brooks

Alaska Beacon

The bankruptcy of Yukon’s Minto Metals Corp. spilled across the Alaska border last week as Alaska’s state-owned investment bank filed suit against the defunct mining company, joining a long list of creditors seeking repayment.

In a lawsuit filed July 31 in Anchorage District Court, the Alaska Industrial Development and Export Authority claims Minto Metals failed to pay user fees for AIDEA’s Skagway ore terminal, used to ship mining concentrates out of the Yukon.

The City and Borough of Skagway took over ownership of the terminal in March, but before that transfer, AIDEA claims that Minto Metals owed more than $400,000 to the investment bank. 

AIDEA has seized Minto Metals’ $350,000 security deposit, leaving a balance of $74,445.96. The bank is seeking that amount — plus legal fees — in the lawsuit.

AIDEA has a long history with the ore terminal, which it bought in 1990 for $25 million. The terminal operated for years before being shut down, then reactivated in 2007 at a cost of $14 million.

The terminal is located on waterfront property owned by Skagway, and after a cost-benefit analysis ordered in 2021, AIDEA elected not to renew its waterfront lease, effectively handing over the facility to Skagway.

The city subsequently signed a multimillion-dollar deal with the Yukon government, which is subsidizing a two-year renovation project in exchange for a 35-year preferential use agreement. 

The AIDEA lawsuit is not expected to affect that arrangement, and city officials have said that the closure of Minto Metals’ Yukon mine is not expected to have a significant local effect.

--https://alaskabeacon.com/james-brooks

 

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20 YEARS AGO

November 2004

    Sitka Emblem Club has begun taking orders for Thanksgiving pies. Forms can be picked up and dropped off at the Elks Lodge and the Daily Sentinel. This year’s sale is a fundraiser for Aurora’s Watch and will include donations of pies to the Swan Lake Senior Center and Aurora’s Watch.

50 YEARS AGO

November 1974

    Shee Atika Inc., the Sitka area Native Association formed under provisions of the Alaska Native Land Claims Act of 1971, will hold its first shareholders meeting Saturday to elect its first regular board of directors.

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