CONCERT SEASON – Third-graders rehearse this morning at Keet Gooshi Heen Elementary School for their Winter Concert. The third-graders kick off the series of free school concerts held at the Performing Arts Center 7 p.m. Wednesday. (Sentinel Photo by James Poulson)

C.G. Releases Names of 5 Lost in Sinking
03 Dec 2024 15:53

By SHANNON HAUGLAND
Sentinel Staff Writer
    Coast Guard District 17 headquarters said today that  [ ... ]

Grade Schools Line Up Winter Concerts
03 Dec 2024 15:51

By SHANNON HAUGLAND
Sentinel Staff Writer
    Keet Gooshi Heen Elementary School’s Winter Concert [ ... ]

Sitka City League
03 Dec 2024 15:51

By Sentinel Staff
    Leading off in the City League competitive division championship tournament  [ ... ]

Doyan Attorney Appointed To Supreme Court
03 Dec 2024 15:48

By ANDREW KITCHENMAN
Alaska Beacon
    Aimee Anderson Oravec will be the newest justice on the Alas [ ... ]

Alaska Workers Finding Hourly Wages Up in ‘23
03 Dec 2024 15:45

By YERETH ROSEN
Alaska Beacon
    The average hourly wage in Alaska was $33.60 in 2023, putting the [ ... ]

New RSV Drug Giving Relief to Y-K Children
03 Dec 2024 15:44

By YERETH ROSEN
Alaska Beacon
    A recently approved immunization drug is helping to limit the sev [ ... ]

Mistrial Declared in Case of Rep. Gabrielle LeDoux
03 Dec 2024 15:42

By ANDREW KITCHENMAN
Alaska Beacon
    The judge presiding over the trial of former state Rep. Gabr [ ... ]

December 3, 2024, Police Blotter
03 Dec 2024 14:51

Police Blotter
Sitka Police received the following calls as of midnight last night.
December 2
At 11:21 [ ... ]

December 3, 2024, Community Happenings
03 Dec 2024 14:49

New Year’s Teaser/>Presented Dec. 31
Ramshackle Cabaret will present New Year’s Tease Unwrapped Dec. [ ... ]

Sitka Boat Capsizes; 5 Crewmen Missing
02 Dec 2024 15:43

By SHANNON HAUGLAND
Sentinel Staff
    The Coast Guard called off the search today for the five abo [ ... ]

SHS Musicians Make Mark at Music Festival
02 Dec 2024 15:39

By SHANNON HAUGLAND
Sentinel Staff Writer
Eight Sitka High School music students earned spots in the a [ ... ]

Last Votes are Counted; Alaska's Election Over
02 Dec 2024 15:36

By ANDREW KITCHENMAN
Alaska Beacon
    Alaska’s election results were made official on Saturday,  [ ... ]

December 2, 2024, Police Blotter
02 Dec 2024 15:03

Sitka Police received the following calls as of midnight last night.
November 27
A student complained  [ ... ]

December 2, 2024, Community Happenings
02 Dec 2024 14:58

Alaska Pioneers
Meet Wednesday
The December meeting for the Pioneers of Alaska Sitka Igloo members wil [ ... ]

Assembly Lines Up Boat Project Funding
27 Nov 2024 14:54

By SHANNON HAUGLAND
Sentinel Staff Writer
    The Assembly at its regular meeting Tuesday accepted  [ ... ]

1st Arctic Ambassador May Soon Lose Post
27 Nov 2024 14:53

By NATHANIEL HERZ
Alaska Beacon
    Earlier this month, a crowd gathered at a Fairbanks venue to ce [ ... ]

Braves Beat SHS in Last Home Wrestling Meet
27 Nov 2024 13:24

By GARLAND KENNEDY
Sentinel Sports Editor
    Wrestling in the final home meet of the season in pre [ ... ]

Susan Carney Moves Up To Court’s Chief Justice
27 Nov 2024 13:06

By ANDREW KITCHENMAN
Alaska Beacon
    Alaska’s five Supreme Court justices have voted to make Ju [ ... ]

November 27, 2024, Police Blotter
27 Nov 2024 12:51

Police Blotter
Sitka Police received the following calls as of midnight last night.
November 26
At 8:04 [ ... ]

November 27, 2024, Community Happenings
27 Nov 2024 12:48

ANS Christmas
Bazaar Dec. 14
The annual Alaska Native Sisterhood Christmas Bazaar will be held 10 a.m. [ ... ]

Commercial Use Fees On City Land to Rise
26 Nov 2024 14:47

By SHANNON HAUGLAND
Sentinel Staff Writer
    An ordinance amending the rules on commercial use of  [ ... ]

New House Caucus Names Priorities, Chairs
26 Nov 2024 14:45

By ANDREW KITCHENMAN
Alaska Beacon
    Funding Alaska schools in a stable way, addressing energy ne [ ... ]

Home Care Workers OK First of Union Contracts
26 Nov 2024 14:44

By YERETH ROSEN
Alaska Beacon
    The first home care workers in Alaska to join a union specializin [ ... ]

Sen. Sullivan Joins GOP Gov't. Efficiency Caucus
26 Nov 2024 14:42

From Alaska Beacon:
    Alaska Sen. Dan Sullivan has joined a caucus established by Iowa Republica [ ... ]

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

December 2004

Sitka Friends of Dance, Sitka Studio of Dance, Sitka Skippers, New Archangel Dancers and Sitka Belly Dancers will perform in the new third season performance of “The Nutcracker.”

50 YEARS AGO

December 1974

A local chapter of La Leche Keague International, an organization founded to help and encourage mothers who want to nurse their babies, will be organized here Thursday at St. Peter’s Parish House. For further information call Mrs. Wilton Dillan.

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