The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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In a move that could help it push the Pebble project across the permitting finish line, Northern Dynasty Minerals Ltd. has entered into an agreement with an unnamed investor for US$60 million over the next two years in exchange for royalties from the gold and silver that would be recovered as a byproduct of the copper produced if a mine is developed at the world-class deposit in Southwest Alaska. With an initial $12 million in good faith, this substantial investment could...
In a polarizing announcement, the Environmental Protection Agency released a revised Proposed Determination under Clean Water Act Section 404(c) to prohibit and restrict the use of certain waters in the Bristol Bay watershed. If finalized, the decision would lock out any future for a Pebble mine, and the enormous quantities of copper and other resources it could provide for the global transition to renewable energy. "This is clearly a giant step backwards for the Biden...
Northern Dynasty Minerals Ltd. April 28 announced its subsidiary Pebble Limited Partnership is preparing crews and equipment for its 2022 field program at the Pebble project site in Southwest Alaska. While disputes over the initial denial of mine permits by the Army Corp of Engineers in November 2020, then leading to the EPA's decision to reinitiate the process of making a Clean Water Act Section 404(c) determination in September 2021, Northern Dynasty has opted to continue...
In a major setback for building a mine at the largest undeveloped deposit of copper, gold, and rhenium known to exist on Earth, the U.S. Army Corps of Engineers has denied federal permits for the Pebble project in Southwest Alaska. Pebble has been roiled in controversy, largely due to its proximity to the Bristol Bay watershed, which hosts a world-class salmon fishery. Pebble proponents have said a modern mine could be developed that co-exists with fishery, while opponents...
Pebble and politics are two matters that loomed large in the minds of the mining community that gathered in Anchorage for the 2012 Alaska Miners Association Convention in early November. The weight of these provocative and inexorably related matters was reflected in conversations and presentations at the annual gathering. With the trade show and technical session portion of the AMA convention typically starting on the day after the U.S. elections, the juxtaposition of...
The Pebble Limited Partnership is spending some US$107 million to advance the enormous Pebble copper-gold-molybdenum project in 2012, with the objective of initiating permitting under the National Environmental Policy Act in 2013. Work programs include environmental studies focused on fish and marine resources, water quality and groundwater hydrology; continued engineering analysis to finalize a project description; geotechnical and exploration drilling; and workforce and...
