North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
Mining News 

Quantum Pebble leap

First Quantum enters $1.5B deal for half of Pebble; permitting begins

 

Last updated 1/13/2018 at 3:53pm

Pebble Limited Partnership

The extensive drilling completed at Pebble has outlined a massive porphyry deposit with roughly 56.8 billion pounds copper, 70.4 million ounces gold, 3.4 billion lb molybdenum and 343.6 million oz silver in the measured and indicated resource categories.

In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership.

"We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern...



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