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

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By A.J. Roan
Mining News 

Surprise $60 million investment for Pebble

Funding could spell the eventuality of vital copper project North of 60 Mining News – July 29, 2022

 

Last updated 8/4/2022 at 2:36pm

A bundle of copper wire. Analysts predict we'll need more than we can mine.

pixabay.com

S&P Global states that the demand for copper is forecast to double from 25 million metric tons per year today, to nearly 50 million metric tons by 2035 and higher still by 2050.

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 Alask...



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