Anglo-American pulls out of proposed Pebble Mine

[Blue_In_AK]

This is some very good news for Alaska and for the Bristol Bay salmon fishery. Now if we can just get Northern Dynasty to drop this project altogether. Another example of citizen activism making a difference.


http://www.adn.com/2013/09/16/3077905/anglo-american-pulls-out-of-alaskas.html

WASHINGTON -- British mining giant Anglo American is abandoning its effort to develop Alaska's Pebble Mine, leaving Canadian explorer Northern Dynasty Minerals alone in its attempt to push through the massive and controversial project.

Anglo American's decision to withdraw comes as scrutiny grows over the impact the mine would have on the world's best-remaining run of wild salmon.

Northern Dynasty is vowing to press forward on the mine. But it's questionable how far the company can go without the finances of a big partner like Anglo American.

Northern Dynasty spokesman Sean McGee said the company has the financial ability to get the project through the next step of seeking state and federal permits.

"In the near to medium term, we have the resources and expertise to move the project forward," he said Monday.

But Northern Dynasty is expected to need another partner or to sell its stake in the project to a different developer if Pebble is ever to start producing.

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Read more here: http://www.adn.com/2013/09/16/3077905/anglo-american-pulls-out-of-alaskas.html#storylink=cpy

[hatrack]

1. Good! First definitively positive news I've heard on Pebble in months!