Who is behind Pebble Mine?
The Northern Dynasty Partnership
The Pebble Limited Partnership is now 100% owned by The Northern Dynasty Partnership, which is a wholly owned Canadian-based subsidiary of Northern Dynasty Minerals, Limited.
Did Pebble Mine get approved?
In June, the Pedro Bay Corporation approved an agreement with The Conservation Fund to sell a conservation easement over 44,000 acres on the shore of Lake Iliamna, including the infrastructure right-of-way for the Pebble project.
How do Alaskans feel about the Pebble Mine?
More than 80 percent of people in the region believe the mine poses a threat to its fisheries. Pete Andrew Jr., a commercial and subsistence fisherman based there, puts it bluntly: “If you could pick the ultimate worst place in the world to create a mine, this is the very spot.”
How much money will Pebble Mine make?
The Pebble Partnership estimates the 20-year mine will make just $1 billion in profit.
Has Pebble Mine been stopped?
After a multi-year- long permit review process, Pebble’s permit was denied by the Army Corps of Engineers in November 2020. The Corps cited noncompliance with the Clean Water Act and Pebble being” contrary to the public interest,” as the basis for its decision.
Can Pebble Mine be stopped?
The U.S. Environmental Protection Agency announced on Thursday it will resume its effort to halt the proposed Pebble mine. The Biden administration plans to use a Clean Water Act provision, called Section 404(c), with the intent of stopping the controversial mine from ever being built.
Why is NAK stock dropping?
Its primary gold property in Alaska. Unfortunately, it hasn’t gotten to the mining part yet. That’s because its main mineral prospect has been blocked by environmental regulators for years. As a result, NAK stock continues to lose value.
What happened with the Pebble Mine in Alaska?
Alaska’s Controversial Pebble Mine Fails to Win Critical Permit, Likely Killing It. The immense project would have been one of the world’s largest gold and copper mines, but regulators found it “contrary to the public interest” due to environmental risks in the pristine Alaskan tundra.
Why is the Pebble Mine good?
Supporters say the project, known as the Pebble Mine, would be an economic boost for a remote region that has missed out on the North Slope oil boom and other resource-extraction development in the state over the past half century.
How many jobs will the Pebble Mine create?
How many jobs might the Pebble development create, and will they go to local residents? PLP estimates that the project would provide more than 2,000 full-time positions over its 20-year life span, with many more during the initial construction period.
Why are people against the Pebble Mine?
The Pebble Mine—proposed at the headwaters of the planet’s greatest wild salmon fishery in Bristol Bay, Alaska—threatens the communities and ecosystems that depend on the bay’s abundant wildlife. It’s also a terrible investment, pitting an eternal supply of food against an eternal supply of poison.
What is the biggest Mine in Alaska?
The Fort Knox Mine, one of two distinct projects operated by Kinross Alaska, is 25 miles northeast of Fairbanks. It is the largest gold producer in Alaska and has been operating since 1996. The mine produced its 8th millionth ounce of gold in 2019.