Who owns the Pebble Mine in Alaska?
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.
What is a Pebble Mine in Alaska?
As proposed, the Pebble Mine project would entail mining a pit over a mile long, a mile wide and 200 meters deep, destroying nearly 3,500 acres of wetlands, lakes, and ponds and 81 miles of salmon streams.
Will Pebble Mine ever be built?
Destructive Bristol Bay mega-mine is all but dead following EPA’s re-start in 2021 of Clean Water Act 404(c) process for region’s lasting protection, long sought by Bristol Bay tribes and communities. Pebble Mine owner Northern Dynasty Minerals never expected its sole asset to be on life support in 2021.
How much is the Pebble Mine worth?
It’s also home to a vast copper and gold deposit worth an estimated $500 billion, known as the Pebble Deposit.
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 gold is in the Pebble mine?
82 million ounces
The find is known as Pebble Mine, and, with its full extent yet to be determined, officials estimate that it contains 67 billion pounds of extractable copper, 82 million ounces of gold, and 4 billion pounds of molybdenum. At current prices, the mine’s metals are worth $345 billion to $500 billion.
Why is Pebble Mine controversial?
The proposed Pebble Minewas on the verge of winning a key permit from the Trump administration despite concerns from environmentalists that it could significantly damage Alaska’s world-renowned sockeye salmon fishery in nearby Bristol Bay.
Where is Pebble Mine located?
The Pebble project is expected to produce a total of 7.4 billion pounds of copper, 398 million pounds of molybdenum, and 12.1 million ounces of gold over the initial mine life. The Pebble mine is located in permafrost-free terrain near Iliamna Lake in southwest Alaska, approximately 322km southwest of Anchorage and 97km west of Cook Inlet.
Is there gold mine in Alaska?
Gold mining is not just a part of Alaska’s past, but it is still an important activity in many areas of the state today. You might like to try your hand at finding some of the precious metal. Recreational gold panning and prospecting are permitted, with some restrictions, on most public lands in Alaska. On private lands or mining claims, the owner’s permission is needed to mine even if you
Will Pebble Mine be built?
“The United States Environmental Protection Agency has just killed the Pebble Mine in Alaska. It will not be built,” Friedland said Wednesday during a presentation at the Sprott Natural Resource Symposium Vancouver. Last Friday, the EPA suggested it might invoke a little used provision that may block the mine’s construction.