Tag Archives: Northern Dynasty Minerals

Not Good. Alaska approves key permit for Pebble copper-gold mine, with conditions

Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were soaring Wednesday morning following Alaska’s Department of Natural Resources (DNR) approval of a long-awaited land-use permit that clears the way for the company’s vast, but stalled Pebble copper-gold-silver project. The permit, issued late Tuesday, allows Northern Dynasty’s subsidiary — Pebble Limited Partnership — to conduct reclamation and monitoring activities at hundreds of boreholes for the next 12 months. The company, which applied for such permit in October last year, was hoping to get it until 2018. The land use permit comes after months of reviewing the application and over 1,000 public comments, the authority said. grrrrrr. click here to read the story 10:24

Pebble mine gets no better with time – Danielle Stickman

In early 2006, when George W. Bush occupied in the White House and the Republican Party was firmly in control of Congress, then-CEO of Canadian-based Northern Dynasty Minerals Bruce Jenkins spoke to several communities in Bristol Bay about the company’s plans to construct one of the world’s largest open-pit mines in the middle of the region we have always called home. In his mind, the mine was a done deal. In fact, there was little in the way of consultation or collaboration with the community – Jenkins stated emphatically that Pebble mine would be built. It was just a question of when, not if it would be built. Fast forward 11 years. The GOP once again controls the White House and Congress, promising to open lands to new development and roll back government regulations. Perhaps not surprisingly, a project many believed was dead has been given new life. Some investment blogs and websites are newly bullish on the proposed Pebble project. Northern Dynasty’s current CEO, Ronald Thiessen, is traveling the world to tout Pebble’s prospects, stating the Pebble Limited Partnership, a subsidiary owned and created by Northern Dynasty to develop the mine, will begin permitting this year. Forgive my skepticism about these claims. continue reading the op-ed here 08:59