Tag Archives: Northern Dynasty Minerals Ltd.

Canadian investor backs away from Alaska mine project

A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world’s largest salmon fisheries in Alaska has backed away from the project.
Northern Dynasty Minerals Ltd., which is seeking to develop the Pebble Mine project in southwest Alaska, said Friday that it was unable to finalize an agreement with First Quantum Minerals Ltd., the potential investor. It was not immediately clear what happened or what this means for the project, which has a permit application pending with the U.S. Army Corps of Engineers. >click to read<10:55

Kerrisdale Capital Slams Northern Dynasty Minerals Ltd – Pebble Mine shares are ‘worthless’

A New York investment firm tore apart claims by the owners of the Pebble mine project that developing the prospect is economically viable in a no-holds-barred report released Feb. 14. Kerrisdale Capital called Vancouver-based Northern Dynasty Minerals Ltd., “worthless” in its 21-page report, contending sources directly involved in evaluating Pebble before Anglo American walked away from the project in 2013, despite spending roughly $500 million on it, said Pebble would cost close to $13 billion to construct, not the $4.7 billion capital cost Northern Dynasty arrived at in its preliminary project assessment. “In the past decade, Northern Dynasty has hired at least two major engineering firms to prepare preliminary feasibility studies of Pebble laying out its economics in detail, yet it has failed to publish their findings — because they were damning,” Kerrisdale alleges. Continue reading the article here 11:27

Northern Dynasty comments on National Marine Fisheries Service status review of Lake Iliamna Seals

Ultimately, whether the Lake Iliamna seals are considered to be a distinct population segment or not, Northern Dynasty is confident that development of the project by the Pebble Partnership will not affect their habitat or their numbers.” continued