The Pebble Mine has the potential to greatly benefit both the Alaska and U.S. economy. As of 2014, the mine was expected to create over 15,000 jobs and produce over $18 billion in revenue for local, state, and federal taxes. The project could increase U.S. copper production by 20 percent.
After the withdrawal, the project will proceed under the sole leadership of Northern Dynasty Minerals, Anglo said. Details on Anglo's withdrawal still are being worked out between the two companies. If built, the Pebble mine would sit along the watershed of Alaska's Bristol Bay, home to the world's last wild sockeye salmon fishery.
A Federal District Court ruled Friday afternoon to grant a motion to dismiss a case brought by multiple groups opposed to Pebble that had contested a decision by the U.S. Environmental Protection Agency (EPA) to withdraw the preemptive veto of the Pebble Project. Pebble CEO Tom Collier hailed the de
Anglo American (US) Pebble (AA Pebble) has decided to withdraw from the Pebble copper project in Alaska, US. The decision from AA Pebble, the US subsidiary of mining firm Anglo American, follows a notice which was given under the Pebble limited partnership agreement signed in 2007 with Canadian exploration and development firm Northern Dynasty Minerals.
The Pebble Project remains an important domestic source for the minerals necessary for the administration to reach its green energy goals," Mike Heatwole, a Pebble partnership spokesperson, said in an email. Restrictions on mining in the region were …
ALASKA – Anglo American plc of London, UK, is pulling out of the Pebble copper-gold project 300 km from Anchorage. The Pebble Limited Partnership created in 2007 to develop the property now becomes owned by Northern Dynasty Minerals of Vancouver.. Having spent US$541 million, Anglo plans to take a US$300 million post tax impairment charge at the end of this year.
In light of the parties' shared desire to ensure an orderly exit, the detailed aspects of AA Pebble's withdrawal from the Pebble project are being developed and implemented. Anglo American expects to record an impairment charge of $0.3bn at 31 December 2013 on a post-tax basis.
EPA to review withdrawal of proposed pollution limits No timetable needed for agency decision, court says The U.S. District Court for the District of Alaska's order Oct. 29 was a win for environmental and tribal groups that have fought the agency over the gold and copper project.
To ensure an orderly ownership transition, the detailed aspects of Anglo American's withdrawal from the Pebble project are being developed and implemented by the two companies. Anglo American expects to record an impairment charge related to the project of $300 million on a post-tax basis at year-end 2013.
Northern Dynasty Minerals Ltd. said the US Environmental Protection Agency has taken action to withdraw a proposed determination initiated by the Obama Administration in 2014 under Section 404(c) of the Clean Water Act (CWA) in an attempt to veto southwest Alaska's Pebble Project before it received an objective, scientific regulatory review under the National Environmental Policy …
The Pebble Project is owned by Northern Dynasty Minerals, through its US subsidiary Pebble Limited Partnership. The Canadian company's subsidiary believes that the formal withdrawal of the 2014 Proposed Determination by the EPA is one of a series of major milestones that show that the Pebble Project is steadily moving ahead toward a ...
Rio Tinto Withdraws From Pebble Project April 7, 2014 by Rob Bates. The Pebble mine is looking increasingly on the rocks. Rio Tinto has decided to divest its 19.1 percent shareholding of Northern Dynasty, the project's current majority owner, in a move it explicitly tied to the controversy over the would-be gold and copper mine, which would ...
ANCHORAGE, Alaska (KTUU) - A federal judge on Friday vacated a 2019 decision by the Environmental Protection Agency to withdraw proposed protections for the Bristol Bay watershed. The protections will effectively block the progress of the proposed Pebble Mine project. In 2014, the EPA proposed to exercise its authority under the Clean Water Act ...
The Pebble Project is a copper-gold-molybdenum porphyry deposit in the advanced exploration stage of development. The project is located on state land in the Bristol Bay Region of southwest Alaska, approximately 17 miles northwest of the community of Iliamna. The Project consists of two contiguous deposits.
Anglo American plc ("Anglo American") announces that its wholly owned US subsidiary ("Anglo Pebble") has concluded its exit from the Pebble copper project in Alaska, following its announcement on 16 September that it would withdraw from the Pebble Limited Partnership ("PLP").
The formal withdrawal of EPA's Proposed Determination is one of a series of important milestones that Pebble believes demonstrate it is progressing steadily toward a positive Record of Decision. The Pebble Project is expected to generate tens of millions of dollars in State government revenues each year at a time when the State of Alaska is ...
News Release: Anglo American Withdraws from Pebble Project But the potential to develop Pebble Mine still stands. The Pebble Partnership, now consisting only of Northern Dynasty, still owns the mining rights to the Pebble deposit and all research previously conducted.
Judge Tosses Trump-Era Pebble Mine Approval in Bristol Bay. The EPA can take a second look at its decision to withdraw proposed pollution limits for the Pebble Mine in Alaska's Bristol Bay region, a federal court in the state said in a ruling that vacated the agency's action. The U.S. District Court for the District of Alaska's order Oct ...
The Pebble project has been the subject of a fierce public relations battle for years. Supporters of the project contend it would bring much-needed jobs to economically depressed rural Alaska, but opponents fear it could adversely affect a way of life in the region.
In February 2014, the U.S. EPA released a Proposed Determination outlining restrictions it recommended for large-scale mining at the Pebble deposit area in Bristol Bay. It followed a multi-year study of Bristol Bay watersheds that EPA determined would be impacted by such development.
13 December, 2013. Anglo American plc ("Anglo American") announces that its wholly owned US subsidiary ("Anglo Pebble") has concluded its exit from the Pebble copper project in Alaska, following its announcement on 16 September that it would withdraw from the Pebble Limited Partnership ("PLP"). Anglo Pebble's withdrawal from the ...
RELATED CONTENT: Anglo withdraws from Pebble mine project. Rio Tinto's exit follows Anglo American's decision to withdraw from the project in September, and leaves Northern Dynasty Minerals searching for a new mining partner. A spokesman for Vancouver, B.C.-based Northern Dynasty said the company already was looking for a new partner prior ...
Pebble last issued a formal evaluation of its project's economics in 2011, which led opponents in recent years to demand updated economic estimates for its newer, scaled-back mine plan. They claimed the company avoided making its internal figures public because the smaller mine is not economically feasible on its own and would simply be a ...
The Pebble Project is located approximately 200 miles southwest of Anchorage in the Bristol Bay region. The deposit lies entirely within the Lake and Peninsula Borough, approximately 23,782 square miles of land which is home to some 1,500 people in 18 communities. The area around Pebble was secured by the State of Alaska during the Cook Inlet ...
Canada's First Quantum Minerals became the fourth mining company to abandon the Pebble Mine project in Bristol Bay. The first three — Mitsubishi, Anglo American and Rio Tinto — are the three largest mining companies in the world. Northern Dynasty, which has a claim on the mine property through its subsidiary Pebble Limited Partnership and ...
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