Today's announcement from Anglo American - that it is pulling out of the Pebble project - is big news. How did it play around the country and in the UK, where Anglo American is based? Here's a roundup of today's stories.
Anglo American pulls out of Alaska mines project (The Guardian)
The Guardian reports that Anglo American's decision leaves an uncertain future for the Pebble mine, even though remaining partner Northern Dynasty Minerals says it will move forward.
Anglo American withdraws from Pebble mine project (Alaska Dispatch)
Ben Anderson, at Alaska Dispatch, adds detail about the economic impact of Anglo American's decision, reporting that, "As of about 8 a.m. Alaska time Monday, Northern Dynasty's stock prices had fallen by more than 30 percent from Friday's close."
Anglo American drops Alaska investment (Wall Street Journal)
The Wall Street Journal reports on the economic and political drivers that shaped Anglo American's withdrawal from the project, also noting that Northern Dynasty does not have funding to develop the project on its own, and that it was notified just Friday of Anglo's decision.
Major backer of Pebble Mine project pulls financial support (Washington Post)
The Washington Post story includes a statement from Bristol Bay Native Corporation President & CEO Jason Metrokin urging Northern Dynasty Minerals to follow Anglo American's lead, and urging EPA "to protect the fishery and water resources of the region and the economic and subsistence values that depend on those resources."
About Pebble Watch
Pebble Watch is an impartial, educational and fact-based initiative of the BBNC Land Department to disseminate information regarding the proposed Pebble Mine project to BBNC shareholders and interested parties.