30 September 2013
Why Anglo American walked away from the Pebble mine gold deposit
In this Business Week article, Brad Wieners tries to get at the heart of the reason Anglo American is withdrawing from the Pebble project, asking if the "No Dirty Gold" campaign could have affected Anglo's decision.
Laine Welch: Parnell says a decision on Chuitna mine still a ways off (Anchorage Daily News)
Laine Welch reported on a recent interview with Alaska Gov. Sean Parnell, who responded to a question about what the Anglo American decision means for other investors. He is quoted as saying, "I cannot invest time and effort on a Pebble-permitting process when there isn't a company to come forward."
More potentially big, good news for Bristol Bay (Hatch magazine)
The online fly fishing magazine Hatch reports that EPA Chief Administrator Gina McCarthy was the keynote speaker last week at Trout Unlimited's annual membership meeting. During her address, McCarthy reportedly said that EPA is going to "follow the science" before taking a position on development in Bristol Bay, but that it is EPA's job to ensure development does not impact the sockeye salmon fishery.
In Pebble mine project, Alaskan villages see peril, promise (Anchorage Daily News)
In an Anchorage Daily News story picked up from Oregon to Miami, reporter Sean Cockerham focuses on the people of Iliamna and Dillingham, Alaska and what they think of the Pebble project.
28 September 2013
27 September 2013
26 September 2013
Pebble Watch is presenting a poster at the 2013 Arctic AAAS conference in Kodiak this weekend. "Pebble Watch: An Educational and Fact-Based Initiative" describes the goals and activities of the program, and details how the program has evolved since its development in 2010.
The Arctic AAAS conference is held annually in Alaska. Pebble Watch last presented during its 2011 conference in Dillingham.
25 September 2013
Persons affected by the 2013 Plan Amendment for the Bristol Bay Area Plan have until September 25, 2013 to request a reconsideration of the changes in writing to the State of Alaska Department of Natural Resources. The plan amendment was finalized on September 5, 2013, after a public review of the draft amendment.
18 September 2013
The State of Alaska Department of Natural Resources (DNR) released a final version of its Plan Amendment to the 2005 Bristol Bay Area Plan. The plan classifies land use over a 12.7 million acre area in the Bristol Bay region. Along with release of the final amendment, DNR provided documents detailing its responses to public input on the draft version, which attracted nearly 500 public comments. Readers will also find charts that compare land classifications between the 2005 plan, the 2013 public review draft amendment and the 2013 final amendment.
Persons affected by the 2013 Plan Amendment for the Bristol Bay Area Plan have until September 25, 2013 to request a reconsideration of the changes by writing to the State of Alaska Department of Natural Resources. The plan amendment was finalized on September 5, 2013, after a public review of the draft amendment.
16 September 2013
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."
British mining company Anglo American said today it will withdraw from the Pebble Partnership, a 50-50 joint venture with Canada’s Northern Dynasty Minerals, according to a written release.
That means that Northern Dynasty will be the sole owner in the partnership, which is working toward the development of the proposed Pebble mine.
As of June 30, Anglo American Pebble LLC has spent $541 million on Pebble, according to the release, issued by Northern Dynasty.
“Despite our belief that Pebble is a deposit of rare magnitude and quality, we have taken the decision to withdraw following a thorough assessment of Anglo American’s extensive pipeline of long-dated project options,” said Mark Cutifani, chief executive of Anglo American. “Our focus has been to prioritize capital to projects with the highest value and lowest risks within our portfolio, and reduce the capital required to sustain such projects during the pre-approval phases of development as part of a more effective, value-driven capital allocation model.”
The details of the separation are being developed and implemented, the release said.
Northern Dynasty CEO Ron Thiessen, in the same release, said, "Northern Dynasty and the Pebble Partnership have both the expertise and the resources necessary to advance the Pebble Project."
Pebble Limited Partnership, formed in 2007 by Northern Dynasty and Anglo American plc, had not yet issued a statement as of mid-morning Alaska time.
Click here to see the full Northern Dynasty press release.
Read more in this news story from Reuters.
12 September 2013
Recent news related to development of the proposed Pebble mine includes coverage of EPA Chief Administrator Gina McCarthy's visit to Bristol Bay and stories on the Save Our Salmon initiative.
New EPA head gets earful of Pebble Mine chatter in Southwest Alaska meetings (Arctic Sounder, reprinted in Alaska Dispatch)
Carey Restino reports on the visit, including quotes from meetings in Dillingham and Iliamna.
Poll shows wide fears of Pebble Mine (APRN)
Peter Granitz reported on a new Hays Research Group poll that gauged voter interest in a possible 2014 ballot initiative that would prohibit the Pebble mine.
Alaska judge hears arguments over Pebble mine (Juneau Empire, Anchorage Daily News)
The Save Our Salmon initiative, narrowly passed by voters in the Lake and Peninsula Borough, would prohibit any mine or other resource extraction activity over 640 acres that would have a significant adverse impact on wild salmon habitat. Opponents appealed to Anchorage Superior Court Judge John Suddock this week, asking him to throw out the results of the initiative.
Economist suggests Pebble mine could significantly impact Alaska's economy (KDLG)
KDLG's Mike Mason reports on a special publication economist Scott Goldsmith prepared for the "Alaska's Economy" web site, a project funded by First National Bank. Goldsmith includes descriptions and figures related to the economics of the proposed Pebble mine, with numbers drawn from the Pebble Limited Partnership's recent Economic Impact report. Goldsmith is also a contributing author to a University of Alaska Anchorage Institute of Social and Economic Research (ISER) report on the "Economic Importance of the Bristol Bay Salmon Industry."
Northern Dynasty Appoints New Director (Wall Street Journal)
Wall Street Journal published a Northern Dynasty Minerals press release regarding Ken Pickering, the newest member on its Board of Directors.