Updated Mineral Resource Estimate Confirms the Pebble Project as North America’s Most Important New Copper-Gold-Molybdenum Development Opportunity
Northern Dynasty Minerals Ltd announces that the Pebble Limited Partnership (“PLP” or the “Pebble Partnership”) has provided an updated mineral resource estimate for southwest Alaska’s Pebble Project, confirming it as one of the world’s most significant undeveloped copper-gold-molybdenum porphyry deposits and North America’s most important mineral development opportunity.
The Pebble Partnership was established in July 2007 as a 50:50 partnership between a wholly-owned affiliate of Northern Dynasty and a wholly-owned subsidiary of Anglo American plc. To retain a 50% interest, Anglo American is required to invest US$1.425 to $1.5 billion to advance the Pebble Project toward permitting and operations.
[Rio Tinto also had a 19.6% share in Northern Dynasty in April 2009.]
See http://www.vantagewire.com/blasts/20100201ndm/.
The project is opposed by many Native and fishing organisations: see https://londonminingnetwork.org/?s=Pebble+Mine.