Mining group Anglo American has pulled out of the Pebble copper-gold project in Alaska, less than two months after pledging to halve a $17 billion pipeline of potential mines and bring down the cost of keeping future options open. The decision, announced on Monday, leaves junior exploration company Northern Dynasty to push ahead alone with the plan to develop one of the largest copper-gold deposits in the world – but also a hugely environmentally challenging project that has already been studied for almost three decades. Rio Tinto is a major shareholder in Northern Dynasty.
See http://www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=205043&sn=Detail.
Press Statement of Earthworks Executive Director Jennifer Krill regarding Anglo American’s Withdrawal from the Pebble Mine Proposal: http://www.earthworksaction.org/media/detail/press_statement_of_earthworks_executive_director_jennifer_krill_regarding_a#.UjdQ7m