Gold

Pebble mine a step closer to reality as EPA to withdraw restrictions

Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were up Wednesday morning following a decision by the Trump administration that could further pave the way for the company’s vast, but stalled Pebble copper-gold-silver project in Alaska.

The US Environmental Protection Agency (EPA) proposed late Tuesday revoking a 2014 ruling that bans large-scale mining in the area over the potential risks to one of the planet’s greatest wild salmon fisheries.

Under former US President Obama, EPA tried to pre-emptively block the project citing its potential impact on salmon and other species in Bristol Bay and its tributaries.

The federal agency noted it would accept public comments on the proposal for the next 90 days before making a final decision.

The move follows a key settlement reached in May between the EPA and Northern Dynasty that ended a long-dragged dispute over the agency’s decision to block construction of the Pebble mine.

It also comes exactly three months after Alaska’s Department of Natural Resources (DNR) granted Northern Dynasty’s subsidiary — Pebble Limited Partnership — a long-awaited land-use permit.

Investors reacted positively to the news, pushing the stock up 2.67% to Cdn$1.92 in Toronto at 10:54 am local time. But opponents to the project were not that thrilled.

“The facts haven’t changed. The science hasn’t changed. The opposition hasn’t changed,” wrote Taryn Kiekow Heimer, senior policy analyst at the Natural Resources Defense Council, which has opposed the project for years. “The fact that it’s the wrong mine in the wrong place hasn’t changed. But the politics have changed.”

“Instead of putting America first, it puts us dead last—behind the interests of a foreign mining company,” she argues.

For Nelli Williams, director of Trout Unlimited’s Alaska program, EPA’s proposed withdrawal just shows that the agency “is extremely out of touch with Alaskans and hunters and anglers across the country,” she said in a statement.

The rule that may be revoked is the Clean Water Act Section 404(c), invoked by Barack Obama’s EPA in 2014. Its application to the project could have prevented the company from applying to the any permits. But the agency’s “preventive” veto on Pebble was blocked in November that year, following lawsuits and objections from groups such as the National Mining Association and a number of congressional Republicans.

The post Pebble mine a step closer to reality as EPA to withdraw restrictions appeared first on MINING.com.

Source: Mining Gold

  • Taipei101

    About time we stopped the transfer of well regulated American mining to highly polluting China.

    Globalists have been spreading biased and distorted propaganda against Pebble for a decade. The mine can be made safe and will not pollute a Bay that is 100 miles away and no where near Salmon streams. In addition, the Pebble Partnership will restore far more streams than those few miles lost to ensure safety.

    Also, tailings are solid rock. And the technology exists to prevent any runoff… which even if it would occur… would have no impact on the Bristol Bay’s salmon populations spread across a massive area of open ocean.

    Globalist have stopped at nothing to secure cheap labor and unregulated mining in China and other developing nations. About time we have the Supreme Court, Congress, EPA and presidency in place to make sure this mine gets fast tracked.

    As the largest untapped source of copper and molybdenum, this mine represents a key strategic resource for the United States for the next century.

    US national mineral resource security depends on this mine. Do you part and help counter the environmentalists who do not realize fighting this mine ensures higher global pollution because equivalent mining capacity will be developed by nations who do not care about the planet and have extremely lax regulations.

    •Edit•Share ›