Northern Dynasty: Pebble Partnership achieves settlement with US Environmental Protection Agency

Northern Dynasty: Pebble Partnership achieves settlement with US Environmental Protection Agency

Northern Dynasty: Pebble Partnership achieves settlement with US Environmental Protection Agency Under the terms of the settlement agreement, EPA has agreed the Pebble Project can proceed into normal course permitting under the Clean Water Act and National Environmental Policy Act. In particular, EPA has agreed it will not file a Recommended Determination under CWA 404(c) until a final Environmental Impact Statement (“EIS”) for the Pebble Project has been completed by the US Army Corps of Engineers (the “Corps”) – so long as that occurs within a period of four years following the settlement agreement and PLP files permit applications within 30 months of the date of the settlement agreement. EPA has further agreed to initiate a process to propose to withdraw the Proposed Determination it issued under CWA 404(c) in July 2014. In return, the Pebble Partnership has agreed to terminate permanently and with prejudice two lawsuits it brought against EPA: an action under the Federal Advisory Committee Act and an action under the Freedom of Information Act. “From the outset of this unfortunate saga, we’ve asked for nothing more than fairness and due process under the law – the right to propose a development plan for Pebble and have it assessed against the robust environmental regulations and rigorous permitting requirements enforced in Alaska and the United States ,” said Ron Thiessen , President & CEO. “Today’s settlement gives us precisely that, the same treatment every developer and investor in a stable, first world country should expect.”
Source: finance.yahoo.com/news/northern-dynasty-pebble-partnership-achieves-103000478.html

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2 Comments on "Northern Dynasty: Pebble Partnership achieves settlement with US Environmental Protection Agency"

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Devin
Member

Well, this is step one! Next news we are waiting for is partnership and no one knows when that will be. That surprise news will make for a really nice jump in the stock! That’s what I’m waiting for!

pappa chubby
Member

Really want to catch shorts with a suprise re partnering announcement. A lot like STRP and Kerrisdale.
The more I think about the Friday veto reversal the the big sell off is that they knew the thing was a done deal. They had a game plan in place to keep the price down and start tripping stop loss. Only to repurchase at lower levels.
Can’t wait until they want to build a company instead of trying to fleese it.

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