Northern Dynasty Minerals
November 8th-Tom Collier, CEO of the Pebble Partnership, will give an update on the Pebble Project.
11-08 A New Approach
November 7, 2017
Vancouver– Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") announces that its wholly-owned Alaska-based subsidiary Pebble Limited Partnership (“Pebble Partnership”) has hired retired Major General, US Army & President Emeritus of the University of Alaska Mark Hamilton to serve as its Executive Vice President of External Affairs. “Mark Hamilton is among Alaska’s best known and most highly respected residents, in large part for his tremendous accomplishments and service to the state over 12 years as President of the University of Alaska,” said Pebble Partnership CEO Tom Collier. “We fully expect Mark’s vision, his leadership and his credibility to materially advance our efforts to re-position the Pebble Project, to ensure it provides meaningful and enduring benefits to the people of Bristol Bay and Alaska, and to help create the social and political conditions necessary to permit this project in the years ahead.”
Northern Dynasty Minerals Ltd. is a mineral exploration company. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project (the Pebble Project). The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage. The property consists of approximately 2,400 mineral claims and is situated over 1,000 feet above sea-level and approximately 60 miles from tidewater on Cook Inlet. The Company is in the process of exploring and developing the Pebble Project.
VANCOUVER, BC V6E 4H1
Pebble Mine is the common name of a mineral exploration project investigating a very large porphyry copper, gold, and molybdenum mineral deposit in the Bristol Bay region of Southwest Alaska, near Lake Iliamna and Lake Clark. The proposal to mine the ore deposit, using large-scale operations and infrastructure, is controversial. Proponents argue that the mine will create jobs, provide tax revenue to the state of Alaska, and reduce American dependence on foreign sources of raw materials. Opponents argue that the mine would adversely affect the entire Bristol Bay watershed; and that the possible consequences to fish populations, when mining effluents escape planned containments, are simply too great of a risk. Much of this debate concerns the tentative plan to impound large amounts of water, waste rock, and mine tailings behind several earthen dams at the mine site. The project is on hold after the loss of funding partners in 2013
|Location of the Pebble prospect in Alaska|
|Borough||Lake and Peninsula|
|Time zone||Alaska (AKST) (UTC-9)|
|• Summer (DST)||AKDT (UTC-8)|