Northern Dynasty Minerals Ltd.

Published : August 13th, 2014

Hundreds attend hearing on Alaska mine proposal

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Keywords :   Copper | Gold | Johnson | Water |

Hundreds attend hearing on Alaska mine proposal

ANCHORAGE, Alaska (AP) -- Hundreds of people turned out in Anchorage to comment on a proposal that would severely restrict development of a massive gold-and-copper mine in the Bristol Bay region.

The proposal, made the by the U.S. Environmental Protection Agency last month, effectively would bar the type of development that the mine's owner, Northern Dynasty Minerals Ltd., has discussed.

The agency is hosting public meetings in Alaska this week, though written comments can be submitted through Sept. 19.

People on both sides of the issue testified about their love of salmon during Tuesday's hearing, the Alaska Dispatch News reported (http://bit.ly/VmyJcy ).

But mine opponents said the project, near the headwaters of a world-premier sockeye salmon fishery, posed too great a threat. Some pointed to the partial failure of a tailings dam in British Columbia that sent contaminated slurry into a lake.

Others said the project should be allowed to move through the permitting phase before any action is taken that could curtail development.

Tom Collier, CEO of the Pebble Limited Partnership, which is working to advance the project, said it was "ludicrous" to hold a public meeting so soon after releasing a lengthy technical report.

"I think this hearing is much more about show than it is about substance," he said.

EPA's review of whether to impose restrictions on development, through a rarely invoked process under the federal Clean Water Act, could take a year. The agency's regional administrator, Dennis McLerran, said he was taking notes from the testimony and said the proposal could be modified.

Pebble supporters, though, fear the EPA is on track to pre-emptively veto the project.

The Pebble Partnership and state of Alaska have sued, saying the EPA overstepped its authority. The agency has asked a federal judge to toss the case.

At Tuesday's hearing, tribal leaders, religious leaders, fishermen and environmentalists spoke in support of the EPA.

Mary Ann Johnson, who grew up in Naknek on Bristol Bay, said village residents can't depend on the state to look out for them.

Several legislators also testified, some in support of the EPA's actions, some against.

"I'm just a working stiff like everybody else around here. I'm not a lawyer," said Rep. Pete Higgins, R-Fairbanks, a dentist by trade. "This is not about tribes. This is not about Pebble mine. This is about government overreach."

The Pebble deposit is on state land.

Deantha Crockett, executive director of the Alaska Miners Association, said she regularly takes calls from potential financiers wondering if investing in mining in Alaska is a safe bet. "And I don't know what to say to them," she said.

Everett Thompson, a commercial fisherman from Naknek and Bristol Bay Native Corp. shareholder, urged the EPA to stay tough.

"I believe it to be arrogant to say fishing and mining can coexist," he said.

___

Information from: Alaska Dispatch News, http://www.adn.com

Read the rest of the article at sg.finance.yahoo.com

Northern Dynasty Minerals Ltd.

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ISIN : CA66510M2040
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Northern Dynasty is a copper and gold development stage company based in Canada.

Northern Dynasty develops copper, gold and molybdenum in USA, and holds various exploration projects in USA.

Its main asset in development is PEBBLE in USA.

Northern Dynasty is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 122.4 millions as of today (US$ 89.6 millions, € 83.7 millions).

Its stock quote reached its highest recent level on June 30, 2011 at CA$ 9.99, and its lowest recent point on May 19, 2023 at CA$ 0.28.

Northern Dynasty has 298 640 000 shares outstanding.

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