Anglo American completes withdrawal from the Pebble Limited Partnership
December 13, 2013, Vancouver, BC � Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") announces that it has exercised its right to acquire Anglo American (US) Pebble LLC�s (�Anglo American�) interest in the Pebble Limited Partnership (�Pebble Partnership� or �PLP�). Northern Dynasty has now re-acquired 100% ownership and control of the Pebble Partnership. All Anglo American representatives have resigned from the Pebble Mines Corporation Board of Directors.
�During the course of the last six years and at a cost of US$556 million (as of September 30, 2013), substantial progress has been made toward our goal of permitting, constructing and operating a world-class, modern and environmentally responsible mine at Pebble that will co-exist with the fisheries resources of southwest Alaska,� said Northern Dynasty President & CEO Ronald Thiessen.
Thiessen said Pebble�s engineering design, environmental science and regulatory planning are now sufficiently advanced that PLP will be in a position to trigger federal and state permitting under the National Environmental Policy Act (NEPA) in the first quarter of 2014. He added that Northern Dynasty�s current focus is to consolidate all of the technical data, engineering work and permitting documentation related to Pebble into a data room, with the goal of qualifying and securing a new partner in 2014. A final decision on permit filing will be made in 2014, by the Northern Dynasty Board.
�Our primary focus is to select the right partner for Northern Dynasty and the right investor for Alaska, a company with sufficient financial resources and technical capabilities, working experience in the United States and a shared commitment to environmentally sound and socially responsible development. We have little doubt that Pebble will attract major mining company interest in the months ahead.�
Northern Dynasty has launched a new website to present current information related to Pebble Project developments at www.northerndynastyminerals.com.
To view this news release in its entirety please click on the link below or copy and paste it into your web browser.
http://www.northerndynastyminerals.com/ndm/NewsReleases.asp?ReportID=615657
For further details on Northern Dynasty please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114
Best Regards,
Investor Services
HDI
15th Floor - 1040 West Georgia Street, Vancouver BC V6E 4H8
Toll Free 1-800-667-2114 | Main 1-604-684-6365
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HDI is associated with the following companies: Heatherdale Resources Ltd., Curis Resources Ltd., Northcliff Resources Ltd., Rathdowney Resources Ltd., Northern Dynasty Minerals Ltd., Amarc Resources Ltd., and Quartz Mountain Resources Ltd. Visit us at www.hdimining.com for more information.
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Northern Dynasty Minerals Ltd.
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EN DÉVELOPPEMENT |
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CODE : NDM.TO |
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ISIN : CA66510M2040 |
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Northern Dynasty est une société développant des projet miniers de cuivre et d'or basée au Canada. Northern Dynasty est en développement de projets de cuivre, d'or et de molybdène en USA, et détient divers projets d'exploration en USA. Son principal projet en développement est PEBBLE en USA. Northern Dynasty est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 138,9 millions CA$ (111,0 millions US$, 97,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 30 juin 2011 à 9,99 CA$, et son plus bas niveau récent le 19 mai 2023 à 0,28 CA$. Northern Dynasty possède 298 640 000 actions en circulation. |