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ANCHORAGE, Alaska (AP) -- The Bristol Bay Native Corp. Education Foundation has sold the shares it received as a gift in the company that owns the proposed Pebble Mine.
In April, a major shareholder in Northern Dynasty Minerals Ltd., Rio Tinto, announced plans to give away its 18.1 million shares in the company and divide them among two Alaska charitable foundations. Rio Tinto had come under pressure to divest its shares from the overseers of pension funds in California and New York City, who said there were risks to Rio Tinto's reputation for being associated with the mine project. Rio Tinto, in announcing the divestment, said its interest in Northern Dynasty didn't fit with its strategy.
In January, the U.S. Environmental Protection Agency issued a report that found large-scale mining in the Bristol Bay watershed posed significant risk to salmon and could adversely affect Alaska Natives in the region, whose culture is built around salmon.
The other recipient of Rio Tinto's shares was the Alaska Community Foundation.
The Bristol Bay Native Corp. Education Foundation recently announced that it sold its shares, generating about $6.5 million, KTUU reported (http://bit.ly/1vxUP9s ). The foundation said the money will go into an endowment and be used for scholarship programs. It also will be used to pay for a cultural heritage program.
Bristol Bay Native Corp. has spoken out against the mine project, but foundation officials say they have never taken a position on the project.
The foundation's executive director, Greta Goto, said the decision came down to the foundation being a nonprofit. "This particular gift represented a very large-share, concentrated position and didn't meet our investment policy," she said.
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Information from: KTUU-TV, http://www.ktuu.com
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Northern Dynasty Minerals Ltd.
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EN DÉVELOPPEMENT |
CODE : NDM.TO |
ISIN : CA66510M2040 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Northern Dynasty est une société développant des projet miniers de cuivre et d'or basée au Canada. Northern Dynasty est en développement de projets de cuivre, d'or et de molybdène en USA, et détient divers projets d'exploration en USA. Son principal projet en développement est PEBBLE en USA. Northern Dynasty est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 125,4 millions CA$ (91,8 millions US$, 86,1 millions €). La valeur de son action a atteint son plus haut niveau récent le 30 juin 2011 à 9,99 CA$, et son plus bas niveau récent le 19 mai 2023 à 0,28 CA$. Northern Dynasty possède 298 640 000 actions en circulation. |