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Northern Dynasty Minerals Ltd T.NDM

Alternate Symbol(s):  NAK

Northern Dynasty Minerals Ltd. is a Canada-based mineral exploration and development company based in Vancouver. The Company’s principal business activity is the exploration of mineral properties. The Company’s principal asset, owned through its wholly owned subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of about 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located about 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project. The deposit lies entirely within the Lake and Peninsula Borough, approximately 23,782 square miles of land. The deposit is a Copper-Gold-Molybdenum-Silver-Rhenium project. Its subsidiaries include 3537137 Canada Inc., Northern Dynasty Partnership, U5 Resources Inc., Pebble West Claims Corporation, and others.


TSX:NDM - Post by User

Comment by zentrarianNZon Oct 30, 2016 2:11am
149 Views
Post# 25402928

RE:RE:RE:RE:EPA under a lot of scrutiny - positive for NDM!

RE:RE:RE:RE:EPA under a lot of scrutiny - positive for NDM!I think seanyboy's point was that the mine was shot down by the EPA without NAK having the opportunity to even file a full EIS.

This is essentially the same things as saying this property - which was given the go-ahead by the state for mining - is now off-limits period. You could say that it was only approved for exploration, not for mining, and that is true. But what company is going to put millions of dollars into a project that they know is going to be shot down no matter what mine plan they come up with?

Clearly, the EPA has over-stepped its authority in pre-empting a decision. That is the issue that needs to be corrected. If Pebble is not going to be acceptable to the people and State of Alaska, fine, but at least let them decide. And if it's going to be blocked by politicians in Washington, it does seem there may be cause for compensation of sunk costs.

Although judging from history, good luck with that.
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