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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

Post by RealityCheck123on May 20, 2024 10:16pm
94 Views
Post# 36049321

Cominco, Teck, Rio, Anglo, FM knew and many others know.

Cominco, Teck, Rio, Anglo, FM knew and many others know.

https://www.adn.com/opinions/2020/01/12/ive-worked-in-mining-for-decades-pebbles-environmental-impact-statement-is-fatally-flawed/

"In my professional opinion, the small mine being evaluated by the draft EIS is almost certainly not economically feasible, with likely financial losses in the billions of dollars. A much larger mine would almost certainly need to be constructed to attain a positive rate of return on the very large initial capital investment. The EIS thus fails to evaluate the true environmental impacts and risks associated with a viable mining project. Even a small expansion of the project to extract 20% of the ore body would almost double the size of the disturbed footprint, quadruple water quality risks and likely spread large-scale impacts into three different river drainage basins. Although such a mine expansion would need to be re-permitted, the artificial fragmentation of the full-scale mine plan would hide the full environmental harm of the project until after half of the impacts had already occurred. This is clearly unfair to the people of Alaska, who wish to make an informed decision about the relative benefits, impacts and risks of the project."

 

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