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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 bulgaron Sep 30, 2003 9:13pm
142 Views
Post# 6476475

Alaska Permitting

Alaska PermittingCertain people on this BB keep stating that obtaining permitting approval in the Alaska, specifically, and the US in general is next to impossible. Yet I found this on Coeur D'Alene Mines, for their gold prospect in Alaska. It will take a very short time frame for them to obtain permits, doesn't sound so ominous to me. "The Kensington gold property, located in Southeast Alaska about 40 miles northwest of Juneau, is Coeur’s only gold development project. Kensington, Alaska We own the Kensington Property, located north of Juneau, Alaska. Optimization studies completed in 1999 and 2000 estimated cash operating costs of approximately $225 per ounce of gold to produce an average of approximately 175,000 ounces per year for an estimated mine-life of 10 years with an estimated capital cost of approximately $150 million. We are completing additional optimization work during 2003 and plan to update the feasibility study incorporating the results of the optimization work. We entered into a memorandum of understanding with state and federal environmental agencies in July 2003, which outlines the roles and responsibilities of the agencies with respect to the final environmental impact statement for Kensington estimated to be completed in January 2004. We anticipate receiving all necessary permits for Kensington by the end of January 2004, and we plan to reach a final decision on developing the mine after completion of the permitting and feasibility study.
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