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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 Shaolong78on Feb 25, 2017 8:12pm
305 Views
Post# 25894317

RE:RE:The New Sustainable Alaska Plan

RE:RE:The New Sustainable Alaska PlanYou and the opponents of the mine are basing this on the belief that mining and fisheries can NEVER co-exist. Of which there is no proof. Unless you can show an environmental study of this particular situation, showing that pebble would likely destroy the fisheries in Bristol Bay, then all you have is a guess.

I'm sure there are examples of mines that polluted surrounding waters, but I'm sure there are more examples of ones that didn't. Basing your belief on mining disasters elsewhere would be like saying because fukushima happened, then all future nuclear power plants should be banned. But the truth is, there are hundreds of nuclear power plants all operating safely. In fact, one nuclear plant that was much closer to the centre of the tsunami suffered no damage at all. And you can bet pebble will be built with the utmost care to no damage nearby waters. Because that has been the biggest hurdle and nothing else could shut the mine down faster.

If you were the management at NAK, would you spend over a decade of your time and billions of dollars to build a mine and be careless enough to let it pollute nearby waters when you know all your enemies are waiting to pounce on that? No you wouldn't, you would make sure it doesn't happen!



calenderj wrote: No one knows which direction this project will ultimately take.It is definitely the most interesting project in North America,just based on the sheer size and potential.
But,don't overestimate its importance to the State,unless they change the income tax laws for mining corporations.
Local economies would be the beneficiaries of any activity from a local mine.
Since the local economy is that of Bristol Bay,and the fishing industry pays a higher State tax rate than any mining activity would,and Bristol Bay is a fishing town,not a mining one,which way do you ultimately think the State will have to lean?



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