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Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)

 
AKObserver

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09/17/2013 10:25 AM

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Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)
Anglo American realized it only after spending $541 million trying to develop Pebble Mine. Great news for Salmon lovers

Anglo American Dumps the Pebble Mine

Yesterday Anglo American, a 50 percent partner in the Pebble Limited Partnership, announced that it is withdrawing from Pebble Mine, a giant gold and copper mine proposed at the headwaters of Bristol Bay, Alaska. The London-based mining giant finally recognized what Alaska Natives, Bristol Bay residents, commercial fishermen, sportsmen, lodge owners, chefs, jewelers, EPA scientists, NRDC and others have been saying for years: Pebble Mine poses too great of a risk.

There is no question that Pebble Mine is a bad investment, replete with environmental, economic, operational, reputational, social, regulatory, and legal risks. Mitsubishi Corporation realized it in 2011 when it sold 100% of its interest in the Pebble project. Anglo American realized it only after spending $541 million trying to develop Pebble Mine.

Proposed at the headwaters of the world's greatest wild salmon fishery, Pebble Mine would threaten the region's internationally renowned salmon runs. Salmon are the economic, cultural, and ecological linchpin of the region, supporting a $1.5 billion annual commercial fishery that employ 14,000 workers. Salmon also sustain the culture, tradition, and spirituality of native communities that have relied on subsistence fishing for thousands of years, and they are food to a vast array of wildlife, including bears, eagles, seals and whales.
[link to www.huffingtonpost.com]

Here's what's at stake
AKObserver (OP)

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09/17/2013 10:33 AM

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Re: Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)
Help urge EPA to protect Bristol Bay.

TELL EPA TO ACT ON ITS FINDINGS AND REJECT THE PEBBLE MINE!

The EPA has just confirmed — once again — that large-scale mining in Alaska’s Bristol Bay watershed would endanger its pristine environment, legendary salmon runs and Native communities. Tell EPA Administrator Gina McCarthy to exercise her agency’s authority under the Clean Water Act to protect Bristol Bay by stopping the Pebble Mine!
[link to secure.nrdconline.org (secure)]
grumpier

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09/17/2013 10:46 AM

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Re: Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)
Finally some good news!!!

THANKS

5abumpbumpbumppeace
In chat: grumpy
AKObserver (OP)

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09/17/2013 10:56 AM

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Re: Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)
Finally some good news!!!

THANKS

5abumpbumpbumppeace
 Quoting: grumpier


Thank You hugs
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AKObserver (OP)

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09/17/2013 10:40 PM

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Re: Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)
Northern Dynasty's Stock is tanking!

Northern Dynasty Minerals, now the sole owner of the project, immediately issued a press release reassuring anyone who will listen that plans to build Pebble Mine will move forward: "Northern Dynasty will again own 100% of one of the world's most important copper & gold resources and will have the benefit of $541 million worth of expenditures, which opens the door to a number of exciting possibilities for Northern Dynasty and its shareholders and the Pebble Project and its stakeholders. Northern Dynasty and the Pebble Partnership have both the expertise and resources necessary to advance the Pebble Project."

Notably, Rio Tinto owns almost 20% of Northern Dynasty’s interest in Pebble Mine.

Despite its attempt to portray a silver lining, Northern Dynasty Minerals’ stock plummeted approximately 30% today alone, following a 90% fall beginning in early 2011. If a picture is worth a thousand words, then this 5-day chart of Northern Dynasty’s stock prices says it all:

NAK:NYSE MKT LLC

As of close Monday, 09/16/2013

-0.64 (-30.04%)


Anglo’s announcement comes at the same time groups opposed to Pebble Mine are celebrating the significant public opposition to the mine. An analysis of 895,195 public comments submitted to EPA regarding its Bristol Bay Watershed Assessment found that 73 percent of all comments were supportive of EPA protecting Bristol Bay, including 84 percent of individual comments from Alaska and a staggering 98 percent of individual comments from Bristol Bay residents. EPA issued a revised draft Bristol Bay Watershed Assessment earlier this year concluding that Pebble Mine would have “significant” and even “catastrophic” impacts – including the certain dewatering, destruction, and pollution of the Bristol Bay watershed. EPA Administrator Gina McCarthy visited the Bristol Bay region last month in order to learn more about Pebble Mine, where she heard a unanimous request from a capacity crowd in Dillingham, Alaska to stop the Pebble Mine.

While today’s announcement is a positive development, the fight to stop Pebble Mine must continue and, if possible, intensify. With Northern Dynasty Minerals’ bulldozing ahead with plans for Pebble Mine, it remains critically important for EPA to take action under the Clean Water Act to permanently protect the fishery and water resources of Bristol Bay – and the economic, environmental subsistence values that depend on those resources
[link to switchboard.nrdc.org]
urge the EPA to protect Bristol Bay.
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AKObserver (OP)

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09/30/2013 05:34 PM

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Re: Anglo American Dumps the Pebble Mine finally recognized Pebble Mine poses too great of a risk to Alaska's Bristol Bay Treasures (video)
Why Miners Walked Away From the Planet's Richest Undeveloped Gold Deposit
To the energetic opponents of the mine, and they are not scarce, the greatest risk remains the one posed by the Pebble Mine to the salmon fisheries in Alaska’s Bristol Bay, as well as to the overwhelmingly Native American communities that harvest the fish. Close to one-half of the world’s sockeye salmon spawn in the watersheds downstream from the mine site. Could it be that Anglo American believes the Environmental Protection Agency will block the mine? (Under the Clean Water Act, the agency has the authority to veto the mine on environmental grounds.) Certainly the agency’s most recent watershed assessment (PDF) suggests it might. And what of the No Dirty Gold campaign, in which more than 50 gold buyers and retailers, including Zale (ZLC), Wal-Mart (WMT), QVC (LINTA), and Balfour (the graduation ring company), signed a pledge not to buy gold from the Pebble Mine? Is “dirty gold” becoming the new conflict diamond?
[link to finance.yahoo.com]

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