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What others say: Pullout may stall Pebble, but site remains alluring

Posted: September 29, 2013 - 4:41pm

There can be little doubt that the controversial Pebble mine proposed for Southwest Alaska suffered a significant setback last week when one of the two partners pulled the plug on its investment.

But does that mean the end of the mega-mine project in its current form?

That answer isn’t apparent yet.

But with what is already known about the type and quantity of minerals in that specific area, it’s fair to say that some company someday will get a mine into operation out there. That entity might still be the current proponent, the Pebble Limited Partnership, which at this point consists only of Canada-based Northern Dynasty Minerals Ltd. after Monday’s announcement that Anglo American (US) Pebble LLC. was withdrawing from the project.

A statement from Anglo American’s parent company, London-based Anglo American PLC, explained the pullout as a purely business decision. The company had spent about $540 million on Pebble through June since partnering with Northern Dynasty on the Pebble project in 2007 and, according to news reports, would have been obligated to pay $1.5 billion in project costs as the project advanced through permitting and construction.(backslash)

That apparently didn’t fit into Anglo American’s plans.

Even so, Anglo American chief executive officer Mark Cutifani remarked on the Pebble potential while announcing his company’s withdrawal. He described the Pebble site as “a deposit of rare magnitude and quality...”

The proposed copper, gold and molybdenum mine is, in the words of Northern Dynasty, “one of the greatest stores of mineral wealth ever discovered.” But it has proved consistently controversial since its inception — no surprise, given that the mine site is difficult to reach and sits on and above streams that feed into the lucrative Bristol Bay fishery.

The Pebble project’s proponents have touted the economic impact that would come to the state, including the thousands of construction jobs it would be bring. Opponents worry about the impact on the fish of Bristol Bay. Those will always be the arguments with this project.

The future of Pebble isn’t clear at the moment. One thing that is clear is the minerals are there in abundance, meaning the effort to extract them likely will never die.

— Fairbanks Daily News-Miner,

Sept. 22

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JohnPeterZenger
729
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JohnPeterZenger 09/30/13 - 09:09 am
1
0
Norseman
3365
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Norseman 09/30/13 - 09:56 am
0
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NO TO PEBBLE!

NO TO PEBBLE!

Watchman on the Wall
2893
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Watchman on the Wall 09/30/13 - 04:49 pm
0
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I'd rather have one of the

I'd rather have one of the GREATEST STORES OF SALMON ANYWHERE IN THE WORLD, than have Pebble digging up minerals and risking the loss of salmon, a much GR8ER store of wealth to Alaska's people.
Thank You Very Little and please feel free to NOT come back to this supposed stalled planned for raping of Alaskans.

potomac
191
Points
potomac 10/03/13 - 09:04 am
0
0
time for legeslation forever banning Pebble mine

lets get our elected officials walk the talk and make a law forever barring mining in this area period or be voted out next election, the people have spoken, pass some laws now!

CM907
28
Points
CM907 10/03/13 - 09:46 am
0
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Yes to Pebble

It is unbelievable to me that some people are against the Pebble project. Everyone understands the importance of the salmon as an industry and a renewable resource, BUT that is no excuse to halt other avenues to create other jobs and income.

I wonder where we would be today if we didn't build the trans Alaska pipeline because we were worried about hurting the natural beauty of the land or the fish in the streams or the caribou herds. Where would we be with out the Valdez terminal or the Nikiski refinery and dock. These all operate in our salmon waters already, and with the overwhelming amount of regulations on them they don't dare cut any corners.

To say no to Pebble after the successes the mining and oil industry has had over the last hundred years is very ignorant. It's painfully obvious that these industries can coexist because they already do, all over the state.

On top of this all, the natives of the area desperately need these jobs, and from what I have seen they themselves desperately want Pebble to go through. Many have even helped with the construction of man camps and helped build roads and runways. They are on board with this project because it will better their lives, and many generations to come.

Don't fall for the commercials paid for by outside environmental groups. Your not that gullible are you?

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