“By virtually any measure – volumes and grade, continuity of mineralization, resource confidence, potential for expansion – Pebble must be considered among the most important mineral deposits in the world,” said Northern Dynasty President and CEO Ron Thiessen.
“A modern, long-life mine at Pebble could produce one-quarter of America’s domestic copper supply for 50-plus years, along with substantial volumes of gold, molybdenum and potentially other metals such as silver, rhenium and palladium. Along the way, it would generate thousands of jobs and hundreds of millions of dollars in annual economic activity for the people and communities of Alaska.”
The Pebble Limited Partnership was established in July 2007 as a 50:50 partnership between a wholly-owned affiliate of Northern Dynasty and a wholly-owned subsidiary of Anglo American plc. Under the terms of the agreement, Anglo American funds $1.425 to $1.5 billion of project costs to acquire a 50% interest, including expenditures of US$180 million in 2007/2008. The Pebble Partnership is currently preparing a Prefeasibility Study for the Pebble Project, and is expected to enter the federal and state permitting process under the National Environmental Policy Act (NEPA) in 2010.
The Mining News is a good resource to research proposed projects and areas at risk, or not at risk depending upon who’s ox is getting gored I spose. So the permitting process is the next big step while hundreds of test holes are being drilled now. My novice question is…can the Feds force this issue (Obama, Browner, Salazar) re State Lands? Maybe someone more knowledgeable than I can answer that??