This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Northern Dynasty Comments At Public Hearings On The EPA's Draft Bristol Bay Watershed Assessment Report

VANCOUVER, May 31, 2012 /PRNewswire/ - Northern Dynasty Minerals Ltd. ("Northern Dynasty" or the "Company") (TSX: NDM; NYSE Amex: NAK) made a presentation today at the public hearings in Seattle, Washington regarding the draft Bristol Bay Watershed Assessment report released by the U.S. Environmental Protection Agency (EPA) on May 18, 2012.

The complete text of the presentation by Sean Magee, Northern Dynasty's Vice President, Public Affairs, is provided below:

Good afternoon.

My name is Sean Magee, and I'm here today on behalf of Northern Dynasty Minerals - a 50% owner of the Pebble Project.

I am also here to represent our shareholders, some three-quarters of whom are residents of the United States.

I'd like to begin by saying that when we first learned the EPA had initiated the Bristol Bay Watershed Assessment, we welcomed it.

We welcomed it because, in launching the assessment, the EPA had rejected the idea of pre-emptively vetoing the Pebble Project because there existed insufficient information to do so. We agreed with that conclusion then and we agree with it today.

However, we also felt the Watershed Assessment presented a unique opportunity to inject some science into what has become an extremely volatile, politicized and emotional debate.

We felt that if the EPA could apply its experience and good objective science, then the Watershed Assessment would surely present a more realistic view of the potential effects of mine development in southwest Alaska. We believed it would more realistically frame the issues of risk and reward, and correct the popular myth that a modern mine occupying less than one-twentieth of 1% of the land base, within a 400 square mile area that produces just one half of 1% of Bristol Bay sockeye salmon, could somehow wipe out an entire fishery.

That would have been a positive contribution to the public discussion around Pebble. It would have eliminated the extremes of rhetoric that have characterized this debate for years, and helped prepare stakeholders for the federal and state permitting process to come.

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs