However, it appears this report may violate the Data Quality Act and other guidelines provided by the federal Office of Management and Budget to ensure that government agencies "maximize the quality, objectivity, utility and integrity" of the information they create, collect and disseminate.
As it stands today, we believe this report is a seriously flawed document that sheds far more heat than light on the potential effects and opportunities associated with modern mine development in southwest Alaska.
We strongly encourage the EPA to slow down this process…to provide for longer and more meaningful public review …and to commit to using the best science available to assess the risks and opportunities associated with Pebble, rather than rushing ahead with a study that is premature and fails to meet government's own standards for "good science' in the public interest.
Northern Dynasty will participate fully in the upcoming public and peer review processes in an effort to contribute to a final Watershed Assessment report that is fair, objective and science-based.Ultimately though, we have every confidence that the Pebble Project will be assessed by federal and state agencies - including the EPA - under NEPA. That is as it should be, and we look forward to the opportunity for the Pebble Partnership to present its proposed development plan, its mitigation strategies and science within a process that is both rigorous and demanding, but also fair and objective. Thank you for your attention today. About the Pebble Project The Pebble Project is an initiative of the Pebble Partnership to responsibly develop a globally significant copper, gold and molybdenum deposit in southwest Alaska into a modern, long-life mine. The project is located 200 miles southwest of Anchorage on state land designated through two public land use planning exercises for mineral exploration and development. It is situated approximately 1,000 feet above sea-level, 65 miles from tidewater on Cook Inlet and presents favourable conditions for successful mine site and infrastructure development. The Pebble Project consists of the Pebble deposit, surrounding mineral claims and a stream of financing being provided by Northern Dynasty's project partner Anglo American US (Pebble) LLC. The Pebble 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. Both Northern Dynasty and Anglo American have equal ownership and direction of the Pebble Partnership. Under the terms of the Pebble Limited Partnership Agreement, Anglo American is required to elect to commit $1.5 billion in staged investments in order to retain its 50% interest in the Pebble Project. Funds provided by Anglo American are currently being invested in comprehensive exploration, engineering, environmental and socioeconomic programs toward the future development of the Pebble Project. About Northern Dynasty Northern Dynasty Minerals Ltd. is a mineral exploration and development company based in Vancouver, Canada, which holds indirect interests in 650 square miles of mineral claims in southwest Alaska, USA. Northern Dynasty's principal asset is a 50% interest in the Pebble Partnership, owner of the Pebble Copper-Gold-Molybdenum Project. The Pebble Project is an advanced-stage initiative to develop one of the most important mineral resources in the world. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov. Ronald W. Thiessen President & CEO Sole Responsibility No regulatory authority accepts responsibility for the adequacy or accuracy of this release. Northern Dynasty is solely and entirely responsible for the contents of this news release. No other party, including any parties which have an interest in the project, are in any way responsible for the contents hereof.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV