This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

EPA: Alaska Mine Project Could Hurt Salmon Streams

By BECKY BOHRER

JUNEAU, Alaska (AP) â¿¿ Build-out of a large-scale mine near the headwaters of a world-class salmon fishery in Alaska could wipe out as many as 90 miles of streams and alter stream flows, the U.S. Environmental Protection Agency said in a revised assessment released Friday.

The report said mining activity would claim at least 24 miles of streams in the Bristol Bay region, based on the scenarios evaluated, with the loss of wetlands ranging from 1,200 to 4,800 acres.

The EPA focused on the Pebble deposit and took into account information related to the proposed Pebble Mine but also noted the potential for multiple mines in the region, given the resource base, which it said would lead to further elimination or blocking of streams and wetland losses.

EPA initiated the review process in response to concerns raised by tribes and others about the impact large-scale mining could have on Bristol Bay fisheries. Critics of the EPA review â¿¿ including the Pebble Limited Partnership, the group behind the proposed Pebble Mine â¿¿ fear it could lead to the agency vetoing mining activity in the region.

Pebble Partnership CEO John Shively said the review was unnecessary, flawed and "consistent with the demands of those who want to deny the Pebble Partnership the right to submit a permit application."

The Alaska Department of Law also issued a statement.

"We believe the assessment is premature, as well as any action EPA might take based upon it," the state agency said. "Any consideration of impacts should be made within the context of an actual proposal and a Clean Water Act Section 404 permit application."

The Pebble Partnership has called the mine deposit one of the largest of its kind in the world, with the potential of producing 80.6 billion pounds of copper, 107.4 million ounces of gold and 5.6 billion pounds of molybdenum over decades.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,074.42 -128.95 -0.71%
S&P 500 2,094.94 -12.84 -0.61%
NASDAQ 4,961.5720 -18.3290 -0.37%

Partners Compare Online Brokers

Free Reports

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