This Day On The Street
Continue to site
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

Northern Dynasty Acknowledges Completion Of EPA's Flawed Bristol Bay Watershed Assessment

VANCOUVER, Jan. 15, 2014 /PRNewswire/ - Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE MKT: NAK) ("Northern Dynasty" or the "Company") acknowledges that the US Environmental Protection Agency (EPA) today released the final version of its Bristol Bay Watershed Assessment (BBWA), an initiative launched in February 2011 to assess the effects of current and potential future development on the natural resources of Bristol Bay.

EPA released drafts of the watershed assessment in May 2012 and April 2013 to widespread criticism about the report's flawed methodology and findings, including from the State of Alaska, Alaska Native groups and expert Peer Reviewers commissioned by the federal agency. Throughout the process of completing the BBWA, EPA has repeatedly failed to meet its own guidelines and policies for watershed assessments, risk assessment and peer review, and violated the US Information Quality Act.

"Publication of the final watershed assessment is really the final chapter in a very sad story," said Northern Dynasty President & CEO Ron Thiessen. "We believe EPA set out to do a flawed analysis of the Pebble Project, and they certainly succeeded with both their first and second drafts of the BBWA. We have every expectation that the final report released today is more of the same."

Thiessen said the final BBWA report does not include any recommendations or regulatory actions that will affect future development of the Pebble Project.

"We look forward to defining a proposed development plan for Pebble and to having it reviewed by federal and state regulatory agencies under the National Environmental Policy Act (NEPA) in the months and years ahead," Thiessen said. "We have every expectation that the Environmental Impact Statement (EIS) process required by NEPA, to be administered by the US Army Corps of Engineers, will ultimately provide a much more rigorous, fair and transparent review of the science surrounding this important project."

1 of 2

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs