NAK - Supreme Court Shuts Down Alaskan Pebble Mine Ambitions | Benzinga
The U.S. Supreme Court has shut down Alaska’s ambition for the Pebble mine due to pollution concerns.
What Happened: The largest North American copper, gold, and molybdenum extraction site has faced nearly two decades of opposition.
Northern Dynasty Minerals (TSX:NDM, NYSE:NAK) argued that the proposed mine could provide employment opportunities for thousands of Alaskans. The Vancouver, Canada-based company insisted that the mine would yield substantial resources over a 20-year lifespan, including:
- 6.4 billion pounds of copper
- 7.4 million ounces of gold
- 300 million pounds of molybdenum
- 37 million ounces of silver and
- 200,000 kilograms of rhenium.
Northern Dynasty also intended to store mine waste in the Bristol Bay watershed — home to the world’s ...