Former Rio Tinto permitting expert concludes that proposed mine is “almost certainly not economically feasible,” with an estimated strongly negative net present value of -$3 billion. Why has the Pebble Partnership (“Pebble”) so stubbornly refused to provide a financial assessment in support of its permit application for the embattled mine it proposes to build […]
(Juneau, Alaska)—News broke Thursday that Brazil’s mining agency plans to ban upstream tailings dams used for storing mining waste, after Vale SA Corrego do Feijao mine’s dam burst on January 25, 2019. More than 150 people were killed in this disaster, and hundreds more are still missing, and presumed dead. This catastrophic mine failure […]
An assessment released on Tuesday by hedge fund manager, Kerrisdale Capital Management concerning the proposed Pebble Mine prompted a response by the United Tribes of Bristol Bay later in the day. According to the assessment of the controversial mine, KCM said in a release that the former partners of Pebble had “concluded that the Pebble […]
The Bristol Bay Native Corporation Education Foundation announced on Friday that it had completed the sale of all of its shares of Northern Dynasty Minerals Ltd stock that it had received as a donation from Rio TInto. The Foundation realized net proceeds from the sale in the amount of $6.48 million. That money will be […]