Good News for Bristol Bay
The controversial Pebble Mine has suffered what could be a major setback.
On May 24, Northern Dynasty Minerals (NDM) announced that First Quantum Minerals (FQM), a Canadian mining company, will not participate in the Pebble Mine project. It had been expected that FQM would be a major financial partner potentially becoming a 50 percent owner of the proposed mine.
In their press release, NDM announced they were unable to come to an agreement on FQM joining the partnership. Negotiations appear to have stalled in April and now the agreement has been scrapped altogether.
Anglers and conservationists hailed this development as good news. Pebble Mine threatens the Bristol Bay region’s world-class wild salmon fishery and the most important sockeye salmon fishery in the world. In fact, Bristol Bay provides 40 percent of America’s wild-caught seafood. Developing a large mine in the headwaters of Bristol Bay will have catastrophic impacts to the people, the fish, and the economy of the region.
Overcoming this setback presents a significant challenge for Pebble Mine but the fight is far from over. The Pebble Partnership still has an application pending with the U.S. Army Corps of Engineers to move ahead with plans to build their massive surface mine.
To learn more about Pebble Mine and Bristol Bay, click here.