Business
Northern Dynasty Minerals: Alaska’s Pebble Project has Potential to Become One of America’s Leading Metals Producers
VANCOUVER, BC / ACCESSWIRE / July 21, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") reports that its
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / July 21, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") reports that its 100%-owned US-based subsidiary Pebble Limited Partnership (the \"Pebble Partnership\") released a public statement today commenting on future production potential from the proposed Pebble mine project, noting it is poised to become one of the leading metals producers in the United States. The Pebble Partnership release states: \"With a Final Environmental Impact Statement (EIS) and Record of Decision (ROD) for the proposed Pebble copper-gold-molybdenum mine project in southwest Alaska expected this summer, Pebble Partnership CEO Tom Collier noted it appears more and more likely that Alaska could become home to another significant metals producer. \"The lead federal regulator for the Pebble Project, the U.S. Army Corps of Engineers (USACE), has signaled its intent to publish a Final EIS on July 24 and a ROD shortly thereafter. Pebble's Collier said the Draft EIS published by the USACE last year, and subsequent contributions from the U.S. Environmental Protection Agency, U.S. Fish & Wildlife Service, the State of Alaska, tribal entities and other cooperating agencies, point toward a positive outcome for the federal permitting process. \"'We have reason to believe that Pebble will be judged to be a project of merit, and will receive its key federal permits under the Clean Water Act and River & Harbors Act this summer,' he said. \"The next steps facing the company and the project will be to secure a major funding partner and acquire the state permits necessary to take Pebble into production.' \"State permitting for Pebble is expected to take 2 - 3 years to complete, followed by a four-year construction phase. Once operating, Pebble will be among the leading metals producers in the United States. As described in the Project Description1, each year during 20 years of production the proposed Pebble mine would produce mineral concentrates containing, on average: 318 million lb copper; 362,000 oz gold; 14 million lb molybdenum; and 1.8 million oz of silver. \"Collier said Pebble has the potential to be the third largest copper producer in the United States (producing ~12% of US output annually) and the fourth largest gold producer (producing ~6% of US output each yea...