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Northern Dynasty Minerals: Compensatory Mitigation Plan for Alaska's Pebble Project submitted to US Army Corps of Engineers
VANCOUVER, BC / ACCESSWIRE / November 16, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company") announces th
About this update from Northern Dynasty Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / November 16, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) (\"Northern Dynasty\" or the \"Company\") announces that its 100%-owned US-based subsidiary Pebble Limited Partnership (the \"Pebble Partnership\") has submitted a Compensatory Mitigation Plan (\"CMP\") for the Pebble Project to the US Army Corps of Engineers (\"USACE\") ahead of the 90-day deadline that expires on November 18, 2020. Northern Dynasty and the Pebble Partnership believe the submitted CMP fully satisfies mitigation requirements for the proposed copper-gold-molybdenum-silver-rhenium mine in southwest Alaska. Following publication of a positive Final Environmental Impact Statement (\"EIS\") in July 2020, the USACE published its mitigation requirements for Pebble on August 20, 2020 and provided the Pebble Partnership with 90 days to submit a CMP to address them. Filing an approved CMP for the project is a necessary prerequisite to receiving a federal Record of Decision (\"ROD\"). \"The 'in-kind' and ‘in-watershed' requirement for mitigation the USACE established for Pebble clearly sets a high bar for offsetting project effects on wetlands and other aquatic features, but it's a challenge we have embraced and believe we can achieve,\" said Ron Thiessen, Northern Dynasty President & CEO. \"Based on the findings of the Final EIS, we already know Pebble can operate safely and reliably, while fully protecting the water, fish and wildlife resources of Bristol Bay. Meeting the USACE's challenging mitigation requirements provides even greater evidence that Pebble can and will co-exist with commercial, subsistence and sport fisheries in southwest Alaska.\" In addition to meeting the rigorous environmental standards enforced in the Clean Water Act and other US federal legislation, Thiessen said the Final EIS for Pebble indicates the project will make important, positive socioeconomic contributions to the region, the state and the nation. \"Pebble will also deliver the critical and strategic minerals the United States requires for its economic and military security,\" he said, \"while helping facilitate the transition to a ‘lower carbon future.'\" Thiessen said Pebble Partnership technical/permitting staff and expert, third-party consultants in Alaska have prepared a high-quality mitigation plan to fully satisfy the ...