National Fisherman

The Pebble Partnership plans to spend $80 million this year on advancing its proposed mine in Alaska's Bristol Bay.

The proposed Pebble Mine, 200 miles southwest of Anchorage, is estimated to hold 81 billion pounds of copper, 107 million ounces of gold and 5 billion pounds of molybdenum, and is said to be one of the largest such deposits in the world. However, the location of the proposed massive open-pit mine — near the breeding grounds of the fertile Bristol Bay salmon fishery — has led to intense scrutiny by opponents of the mine who say it would damage salmon streams that are important both commercially and culturally to the region.

The Pebble Partnership is 50-50 venture between global mining companies Anglo American and Northern Dynasty. Last year, the Pebble Partnership spent $107 million on preparing the permit application for the proposed mine. To date, the partnership has spent $680 million steering the project toward development.

The $80 million spent this year will come from Anglo American, due to the way the joint venture is structured, said Mike Heatwole, Pebble Partnership spokesperson. This year's funds will be spent with the goal of developing an overall project description and toward initiating the National Environmental Policy Act (NEPA) permit process.

NEPA permitting represents "the very beginning" of a years-long quest to collect more than 60 permits and approvals from various federal and state agencies, all required before the mine can proceed, Heatwole said.

Read the full story at the Alaska Dispatch>>

National Fisherman Live

National Fisherman Live: 2/26/15

In this episode, National Fisherman's Online Editor Leslie Taylor speaks with Rick Constantine, vice president of marketing, Acme United Corporation, about Cuda corrosion resistant knives.

National Fisherman Live: 2/24/15

In this episode:

March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received

Inside the Industry

Today Sen. Lisa Murkowski (R-AK) introduced legislation to extend a permanent exemption for incidental runoff from small commercial fishing boats.

Read more...

The National Working Waterfront Network is now accepting abstracts and session proposals for the next National Working Waterfronts & Waterways Symposium, taking place Nov. 16-19 in Tampa, Fla. The deadline is Tax Day, April 15.

Read more...
Try a FREE issue of National Fisherman

Fill out this order form, If you like the magazine, get the rest of the year for just $14.95 (12 issues in all). If not, simply write cancel on the bill, return it, and owe nothing.

First Name
Last Name
Address
Country
U.S. Canada Other

City
State/Province
Postal/ Zip Code
Email