National Fisherman

Anglo American, one of the key backers of the controversial Pebble mine in Alaska's Bristol Bay region, announced Monday that it is withdrawing from the Pebble Partnership -- and will take a $300 million hit for doing so. The London-based Anglo American has a 50 percent share of the Pebble venture, with Northern Dynasty Minerals out of Vancouver, Canada controlling the other half. The company said that Northern Dynasty will assume sole responsibility for the project.
 
In a statement, Anglo American CEO Mark Cutifani said that the company was seeking other investment opportunities.
 
"Despite our belief that Pebble is a deposit of rare magnitude and quality, we have taken the decision to withdraw following a thorough assessment of Anglo American’s extensive pipeline of long-dated project options," Cutifani said. "Our focus has been to prioritize capital to projects with the highest value and lowest risks within our portfolio, and reduce the capital required to sustain such projects during the pre-approval phases of development as part of a more effective, value-driven capital allocation model."
 
Read the full story at the Alaska Dispatch>>

National Fisherman Live

National Fisherman Live: 11/06/14

In this episode:

NOAA report touts 2013 landings, value increases
Panama fines GM salmon company Aquabounty
Gulf council passes Reef Fish Amendment 40
Maine elver quota cut by 2,000 pounds
Offshore mussel farm would be East Coast’s first

 

Inside the Industry

EAST SAND ISLAND, Oregon—Alexa Piggott is crawling through a dark, dusty, narrow tunnel on this 62-acre island at the mouth of the Columbia River. On the ground above her head sit thousands of seabirds. Piggott, a crew leader with Bird Research Northwest, is headed for an observation blind from which she'll be able to count them.
 
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NOAA and its fellow Natural Resource Damage Assessment trustees in the Deepwater Horizon oil spill have announced the signing of a formal Record of Decision to implement a gulf restoration plan. The 44 projects, totaling an estimated $627 million, will restore barrier islands, shorelines, dunes, underwater grasses and oyster beds.

Read more...

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