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>>

Inside the Industry

Ray Hilborn, a University of Washington professor of aquatic and fishery sciences, recently received the 2016 International Fisheries Science Prize at the World Fisheries Congress in Busan, South Korea.

The award was given to Hilborn by the World Council of Fisheries Societies’ International Fisheries Science Prize Committee in recognition of his 40-year career of “highly diversified research and publication in support of global fisheries science and conservation.”

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Legislators from Connecticut and Massachusetts complained about the current “out-of-date allocation formula” in black sea bass, summer flounder and scup fisheries in a letter to the U.S. Department of Commerce earlier this week.

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