National Fisherman


Far removed from the hustle and bustle of modern society lies one of America's most hotly contested mining projects. The proposed Pebble Mine in the Bristol Bay region of Southwest Alaska is thought to hold more than $300 billion in precious metal deposits including copper, gold and molybdenum. That's huge: An operational mine there would boost overall U.S. copper production by 20 percent.
 
The problem is that those riches are located right at the headwaters of the rivers flowing into the world's most productive salmon fishery.
 
It's this crossroad between the environment and commerce that has sparked a fierce debate that has caused one of the proposed mine's main investors to back out of the project.
 
A Mine-Blowing Decision
 
Bowing to pressure as well as its own financial issues, London-based Anglo American has decided to walk away from the project. With that decision, the company is leaving behind the more than half a billion dollars it had already sunk into the mine's development. Not only that, but it's walking away from a mining deposit of "rare magnitude and quality," according to CEO Mark Cutifani.
 
It's a big blow to the mine's future, as Anglo American had owned 50 percent of the project and was its main financial backer, with the much smaller Vancouver-based Northern Dynasty Minerals owning the other half of the project.
 
Read the full story at Daily Finance>>

Inside the Industry

NOAA recently published a proposed rule that would implement a traceability plan to help combat IUU fishing. The program would seek to trace the origins of imported seafood by setting up reporting and filing procedures for products entering the U.S.

The traceability program would collect data on harvest, landing, and chain of custody of fish and fish products that have been identified as particularly vulnerable to IUU fishing and fraud.

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The following was released by the Maine Department of Marine Resources on Jan. 22:

The Maine Department of Marine Resources announced an emergency regulation that will support the continued rebuilding effort in Maine’s scallop fishery. The rule, effective January 23, 2016, will close the Muscle Ridge Area near South Thomaston and the Western Penobscot Bay Area.

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