National Fisherman

The chief financial officers of New York City and the state of California have asked Rio Tinto plc to sell its shares of the company behind the proposed Pebble Mine project in southwest Alaska.
 
New York City Comptroller John Liu and California State Controller John Chiang said they oversee pension funds that are substantial, long-term shareowners in London-based Rio Tinto. The company owns a 19 percent share of Northern Dynasty Minerals Ltd., which recently assumed full ownership of the mine project.
 
The financial officers, in a letter dated Thursday to Rio Tinto CEO Sam Walsh, said they found the company’s response to their concerns about the project’s possible legal and regulatory risks perfunctory. They also said there were risks to Rio Tinto’s reputation for being associated with Pebble, a massive gold-and-copper prospect near the headwaters of a world-premier salmon fishery in Alaska’s Bristol Bay region.
 
They said they believed those risks outweighed the market value of Rio Tinto’s shares in Northern Dynasty.
 
Read the full story at the Juneau Empire>>

National Fisherman Live

Brian Rothschild of the Center for Sustainable Fisheries on revisions to the Magnuson-Stevens Act.

National Fisherman Live: 4/8/14

Inside the Industry

The South Atlantic Fishery Management Council is currently soliciting applicants for open advisory panel seats as well as applications from scientists interested in serving on its Scientific and Statistical Committee.

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The North Carolina Fisheries Association (NCFA), a nonprofit trade association representing commercial fishermen, seafood dealers and processors, recently announced a new leadership team. Incorporated in 1952, its administrative office is in Bayboro, N.C.

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