National Fisherman

Bad to very much worse. That sums up the lack of progress in 2013 for the massive Pebble Mine, proposed by a diminishing consortium of foreign mining companies for the headwaters of the Bristol Bay wild salmon fishery in southwest Alaska.
 
Coming off a disappointing 2012, the Pebble Limited Partnership and its uniquely reckless project hit the rocks repeatedly in 2013. As one investment commentator summed it up for Motley Fool, the 100 percent owner of the Pebble project, Northern Dynasty Minerals, ends the year with "one foot in the grave" -- maybe "dead and about to be buried."
 
As in 2012, no permit application was filed. In July, Senator Lisa Murkowski (R-Alaska) called on the Pebble Partnership to release their plans and expressed her growing impatience, citing public "anxiety, frustration, and confusion" resulting from the Pebble Partnership's lack of discernible progress.
 
In no particular order, these 10 2013 highlights tell the story:
 
In September, mining giant Anglo American -- the 50 percent owner of the Pebble project -- withdrew, walking away from over $540 million invested and a $1.5 billion commitment. Anglo followed Mitsubishi Corporation, which ended its participation in 2011.
 
The stock value of the remaining owner of the project -- small Canadian mining company Northern Dynasty Minerals (NDM) -- dropped sharply again, and it ended the year at1.31 per share -- an over 90 percent drop from its 21.02 a share high in January 2011 and down from 3.90 just one year ago. It committed to recruit another major mining company partner -- and specifically mentioned its 19 percent shareholder Rio Tinto as a candidate -- but NDM ended the year still looking. Notably, NDM's search for a buyer of its own interest in Pebble -- announced in 2011 -- got no takers.
 
Read the full story at the Huffington Post>>

National Fisherman Live

National Fisherman Live: 3/10/15

In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.

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

Alaska Gov. Bill Walker is required by state statute to appoint someone to the Board of Fisheries by today, Tuesday, May 19. However, his efforts to fill the seat have gone unfulfilled since he took office in January. The seven-member board serves as an in-state fishery management council for fisheries in state waters.

The resignation of Walker’s director of Boards and Commissions, Karen Gillis, fanned the flames of controversy late last week.

Read more...

Keith Decker, president and COO of High Liner Foods, will take over for the outgoing CEO, Harry Demone, who will assume the role as chairman of the board of directors. The Lunenburg, Nova Scotia-based seafood supplier boasts sales in excess of $310 million (American) for the first quarter of the year.

Read more...
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