National Fisherman


The global mining firm Rio Tinto announced Monday that it will divest its 19 percent stake in the controversial Pebble Mine project in Alaska,  donating its shares to two state charities.
 
The decision is the latest blow to the proposed gold, copper and molybdenum mine, which is under federal scrutiny for how it could affect the nearby Bristol Bay watershed, which supports nearly half the world’s sockeye salmon. In late February the Environmental Protection Agency announced it would invoke its authority under the Clean Water Act and consider blocking the mine, effectively halting the project.
 
Rio Tinto Copper chief executive Jean-Sebastien Jacques, whose company started reviewing its investment in the Pebble Partnership in December, said it would donate its investment in Northern Dynasty Minerals to the Alaska Community Foundation and the Bristol Bay Native Corporation Education Foundation.
 
Jacques said his company continues "to see Alaska as an attractive location for potential future investment," adding that by divvying up the shares it will guarantee "that Alaskans will have a say in Pebble's future development and that any economic benefit supports Alaska's ability to attract investment that creates jobs."
 
Read the full story at the Washington Post>>

Inside the Industry

The Downeast Salmon Federation has received a major grant from the U.S. Endowment for Forestry and Communities to ensure and improve the water quality of eastern Maine’s most important rivers, according to the Ellsworth American.

Read more...

Louisiana crab fishermen and their catch are feeling the pressure of a downturn in the state economy, and a resulting upturn of people entering the fishery.

“It’s a crazy business right now,” said Pete Gerica, the New Orleans fisherman who now serves as president or the Louisiana Crab Task Force, a legislatively-created board of industry voices that makes recommendations to state government.

Read more...

Try a FREE issue of National Fisherman

Fill out this order form, If you like the magazine, get the rest of the year for just $14.95 (12 issues in all). If not, simply write cancel on the bill, return it, and owe nothing.

First Name
Last Name
Address
Country
U.S. Canada Other

City
State/Province
Postal/ Zip Code
Email