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17 Sep 2013: Major Company Backs Out
Of Pebble Mine Project in Alaska

Bristol Bay watershed
commerce.gov
Bristol Bay watershed
A major mining company has withdrawn its participation in Alaska's Pebble Mine project, dimming the controversial project's prospects of moving forward, the Anchorage Daily News reports. The British Mining giant, Anglo American, said it was pulling out of the project to focus on lower-risk mining ventures — a tacit acknowledgment that opposition among fishermen, indigenous groups, and environmentalists was making it increasingly unlikely that the Pebble Mine would receive the necessary state and federal approvals. The opposition is focused on concerns that the massive gold and copper mine would threaten Bristol Bay and endanger the world's richest wild salmon fishery. Northern Dynasty Minerals, a Canadian company, continues to back the project, but a company official said that the firm would have trouble moving forward without a partner. "In my view, it is unlikely this project will go forward to construction and operations with Northern Dynasty as the sole owner," said Northern Dynasty spokesman Sean McGee.


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