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Gold/Mining/Energy : NDM/NDMLF Northern Dynasty
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From: Savant7/12/2017 9:53:54 AM
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TORONTO -- The Environmental Protection Agency said Tuesday it is moving to withdraw proposed restrictions on the development of the Pebble mine in Alaska, owned by Vancouver-based Northern Dynasty Minerals Ltd. The move is a reversal from the agency's stance on the matter under the Obama administration, and the latest signal that EPA Administrator Scott Pruitt is following through on his promise to make his agency more friendly to business and roll back Obama-era restrictions. "The current administration at EPA is closely focused on enforcing environmental standards and permitting requirements for major development projects like Pebble in a way that is both rigorous and robust, but also consistent to provide predictability and an even-playing field for all resource developers," said Tom Collier, the chief executive of Pebble Limited Partnership, Northern Dynasty's (NDM.T) (NDM.T) wholly-owned subsidiary. The EPA in 2014 made a proposed determination to bar large-scale mining on the site, in Alaska's Bristol Bay area, because of concerns about threats to an extensive salmon spawning area. A 2014 EPA report said the Pebble mine could have "significant" adverse effects on the fisheries and the Native Alaskan communities that depend on them. An expanded version of this report appears on WSJ.com (https://www.wsj.com/articles/epa-moves-to-roll-back-proposed-restrictions-on-alaskan-mine-1499823880?mod=mktw).

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