https://www.miningweekly.com
Copper|Gold|PROJECT|Resources|Environmental
Copper|Gold|PROJECT|Resources|Environmental
copper|gold|project|resources|environmental

Northern Dynasty shares surge on Alaska voting

8th November 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The share price of Pebble project developer Northern Dynasty surged as much as 56% on Wednesday, after Alaska voters elected Mike Dunleavy new governor.

Republican Dunleavy defeated Democrat Mark Begich – who is opposed to the development of the Pebble mine – in what was originally a three-way race with independent Bill Walker.

Northern Dynasty noted that Dunleavy was a strong proponent of encouraging investment and responsible development of natural resources.

Alaska voters also rejected Ballot Measure 1, known as the Stand For Salmon initiative, which would have re-written the state's regulatory framework and habitat protections for anadramous fish, and was positioned by its supporters as a vote against the Pebble project.

The Pebble mine, said to be the world’s biggest undeveloped gold and copper project, is currently advancing through the federal permitting process. The US Army Corps of Engineers is preparing an environmental review of the mine, with preliminary results expected in January.            

Northern Dynasty traded at a high of C$0.84 on Wednesday and closed at C$0.71 a share, up 34% on the previous day’s closing price of C$0.53 a share.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.102 0.138s - 114pq - 2rq
Subscribe Now