https://www.miningweekly.com

Earthworks calls for investigation into Northern Dynasty over Pebble mine

29th April 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

The Justice and Corporate Accountability Project (JCAP), on behalf of Earthworks, will this week file a request for a compliance investigation into TSX- and NYSE-listed Northern Dynasty Minerals.

The complainants will raise serious issues concerning alleged “misleading claims” with the British Columbia Securities Commission and the US Securities and Exchange Commission.

According to a statement issued by Earthworks, the complainants will show that Northern Dynasty was allegedly misleading investors in four major ways concerning the proposed Pebble gold/copper/molybdenum mine, in Bristol Bay, Alaska.

The environmental organisation explained that the 20-year-old Pebble mine plan was controversial because it is located at the headwaters of Alaska’s Bristol Bay watershed, which produces roughly half of the world’s supply of wild sockeye salmon.

The draft environmental-impact statement for the mine allegedly estimated that more than 70 miles of rivers and streams would be permanently lost and the resulting openpit would contain more contaminated water (estimated at 61-billion gallons) than the Berkeley Pit (estimated at 50-billion gallons) – which is one of the largest superfund sites in the US.

Superfund sites are polluted locations requiring a long-term response to clean up hazardous material contaminations.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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