Canadian investor backs away from Alaska mine project
May 31, 2018
JUNEAU, Alaska (AP) – A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world's largest salmon fisheries in Alaska has backed away from the project.
Northern Dynasty Minerals Ltd., which is seeking to develop the Pebble Mine project in southwest Alaska, said Friday that it was unable to finalize an agreement with First Quantum Minerals Ltd., the potential investor.
It was not immediately clear what happened or what this means for the project, which has a permit application pending with the U.S. Army Corps of Engineers.