December 18, 2017 / 12:03 PM / in 10 months

BUZZ-Northern Dynasty: First Quantum Minerals buys option for stake in Pebble project

** Canadian miner’s U.S.-listed shares up 17.6 pct at $2.54 premarket

** Company says rival First Quantum Minerals acquires option to buy half of co’s Pebble copper-gold project in Alaska for $1.50 bln

** Under agreement, First Quantum can make option payment of $150 mln over 4 years to buy right to earn 50 pct interest in Pebble Ltd Partnership for $1.35 bln

** The Pebble project is one of the world’s biggest undeveloped copper and gold deposits

** Stock up 4.4 pct YTD (Reporting by Amy Caren Daniel in Bengaluru)

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