January 29, 2018 / 11:51 AM / a year ago

BUZZ-Northern Dynasty Minerals: U.S. EPA maintains restriction on Alaska mine project

** Canadian miner’s U.S.-listed shares fall 21.6 pct to $1.20 before the bell

** On Saturday, the U.S. Environmental Protection Agency said it maintained restrictions on the proposed Pebble copper and gold mine project in southwest Alaska’s Bristol Bay region

** Pebble mine is the world’s biggest undeveloped gold and copper project located in the world’s largest sockeye salmon fishery and has drawn opposition from environmentalists, some native groups and sport fishermen

** Northern Dynasty said it filed its first application for a permit for the widely opposed project in salmon-rich southwestern Alaska on Dec. 21

** On Dec. 18, rival First Quantum Minerals acquired option to buy half of co’s Pebble mine project for $1.50 bln

** U.S.-listed shares of Northern Dynasty fell nearly 15 pct in 2017 and ~14 pct YTD (Reporting by Shreyashi Sanyal in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below