Alaska district of US Army Corps seeks more time to comment on Pebble mine

Northern Dynasty Minerals

26/06/2023 14:15

June 26 (Reuters) - Canada's Northern Dynasty Minerals
 NDM.TO  said on Monday the Alaska district of the U.S. Army
Corps of Engineers (USACE) has extended a deadline to comment on
future plans regarding the Pebble copper mine to June 29. 
    U.S.-listed shares rose 1.6% in premarket trading, after the
second extension of the deadline. 
    The Pacific Ocean Division of USACE in April had remanded
the permit decision for the Pebble project back to the Alaska
district to re-evaluate the permitting process for the mine. 
    Northern Dynasty Minerals, which owns the project through
its unit Pebble Partnership, had maintained the position that
the process of the final record decision for the project was not
properly followed. 
    The project has been through a roller coaster of regulations
for the past 15 years. Former U.S. President Barack Obama
opposed the project, and his successor Donald Trump ultimately
did, too, after deciding it was too risky.
    In January, the U.S. Environmental Protection Agency said it
plans to take steps to block the proposed project by preventing
Northern Dynasty from storing mine waste in the state's vast
watershed.
     
    
    

 (Reporting by Sourasis Bose in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Sourasis.Bose@thomsonreuters.com;))