Northern Dynasty Minerals drops as unit CEO resigns after leaked tapes

Northern Dynasty Minerals

24/09/2020 14:25

** U.S.-listed shares of Canadian miner Northern Dynasty
Minerals  NAK.N  drop ~11% to $0.899 premarket; stock set to
open at its lowest since Aug. 28
    ** Co said CEO of its Pebble Limited Partnership - the
company that is trying to develop Alaska's Pebble Mine project -
resigned after his comments on elected and regulatory officials
in the U.S. state were covertly videotaped and released
 urn:newsml:reuters.com:*:nL3N2GK3ZJ
    ** Comments embellished both his and the company's
relationships with elected officials and federal representatives
in Alaska, including Governor Michael Dunleavy
    ** The video tapes come as President Donald Trump's
administration is considering whether to approve the company's
copper and gold project, which opponents say would permanently
damage Alaska's Bristol Bay watershed 
    ** Shares set for their biggest one-day drop in a month
    ** NAK has more than doubled in value this year

 (Reporting by Susan Mathew in Bengaluru;)
 ((susan.mathew@thomsonreuters.com; +91-80-6287-2704;))