Northern Dynasty Minerals: Rises as approval for Pebble Mine likely

Northern Dynasty Minerals

21/07/2020 15:20

** Shares of diversified miner  NDM.TO  surges 9% at C$2.88 
    ** The U.S. Army Corps of Engineers is poised to give 
approval later this week to NDM's Pebble Mine in Alaska  
    ** A final environmental impact statement recommending
development of the mine will be released on Friday, said Dave
Hobbie, regulatory chief for the Army Corps's Alaska District,
in a telephone news conference on Monday  urn:newsml:reuters.com:*:nL2N2ER220
    ** The Pebble Mine, if brought online, would produce 70
million tons of gold, molybdenum and copper ore a year and
create a pit 1,970 feet deep
    ** The Obama administration had tried to block the project
over concerns it could harm the state's salmon industry
    ** Stock has risen five-fold YTD (401.8%)

 (Reporting by Shradha Singh in Bengaluru)
 ((Shradha.Singh@thomsonreuters.com; within U.S. +1 646 223 8780
Ext: 2804, outside U.S. +91 80 6182 2630;))