Northern Dynasty: Rises as co expects federal permits for Pebble mine

Northern Dynasty Minerals

21/07/2020 20:57

(Updates with company statement, shares)
    ** Shares of diversified miner  NDM.TO  surges 10.2% to
C$2.91
    ** NDM says it has reason to believe that Alaska's Pebble
mine will be judged to be a project of merit by U.S. Army Corps
of Engineers, and will receive its key federal permits
 urn:newsml:reuters.com:*:nNDL51W8cT
    ** A final environmental impact statement recommending
development of the mine will be released on Friday, regulatory
chief for the Army Corps's Alaska District said 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 over five-fold YTD 

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