Pebble Mine Partnership 'dismayed' by permit rejection, vows appeal

Northern Dynasty Minerals

25/11/2020 18:27

Nov 25 (Reuters) - The company trying to develop Alaska's
Pebble Mine project on Wednesday said it was "dismayed" by a
U.S. government decision to reject the permit for the
contentious project and vowed to lodge an appeal.
    The Pebble Mine would produce 70 million tons of gold,
molybdenum and copper ore a year and create a pit 1,970 feet
(600 meters) deep in Alaska’s Bristol Bay watershed.
     Shares in Canadian parent company Northern Dynasty Minerals
 NDM.TO  had earlier lost about 50% of their value. 

 (Reporting by Jeff Lewis
Editing by Chris Reese)
 ((Jeff.Lewis@thomsonreuters.com; +1 647 200 7236))