Northern Dynasty reports Anglo American withdraws from Pebble Project

theflyonthewall.com

Northern Dynasty (NAK) reports that Anglo American Pebble, a wholly owned U.S. subsidiary of Anglo American (AAUKY), has given notice under the Pebble limited partnership agreement that it is withdrawing from the Pebble copper project in Alaska. As of June 30, AA Pebble has funded $541M of expenditure on the Pebble Project. Following the AA Pebble withdrawal, PLP will proceed under the sole ownership of Northern Dynasty. In light of the parties' shared desire to ensure an orderly exit, the detailed aspects of AA Pebble's withdrawal from the Pebble project are being developed and implemented.

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