|Bid||0.59 x 0|
|Ask||0.65 x 0|
|Day's Range||0.58 - 0.69|
|52 Week Range||0.58 - 2.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A Canadian company that was courted as a potential partner in a proposed copper-and-gold mine near one of the world's largest salmon fisheries in Alaska has backed away from the project. Northern Dynasty Minerals Ltd., which is seeking to develop the Pebble Mine project in southwest Alaska, said Friday that it was unable to finalize an agreement with First Quantum Minerals Ltd., the potential investor. It was not immediately clear what happened or what this means for the project, which has a permit application pending with the U.S. Army Corps of Engineers.
Developers of a proposed copper-and-gold mine near a world-class salmon fishery in southwest Alaska are downplaying the impact after a deal with a potential investor fell apart. Tom Collier is CEO of the Pebble Limited Partnership, which is owned by Northern Dynasty Minerals Ltd. Those entities want to develop the Pebble mine. Collier, in a statement, says it's "business as usual" after Northern Dynasty said it had failed to finalize an agreement with First Quantum Minerals Ltd.
Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska. The two companies were unable to reach an agreement on a proposed deal disclosed in December, Northern Dynasty said Friday in a statement. The arrangement would have given a unit of First Quantum an option to earn a 50 percent interest in Pebble in return for $150 million paid over four years to fund permitting.
The Vancouver, British Columbia-based company said it had a loss of 3 cents per share. The company's shares closed at 78 cents. A year ago, they were trading at $1.86. _____ This story was generated by ...
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Northern Dynasty Minerals Ltd (AMEX:NAK), a metals and mining company based in Canada, received a lot of attention from a substantial price movement on the AMEX over the last fewRead More...
An unexpected announcement from the EPA rocked investors' confidence that gold will be produced at the Pebble Project anytime soon -- if at all.
In a surprise move, the U.S. Environmental Protection Agency reversed itself on Friday and maintained restrictions on the proposed Pebble Mine copper and gold mine project in southwest Alaska's Bristol Bay region. "It is my judgment at this time that any mining projects in the region likely pose a risk to the abundant natural resources that exist there," EPA Administrator Scott Pruitt said in a statement. President Donald Trump has championed increased domestic mining and the EPA's decision to maintain restrictions on the Pebble Mine's approval process comes as a surprise.
In a surprise move, the U.S. Environmental Protection Agency reversed itself on Friday and maintained restrictions on the proposed Pebble Mine copper and gold mine project in southwest Alaska's Bristol Bay region. "It is my judgment at this time that any mining projects in the region likely pose a risk to the abundant natural resources that exist there," EPA Administrator Scott Pruitt said in a statement.
U.S. regulators formally launched a review process on Friday that could produce a permit a Canadian mining group needs to build the Pebble Mine copper and gold project in southwest Alaska, which is opposed by environmentalists. The U.S. Army Corps of Engineers, the federal agency that regulates the development and dredging of wetlands, has published the completed permit application from the Pebble Limited Partnership on its website. The application will trigger a formal environmental review of the plan to build an open-pit mine in a region with the world's biggest sockeye salmon runs.
ANCHORAGE, Alaska/TORONTO, Dec 21 (Reuters) - The would-be developer of the widely opposed Pebble Mine copper and gold project in salmon-rich southwestern Alaska announced on Thursday it will file its first application for a permit. The application is a milestone for a project that seemed dead during the Obama administration. Now it is moving forward under President Donald Trump, a champion of increased domestic mining.
The company that wants to build the widely opposed Pebble Mine copper and gold project in salmon-rich southwestern Alaska announced on Thursday that it will file its first application for a development permit. The application is a milestone for the project, which appeared dead during the Obama administration because of environmental concerns but is now moving forward under the administration of President Donald Trump, which fervently supports increased domestic mining and drilling. The Pebble Limited Partnership said it will submit an application Friday to the U.S. Army Corps of Engineers for a wetlands-fill permit, a key authorization required under the U.S. Clean Water Act.
Canada's main stock rose on Monday in a broad rally led by big banks and energy stocks as well as Valeant Pharmaceuticals International Inc, with the index touching a record intraday high before paring ...