Northern Dynasty Gets New Investment Partner in Attempt to Revive Pebble Mine
SEAFOODNEWS.COM [Reuters] by Nicole Mordant, John Benny - December 19, 2017
Northern Dynasty Minerals said on Monday it had found a potential partner to help develop its Pebble mine in Alaska, breathing new life into the world’s biggest undeveloped gold and copper project in the face of strong opposition from environmentalists.
Northern Dynasty, a small Canadian mine developer, said First Quantum Minerals, the world’s eighth-biggest copper producer, had agreed to acquire an option to buy a 50 percent stake in the project for $1.50 billion.
U.S.-listed shares of Northern Dynasty, which have surged 42 percent in the past six months, fell 8 percent to $1.97. Shares of Vancouver-based First Quantum, which is developing ...
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