The Pebble Project in Alaska, a copper-gold project owned by Toronto-listed Northern Dynasty Minerals, is also expected to get its final approval under the new administration, according to industry executives.
Rio Tinto’s CEO certainly expressed optimism about the prospects of the Resolution project, which has been similarly blocked so far:
“I do think that we have really good chances now to progress that project,” said Jakob Stausholm, chief executive of the London-listed miner, in an interview with the Financial Times, which will be broadcast on Wednesday. “We have made a lot of progress.”
Given the current price of copper and its expected future demand, both the Pebble Mine and Resolution are worth a fortune. Given the current geopolitical climate, both are strategically located too. They even sit in red states: Alaska and Arizona, respectively.
That’s terrible news. I spent a year in Arizona and it’s heartbreaking seeing what mining has done to some of that landscape.
I wish people could realize that sometimes you just can’t have the minerals due to the environmental cost. I have zero faith that Northern Dynasty won’t cause massive environmental impact over the long term.
It is somewhat reassuring that I can’t find any more details speculating on Pebble’s approval online outside of the source you provided that I’m subscription blocked from reading.
Industry executives presumably interviewed or at least consulted by the Financial Times believe the Pebble Mine will be approved:
Rio Tinto’s CEO certainly expressed optimism about the prospects of the Resolution project, which has been similarly blocked so far:
Given the current price of copper and its expected future demand, both the Pebble Mine and Resolution are worth a fortune. Given the current geopolitical climate, both are strategically located too. They even sit in red states: Alaska and Arizona, respectively.
That’s terrible news. I spent a year in Arizona and it’s heartbreaking seeing what mining has done to some of that landscape.
I wish people could realize that sometimes you just can’t have the minerals due to the environmental cost. I have zero faith that Northern Dynasty won’t cause massive environmental impact over the long term.
It is somewhat reassuring that I can’t find any more details speculating on Pebble’s approval online outside of the source you provided that I’m subscription blocked from reading.