Bristol Bay in the News: Anglo American Abandons Pebble Mine

As the American people show overwhelming support for Bristol Bay, one of the mining companies behind the Pebble Mine, decided to withdraw from the Pebble Limited Partnership. Citing a desire to focus on projects with the “highest value and lowest risks,” UK-based Anglo American announced on Monday that it would no longer join with Canadian company Northern Dynasty Minerals in pursuing building North America’s largest open pit mine at the headwaters of one of the world’s most productive fisheries.
 
Below is a summary of the week's news covering this important step forward for Protecting Bristol Bay. You can also read our full press release on
the overwhelming number of Alaskans and American's who support EPA's actions in Bristol Bay here.

 


Major backer of Pebble Mine project pulls financial support

By Juliet Eilperin

The Washington Post

Bristol Bay Native
Corporation CEO Jason Metrokin, whose shareholders oppose the mine said in a
statement, "We are glad that Anglo American has recognized that the
proposed mine is too risky, and we urge Northern Dynasty Minerals to do the
same."

Even as he hailed it as
"a positive development," however, Metrokin urged the EPA to invoke
its Clean Water Act authority "to protect the fishery and water resources
of the region and the economic and subsistence values that depend on those
resources."… Click here to read more.

 


Contentious Alaska mining project dealt blow as one partner
pulls out

By Becky Bohrer

The Associated Press, in the Seattle Times

The U.S. Environmental
Protection Agency is studying the impact of large-scale mining in the Bristol
Bay region after concerns were raised about the project. A final report,
expected this year, could affect permitting for the mine.

Tim Bristol, director of
Trout Unlimited’s Alaska program, said in a statement he couldn’t think of a
development project in the state’s history that has faced such “wide and deep
opposition” from Alaska’s citizens. Bristol, a mine critic, said Anglo
American’s decision is no surprise, given the number of Alaskans who support
efforts to protect the Bristol Bay region… Click here to read more.

 

Anglo American pulls out of Alaska's proposed Pebble mine

By Sean Cockerham

McClatchy Washington Bureau/Anchorage Daily News

WASHINGTON — One of the
two companies seeking to build Alaska’s Pebble mine is dropping out of the
project as scrutiny grows over its impact on wild salmon.

British mining giant Anglo American said
Monday it is withdrawing from the Pebble Partnership, a 50-50 venture with
Canada’s Northern Dynasty Minerals. Anglo American will take a $300 million
charge for dropping out.

Anglo American CEO Mark
Cutifani said the company wants to focus instead on lower risk projects… Click here to read more.

 

Northern Dynasty Plunges as Anglo Exits Pebble: Vancouver
Mover

By Christopher Donville

Bloomberg

Northern Dynasty
Minerals Ltd. (NDM), a Canadian metals explorer, fell the most in 15 months
after Anglo American Plc (AAL) withdrew from a partnership to develop the
Pebble copper project in Alaska.

Northern Dynasty plunged
34 percent to C$1.54 at the close in Toronto, the biggest drop since May 22,
2012… Click here for full
article.

 

Anglo American Abandons “Alaska Gold” Mine

Frontline

The massive British
mining company said on Monday that its U.S. subsidiary would withdraw from the
controversial Pebble copper mine project in Alaska in order to focus on
projects with lesser risks…. Click here to read more.


Anglo American pulls out of Alaska
mines project

By Suzanne
Goldenberg

The Guardian (UK)

Anglo American's
withdrawal and the uncertainty over the project brings a temporary pause to
what had been expected to be a long and bitter fight between mining companies and their
opponents.

 

The Pebble mine
was seen as one of the most important environmental decisions on Barack Obama's
second term agenda – even though it was overshadowed at times by the
controversy over the Keystone XL pipeline.

 

The mining companies
and their opponents were gearing up for a big and expensive lobbying and
advertising campaign over the project. The two companies in the Pebble venture
spent $500,000 last year to lobby members of Congress for its approval… Click
here to read more.

Pebble Mine Proposal Takes Major Body Blow

by Kirk Deeter

Field and Stream

In a nutshell, Pebble would be a massive open pit mine at the
headwaters of the world's most prolific wild salmon and trout fishery in
Bristol Bay. It's a dumb idea that would include a giant toxic lake
behind an earthen dam in one of the most seismically-active regions in
the world. It could kill a commercial and sport fishery that supports
14,000 jobs in the area. During a recent comment period on the EPA's
revised draft Bristol Bay Watershed Assessment (which basically says the
project is a threat to the fishery), 84 percent of Alaskans said they
opposed the project.

Just the other day, Anglo American, the mining company and major partner in the Pebble Project, decided to cut
its (considerable) losses and pull out. That's a major body blow that
may have put the mine project on the canvas.  But the fight isn't over. Read the full article.

Pebble Partner Withdrawal Is Major
Blow: Who Could The Next Partner Be?

By Nat Rudarakanchana

International Business Times

Bristol Bay,
Alaska, fishermen, whose livelihoods would be affected by the mine, said Monday
that three quarters of almost 900,000 public comments submitted to the
Environmental Protection Agency backed a critical EPA assessment of mining in
the region.

 

“Even without
incident, the mine’s footprint would destroy the spawning habitat for the
nearly 40 million salmon who return to Bristol Bay each year,” said a statement from Commercial Fishermen for
Bristol Bay.

 

They estimate that
the Bristol Bay region supplies about 50 percent of the world’s sockeye salmon,
and sustains 14,000 jobs in a $1.5 billion industry. They say all that is under
threat from the Pebble mine… Click
here for full article.

 

Major partner quits Pebble project in southwestern Alaska

By Manuel Quiñones

Greenwire

Former Anglo American
CEO Cynthia Carroll was a major supporter of the project. But her departure
earlier this year led observers to wonder about the company's future commitment
to Pebble.

Anglo is taking a $300
million hit, or impairment charge, for pulling out. Both companies said they
would work on making the exit "orderly."… Click here to read more (subscription).

 


Anglo American Pulling Out of Pebble Mine Project

By Chris Klint

KTUU Anchorage

ANCHORAGE, Alaska—The
larger of the two main partners behind the proposed Pebble Mine announced that
it is pulling out of its development Monday, leaving the future of one of
Alaska’s most controversial development projects uncertain… Click here to read more.

 


Company pulls out of Pebble project

By Lauren Maxwell

KTVA Anchorage

Those against the mine
were excited about the announcement, including Rick Delkittie.  “It’s really great news
for all the people in Bristol Bay that share our vision,” said Delkittie.

Delkittie represents
nine tribal governments in the Bristol Bay region, where he said the large
majority of residents are against developing the mine.

“It doesn’t take an
education to understand that's a bad idea for that region,” said Delkittie.
“That type of project could work elsewhere, it can’t work over there.”… Click here to read more.