Class-action lawsuit claims company misled shareholders about viability of Pebble Mine newsminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsminer.com Daily Mail and Mail on Sunday newspapers.
A look at an eventful year for the proposed Pebble Mine from compensatory mitigation to the Pebble Tapes to the likely end of the project, as part of KDLG s Year in Review 2020 series.
Over the summer, the Pebble Limited Partnership set up two camps along the Koktuli River to conduct wetlands studies about 27 miles away from its base camp at the proposed mine site. Aug. 4, 2020.
Credit ALASKA DEPARTMENT OF FISH AND GAME STAFF
It was a momentous year for people who have fought for and against the proposed Pebble Mine.
Sue Anelon works for the Iliamna Development Corporation. She said the mine would have been a significant boost to village economies.
Pebble parent company to appeal Army Corps rejection of permit December 24th, 2020 |
The parent company of the Pebble Limited Partnership said it is appealing the Trump administration s recent decision to deny a key permit for the controversial mine proposal in the Bristol Bay region of Southwest Alaska.
In a written statement last Thursday, Northern Dynasty Minerals President and CEO Ron Thiessen said the rejection was without precedent in the long history of responsible resource development in Alaska.
The U.S. Army Corps of Engineers in November said Pebble s plans to develop the copper and gold mine did not comply with the Clean Water Act and is contrary to the public interest.
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A group of shareholders has filed a class action lawsuit against Northern Dynasty, claiming the company and its directors misled shareholders about the viability of the proposed Pebble Mine and that its stock prices were artificially inflated between 21 December, 2017, and 25 November, 2020.
Northern Dynasty is the parent company of the Pebble Limited Partnership, which owns the mineral rights to the Pebble deposit and has been promoting the mine to investors and engaging in the permitting process with Alaska s U.S. Army Corps of Engineers.
On 25 November, the Corps denied the permit application, stating the proposal did not comply with Clean Water Act guidelines. The stock took a nosedive of more than 50 percent immediately following the announcement. The permit process had been considered all but dead before the 2016 election of U.S. President Donald J. Trump, whose administration allegedly negotiated with Pebble officials to allow the permitting process to run its cou
Northern Dynasty Reports Annual General Meeting Results albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.