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Investors accuse Pebble mine executives and parent company of ‘misleading’ statements in lawsuits Print article The company behind the controversial Pebble copper and gold mining proposal in Southwest Alaska faces lawsuits from investors claiming it misled shareholders, contributing to plunging stock values since this summer. Two lawsuits filed in U.S. District Court in New York this month assert that Northern Dynasty Minerals violated federal securities laws when Pebble executives did not fully and accurately provide information about the project. Northern Dynasty’s stock price has ...

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 mi...

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...

Share 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 ...

Suit claims Northern Dynasty misled shareholders December 17th, 2020 |   A shareholder of Northern Dynasty Minerals is filing a class action suit against the company and its directors for allegedly misleading shareholders about the viability of the proposed Pebble mine. People who bought stocks between Dec. 21, 2017, and Nov. 25, 2020 have until Feb. 2, 2021 to join the lawsuit as lead plaintiffs. Canadian-based Northern Dynasty is the parent company of the Pebble Limited Partnership, which has been promoting the mine to investors for more than a decade. The U.S. Army Corps of Engineer...