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Today: Bristol Bay leaders talk new season, support for protection

Investors ask Congress, EPA to stop large-scale mining in Bristol Bay area


More than 50 investment groups — representing $105 billion — are calling on Congress and the EPA to prohibit large-scale mining in the Bristol Bay area, which would impact the future of Pebble Mine, an open-pit gold and copper project proposed by Northern Dynasty Minerals.
The letter asks Congress to permanently protect the Bristol Bay watershed by deeming it a federal National Fisheries Area and noting its significance as the world’s largest fishery of wild sockeye salmon.
The letter states that “Alaska’s Bristol Bay supports the largest and most productive wild salmon fishery on Earth, supplying half of the world’s commercial supply of wild sockeye salmon,” estimated at “$2.2 billion in annual revenue, 15,000 jobs, and sustaining Alaska Native communities that have relied on the salmon for millennia.” ....

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Under new ownership, Peter Pan will focus on value-added products


Under new ownership, Peter Pan will focus on value-added products
January 21st |
 
Peter Pan, the seafood processing company with an array of plants in Southwest Alaska, had been struggling to keep up with competitors.
So, when its owner, Japanese seafood giant Maruha Nichiro, initially announced its sale of Peter Pan to three buyers, it said it expected a loss of almost $28 million.
The deal means the company is now vertically integrated, so all stages of production and marketing usually operated separately are now under one owner. It also places Peter Pan under American ownership.
One of the three buyers is Northwest Fish. Its owner, Rodger May, is the president of New Peter Pan. The Na -nuk Investment Fund, managed by McKinley Capital, a private equity group, is another. The RRG Global Partners Fund is the third buyer. ....

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