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Stock impact report

Gold mine with US$100B lode to get lifeline from Trump EPA [Business News Network (BNN) Energy & Resources (Canada)]

Northern Dynasty Minerals, Ltd. (NAK) 
Gold mine with US$100B lode to get lifeline from Trump EPA The Trump administration is throwing a lifeline to the massive Pebble Mine planned near Alaska’s Bristol Bay, as regulators move toward undoing Obama-era environmental restrictions that have thwarted the project. The Environmental Protection Agency will resume considering on Wednesday whether to withdraw the proposed water pollution restrictions that have effectively stalled the project since they were outlined in 2014, said a senior EPA official who asked for anonymity to discuss the matter before it is public. Reconsidering the issue -- after a year-and-a-half hiatus -- is a necessary prelude to the EPA officially lifting the restrictions later. The EPA’s action is a significant boost for Northern Dynasty Minerals Ltd. and Pebble LP supporters, who have called on the EPA to lift the Clean Water Act restrictions and let the proposed gold, copper and molybdenum mine move forward. Northern Dynasty (NDM.TO) rose the most since N Show less Read more
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