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Stock impact report

Alaska sues EPA over Pebble copper and gold mine prohibitions [Reuters]

Northern Dynasty Minerals, Ltd. (NAK) 
Company Research Source: Reuters
The complaint filed in an Anchorage federal court challenges the EPA's 2023 final determination that prohibited the discharge of mining waste from the so-called Pebble deposit into the state's Bristol Bay. It comes about a month after a similar lawsuit was filed by the site's developer, Northern Dynasty Minerals (NDM.TO) New Tab , opens new tab The Bristol Bay watershed in southwestern Alaska supports the world's largest sockeye salmon fishery, provides habitat to birds and mammals and is known for its large mineral resources. The EPA in reaching its decision said it was concerned that mining waste would degrade the watershed and harm important fishing ecosystems. The state said the agency's decision would deny it billions in revenues from taxes and royalties and called the move “a blatant affront to the sovereignty" of the state. Alaska claimed the EPA's decision arbitrarily failed to properly consider the costs and benefits of its decision in violation of federal admini Show less Read more
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