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0 0 0.000319488817891339 0.0210862619808307 0.0207667731629393 0.0210862619808307 0.0207667731629393 0.0198083067092651
Stock impact report

Pebble mine developer sues EPA over Alaska mine veto [Reuters]

Northern Dynasty Minerals, Ltd. (NAK) 
Company Research Source: Reuters
Environmental Protection Agency seeking to overturn the agency's veto of the project. The developer on Friday filed a lawsuit in federal court in Anchorage challenging the EPA's 2023 final determination prohibiting the discharge of mining waste in the state's Bristol Bay over concerns the materials would degrade the watershed and harm important fishing ecosystems. Northern Dynasty said the determination made under the Clean Water Act was arbitrary and capricious in violation of federal administrative law, because it failed to adequately consider the economic impact of the decision and used a “wild overestimate” of what protected waterways would be impacted by mining activity. Northern Dynasty claims it has spent at least $1 billion over two decades in its efforts to develop the project, which was effectively killed by the decision, including $200 million on environmental studies. “This is just another example of gross EPA overreach of the powers granted to it by Congress,” sai Show less Read more
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