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Stock impact report

Pebble sues EPA to revive Southwest Alaska copper and gold mine prospect [Yahoo! Finance]

Northern Dynasty Minerals, Ltd. (NAK) 
Company Research Source: Yahoo! Finance
Also, the company and the administration of Gov. Mike Dunleavy on Thursday filed separate takings claims with a federal court, seeking compensation after the EPA decision blocked the prospect on state land. "We are filing litigation to fully contest the EPA's unprecedented and unlawful actions against the Pebble Project," said John Shively, chief executive of Pebble Limited Partnership, in a statement from the company. "Since our objections to the politically motivated actions by the EPA have long fallen on deaf ears, we have sued the agency in federal court in Alaska to have our issues fairly and objectively heard." The agency in 2023 invoked a little-used power under the Clean Water Act to veto the mining project on the grounds that it would cause "unacceptable, adverse" harm to the valuable Bristol Bay salmon fishery in Southwest Alaska. The decision trumped the standard federal permitting process playing out before the U.S. Army Corps of Engineers. The EPA declined to comme Show less Read more
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