June 18, 2020 — On Tuesday, Pebble Limited Partnership introduced the Pebble Performance Dividend. The plan would distribute 3% of the net profits from the proposed Pebble Mine to registered Bristol Bay residents.
But the idea was quickly rejected by the Bristol Bay Native Corporation.
In a statement BBNC President and CEO Jason Metrokin called it “the latest attempt by PLP to try to win support from the people of Bristol Bay for the proposed Pebble mine.”
Pebble Mine said the project would take a few years to be profitable, so it would distribute a miniumum of $3 million a year or about $1,000 if there are 3,000 “registered participants.”