June 19, 2020 — The proposed Pebble Mine has always faced fierce opposition in Bristol Bay. Now, Pebble is offering to pay every adult resident of the area an annual dividend.
Pebble Chief Executive Tom Collier says he wants to share the benefits of the mine with the region, even before the mine delivers its first load of ore. Pebble says it will pay at least $3 million a year in dividends, divided among those who register to receive it.
“(If) 3,000 sign up, it’ll be $1,000 a year,” Collier said. “And as the project becomes profitable, it will be much more than that.”
Collier says he’s making good on a commitment he made to the region.