November 27, 2020 — In an unexpected turn, the Army Corps of Engineers has denied a Clean Water Act permit for the proposed Pebble Mine, an open-pit copper extraction project located near the headwaters of the world’s largest sockeye salmon run. The Pebble site contains one of the largest undeveloped copper and gold deposits in the world, and its backers have signaled their intention to appeal.
“In its record of decision, USACE determined that the applicant’s plan for the discharge of fill material does not comply with Clean Water Act guidelines and concluded that the proposed project is contrary to the public interest,” the agency’s Alaska District said in a statement.
Pebble Partnership’s share price fell from $0.87 to $0.40 within hours of the announcement. The project’s opponents hailed the decision as a recognition of the Pebble Mine’s risk to the billion-dollar-per-year Bristol Bay fishery.
“A permit denial from the Army Corps is a triumph for the people of Bristol Bay who have fought tirelessly against Pebble mine for well over a decade,” said Bristol Bay Native Corporation (BBNC) president and CEO Jason Metrokin. “We thank the Corps for acknowledging this reality in its decision.”
“Sometimes a project is so bad, so indefensible, that the politics fall to the wayside and we get the right decision. That is what happened today,” Tim Bristol, the executive director of SalmonState, which represents Alaska’s salmon fishing industry.