April 8, 2021 โ On Wednesday, 50 investors representing $105 billion sent a letter calling for the U.S. Environmental Protection Agency (EPA) and Congress to permanently protect Alaskaโs Bristol Bay against large-scale mining.
The signatories are concerned about the long-term social and environmental impacts of the Pebble mine, a massive open-pit gold and copper project in the Bristol Bay headwaters proposed by Canadian junior Northern Dynasty Minerals (NYSE: NAK).
On Tuesday, Northern Dynasty announced it had written to the recently confirmed Administrator of the EPA Michael Regan with a status update on the Pebble project and had urged the new Administrator to support a full and fair process for the project.
The investors said that while recognizing the importance of natural resource development to support economic growth, they are concerned waste from the proposed mine would threaten the worldโs largest wild salmon fishery, located in the Bristol Bay area.