The Pebble Limited Partnership has a partner.
CEO Tom Collier issued the following statement in response to news released today by Northern Dynasty Minerals that it had entered into a framework agreement with First Quantum Minerals to pursue an option to acquire an ownership position of the Pebble Limited Partnership, including a commitment to contribute $37.5 million dollars to PLP:
“This represents exciting news for the project. We will soon initiate the permitting and review process with a much smaller and more environmentally sensitive plan for a mine at Pebble. We are very pleased to have the financial resources to move through that process. This thorough and comprehensive process allows everyone an opportunity to express their views about Pebble.
“This initial investment by a well-established copper mining company speaks volumes about the economic opportunity Pebble represents to Alaska. Pebble development could make a significant contribution to Alaska’s economy and provide year-round jobs for Southwest Alaska. Additionally, Pebble could provide important revenue to state and local governments.
“We will continue to expand our Alaska team and engage with Alaskan firms to help us advance Pebble through the permitting process. We look forward to 2018 and more open dialogue with all stakeholders about our mine plan.”