When things go bad! NDM25 Nov 2020 21:51
Northern Dynasty Minerals : Pebble Mine Partnership 'dismayed' by permit rejection, vows appeal
11/25/2020 | 01:27pm EST
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Nov 25 (Reuters) - The company trying to develop Alaska's Pebble Mine project on Wednesday said it was "dismayed" by a U.S. government decision to reject the permit for the contentious project and vowed to lodge an appeal.
The Pebble Mine would produce 70 million tons of gold, molybdenum and copper ore a year and create a pit 1,970 feet (600 meters) deep in Alaska’s Bristol Bay watershed.
Shares in Canadian parent company Northern Dynasty Minerals had earlier lost about 50% of their value. (Reporting by Jeff Lewis Editing by Chris Reese)