Analyst Articles

A Canadian mining company is punching back after being hit with an uppercut by the U.S. Environmental Protection Agency (EPA). Northern Dynasty Minerals (AMEX: NAK) is a co-owner of the Pebble project, a polymetallic deposit located 200 miles south of Anchorage, Alaska. The site contains copious amounts of gold, copper and molybdenum.  Northern Dynasty and a 50/50 European partner have put significant financial resources into studying and assessing the mine in the hope of one day pulling out its vast riches. And there is no disputing the wealth that Pebble holds: 67 million ounces of… Read More

A Canadian mining company is punching back after being hit with an uppercut by the U.S. Environmental Protection Agency (EPA). Northern Dynasty Minerals (AMEX: NAK) is a co-owner of the Pebble project, a polymetallic deposit located 200 miles south of Anchorage, Alaska. The site contains copious amounts of gold, copper and molybdenum.  Northern Dynasty and a 50/50 European partner have put significant financial resources into studying and assessing the mine in the hope of one day pulling out its vast riches. And there is no disputing the wealth that Pebble holds: 67 million ounces of gold, 3.3 billion pounds molybdenum and 55 billion pounds of copper. But those hopes may have just been dashed, or at least delayed. The EPA recently released a harsh watershed assessment report that outlines numerous concerns, most notably the potential threat of a dam breach that could leak waste material from the mine into the surrounding Bristol Bay — one of the world’s largest salmon fisheries.   This is not the final word on the project, but the opposition does present a formidable roadblock to future development. The… Read More