Make Kitco Your Homepage

EPA Removes Pebble Mine 'Premeptive Veto'

Kitco News

Ed Note: We are proud to unveil our new mining page, an entire space dedicated to up-to-the-minute news, with exclusive industry interviews and all the relevant information you need, rounded in up in one spot. Who is merging? Who is Buying? Who is Digging? We got you covered!

Today the U.S. Environmental Protection Agency rescinded its 2014 proposed determination ruling that prevented consideration of Northern Dynasty's Pebble project.

The ruling does not permit the mine to proceed but rather restarts environmental review, said EPA General Counsel Matthew Z. Leopold.

"[The] decision restores the proper process for 404(c) determinations, eliminating a preemptive veto of a hypothetical mine and focusing EPA's environmental review on an actual project before the Agency," said Leopold in a news release.

The 2014 Proposed Determination was issued under section 404(c) of the Clean Water Act.

Northern Dynasty's Pebble Project is located in southwest Alaska. On the company's website it says the current resource estimate includes 6.5 billion tonnes in the measured and indicated categories containing 57 billion lb copper and 71 million oz gold. The company expects the environmental impact statement to wrap up by 2020.

The 2014 proposed determination, which the EPA said was exceptional and specific to the proposed mine, restricted the use of dredged or fill material from mining within the Bristol Bay watershed because of its "...high ecological and economic value...and the assessed unacceptable environmental effects that would result from such mining."

"Alaska’s Bristol Bay an area of unparalleled ecological value, boasting salmon diversity and productivity unrivaled anywhere in North America. The Bristol Bay watershed provides intact, connected habitats—from headwaters to ocean—that support abundant, genetically diverse wild Pacific salmon populations," wrote the EPA when it made the proposed determination.

In rescinding the ruling, EPA administrator Chris Hladick said the agency will now focus on permit review.

"After today’s action EPA will focus on the permit review process for the Pebble Mine project" said Hladick. "The agency has worked closely with the Army Corps to engage with stakeholders and the public on this issue, which has resulted in an expansive public record, including specific information about the proposed mining project that did not exist in 2014."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News