Make Kitco Your Homepage

President's son opposes Pebble Mine

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) - Donald Trump Jr. tweeted Tuesday that Pebble Mine should not be built due to environmental risks.

The U.S. Army Corps of Engineers issued a final environmental analysis last month supporting the mine, a reversal from the Obama administrations previous decision stating that the mine should not be built. Opponents to the mine cite risks to salmon runs, as well as preserving the natural beauty of the area. Northern Dynasty's Pebble Project is located in southwest Alaska.

The chief of staff for Vice President Mike Pence, Nick Ayers, also opposes Pebble Mine.

If permitted, the Pebble mine will be North America’s largest mine, according to a study by the Center for Science in Public Participation. On the Northern Dynasty's website the current resource estimate for the project is 6.5 billion tonnes in the measured and indicated categories containing 57 billion lb copper and 71 million oz gold.

The mine plans calls for a pit 1,970 feet (600 meters) deep, as well as a new road, pipeline and power plant.

Donald Trump Jr. is an avid hunter.

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.