Northern Dynasty Confirms $107M Work Program to Prepare Pebble Project for Permitting in 2012
Northern Dynasty Minerals Ltd. (NYSE: NAK) announces that the Board of Directors of Pebble Mines Corp., the general partner of the Pebble Limited Partnership has approved a budget of approximately US $107 million to advance the Pebble Project in 2012, with the objective of readying PLP to initiate permitting under the National Environmental Policy Act (NEPA) toward the end of the year.
From the time that the Pebble Partnership was established in July 2007 to the end of December 2011, Anglo American plc has invested approximately US $400 million to advance engineering, environmental and socioeconomic studies.
Prior to initiating project permitting, the Pebble Partnership plans to undertake a broad-based public engagement program to consult Alaskans and other project stakeholders about the current status of project planning. This public consultation initiative is scheduled to begin in the fall of 2012.
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