State of Alaska: 'If enacted, the initiative would be preempted by state law'
VANCOUVER, Oct. 18, 2011 /CNW/ - By a narrow 280 - 246 (53 - 47%) margin, voters in Southwest Alaska's Lake & Peninsula Borough have supported a ballot measure that, if upheld by the courts, would restrict future development that affects more than one square mile of land within the 31,000 square mile borough. The Pebble Limited
State of Alaska and Pebble Limited Partnership prevail in latest case of anti-development litigation
VANCOUVER, Oct. 4, 2011 /CNW/ - Alaska Superior Court Judge Eric Aarseth has ruled in favour of the State of Alaska and the Pebble Limited Partnership (the 'Pebble Partnership' or 'PLP') in a case brought by anti-Pebble activists who charged that the state's system for permitting mineral exploration activity is
VANCOUVER, May 2 /CNW/ -- VANCOUVER, May 2 /CNW/ - Northern Dynasty Minerals Ltd. ('Northern Dynasty' or the 'Company') (TSX: NDM) (NYSE Amex: NAK) announces that the Pebble Limited Partnership (the 'Pebble Partnership' or 'PLP') Board of Directors has approved program expenditures of US $91 million in 2011, with the objective of completing a Prefeasibility Study for the Pebble Project in 2012, and thereafter
VANCOUVER, Feb. 23 /CNW/ -- << Wardrop completes independent Preliminary Assessment report based on concept, pre-feasibility and feasibility-level study programs completed by Pebble Partnership and Northern Dynasty
Preliminary Assessment describes and assigns potential economic value to three mine development cases comprising 25, 45 and 78 years of open pit mining and a nominal processing rate of 200,000 tons per day
For the Pebble Project, the 45-year Reference Case yields a 14.2% pre-tax IRR, a 6.2-year payback on initial capital investment of $4.7 billion and a $6.1 billion pre-tax NPV at a 7% discount rate and long-term metal prices. At current prevailing metal prices, the 45-year Reference Case yields a 23.2% pre-tax IRR, a 3.2-year payback on initial capital investment and a $15.7 billion pre-tax NPV at a 7% discount rate
For Northern Dynasty's 50% share of the project, the 45-year Reference Case yields an 18% pre-tax and 15.4% post-tax IRR, a 4.7-year pre-tax and 5.3-year post-tax payback on initial capital investment and a $3.6 billion pre-tax and $2.4 billion post-tax NPV at a 7% discount rate and long-term metal prices. At current prevailing metal prices, the 45-year Reference Case yields a 30.2% pre-tax and 25.1% post-tax IRR, a 2.6-year pre-tax and 3.1-year post-tax payback on initial capital investment and an $8.3 billion pre-tax and $5.6 billion post-tax NPV at a 7% discount rate for Northern Dynasty's 50% interest
The 45-year Reference Case produces 31 B lb copper, 30 M oz gold, 1.4 B lb molybdenum, 140 M oz silver, 1.2 M kg rhenium and 907,000 oz palladium while mining only 32% of the mineral resource
For the 45-year Reference Case, cash costs per payable lb of copper after by-product credits total -$0.11 >>
VANCOUVER, Feb. 23 /CNW/ - A National Instrument 43-101-compliant Technical Report on a Preliminary Assessment of the Pebble Copper-Gold-Molybdenum Project (the 'Pebble Project') in southwest Alaska, completed for Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE Amex: NAK) by Wardrop, a Tetra Tech Company ('Wardrop'), confirms that Pebble is an economically robust project with the
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