Shares in Canadian miner Northern Dynasty Minerals (TSX:NDM) were up Wednesday morning following a decision by the Trump administration that could further pave the way for the company’s vast, but stalled Pebble copper-gold-silver project in Alaska.
The US Environmental Protection Agency (EPA) proposed late Tuesday revoking a 2014 ruling that bans large-scale mining in the area over the potential risks to one of the planet’s greatest wild salmon fisheries.
The federal agency noted it would accept public comments on the proposal for the next 90 days before making a final decision.
The move follows a key settlement reached in May between the EPA and Northern Dynasty that ended a long-dragged dispute over the agency’s decision to block construction of the Pebble mine.
It also comes exactly three months after Alaska’s Department of Natural Resources (DNR) granted Northern Dynasty’s subsidiary — Pebble Limited Partnership — a long-awaited land-use permit.
For the rest of this article: http://www.mining.com/pebble-mine-step-closer-reality-epa-withdraw-restrictions/