Environmental groups oppose the mine, alleging it would badly damage a fragile ecosystem that’s home to the world’s largest sockeye salmon run.
Anglo American chief executive Mark Cutifani said the U.K.-based company is seeking to “prioritise capital to projects with the highest value and lowest risks within our portfolio, and reduce the capital required to sustain such projects during the pre-approval phases of development.”
His whole statement is here.
Northern Dynasty Minerals vowed to press ahead with efforts to build the mine. “Northern Dynasty and the Pebble Partnership have both the expertise and resources necessary to advance the Pebble Project,” CEO Ron Thiessen said.