Loading ...The proposed open-pit copper and gold Pebble Mine will not be built, according to billionaire mining financier Robert Friedland.
“The United States Environmental Protection Agency has just killed the Pebble Mine in Alaska. It will not be built,” Friedland said Wednesday during a presentation at the Sprott Natural Resource Symposium Vancouver.
Last Friday, the EPA suggested it might invoke a little used provision that may block the mine’s construction.
The Pebble deposit, near Bristol Bay, Alaska, holds an estimated 55 billion pounds of copper and 67 million ounces of gold. If developed, it would be one of the world’s largest open-pit copper and gold mines.