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Daily FishFeed News:October 30th 2009 11:15 am
| Pebble Mine Seen As Risky Investment
ALASKA REPORT - A new investor advisory released today raises significant questions about the risks associated with Anglo American plc's Pebble Mine Project in southwest Alaska. The advisory details the growing list of regulatory, legal, engineering and political challenges facing the London-based mining giant as its struggles to secure permits for the controversial gold-copper mine.
"No other mining projects in North America come close to the scale, the complexity and the technological challenges that face the Pebble Mine," said Dr. David Chambers, Ph.D. who runs the Center for Science and Public Participation in Montana. Chambers and Stuart Levit, a reclamation specialist with the Center, reviewed the report for its technical accuracy.
The Pebble Mine Project in remote southwest Alaska is a 50-50 joint venture between London-based Anglo American and British Columbia-based Northern Dynasty Minerals ltd. known as the Pebble Limited Partnership.
The project’s location in the headwaters of Bristol Bay, the world’s largest wild sockeye salmon fishery, presents significant difficulties for Anglo American. While the companies have yet to enter the permitting phase, they have already encountered unprecedented opposition in Alaska and from the commercial, sport fishing and jewelry retail industries.
"The risks identified in this report should be of particular interest to lenders," said Jonas Kron, Esq. an analyst with Trillium Asset Management Corporation who reviewed the report. Trillium manages approximately $900 million in assets for institutional and individual clients.
"Financial services companies that are asked to provide financing for the Pebble project would do well to recall the multiple challenges they faced related to mountaintop removal mining in the United States," Kron said. "Being associated with a project this controversial and opposed by Alaska Native Tribes and jewelers, is a risky place to be, particularly for financiers who have made environmental and social commitments related to their lending policies and practices."
Read more at Alaska Report
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This Issue's Fish News:
| The Strike
New X Box Virtual Fishing Game
By: Cindy Oliver
| Microsoft and Bass Pro Shops have teamed up to create one of the best virtual fishing games to date for the X-box.
Bass Pro Shops®: The Strike puts the fishing rod in your hands as you head out to .....Read more, comment and rate-it
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| Youth Fishing Group Offers New Programs
Youth Fishing Group Reorganization a Success
By: Cindy Oliver
| Oak Hill, VA- June 2, 2009-As the beginning of summer draws near the Future Fisherman Foundation is busier than ever. On the heels of a recent organizational transition, the Foundation has exciting fi.....Read more, comment and rate-it
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| Are You Man Enough Shark Fest 3
Public Demands C and R Only
By: Cindy Oliver
| The 3rd annual Are You Man Enough? Shark Challenge scheduled for June 6 and 7, 2009 in Fort Meyers, Florida has been changed to Catch and Release Only.
The challenge was mostly catch and release al.....Read more, comment and rate-it
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| Tres Pescado Slam Tournament
Belize’s 1st Annual Fly Fishing Grand Slam Tourny
By: Cindy Oliver
| What: Belize’s First Annual Fly Fishing Grand Slam Tournament
When:
Thursday, August 20th - Saturday, August 22nd, 2009. The da.....Read more, comment and rate-it
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| Retiree hailed as Britain's Best Angler
Britain's most productive angler
By: Cindy Oliver
| A pensioner is being hailed as Britain's most successful angler after amassing one of the greatest ever collection of catches.
Don Wheeler, 75, has spent 66 years reeling in more than 140 different.....Read more, comment and rate-it
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| Born to be Caught
Catchability is Inherited in Bass
By: Cindy Oliver
| ScienceDaily (Apr. 15, 2009) — In an experiment spanning over 20 years, researchers at the University of Illinois have found that vulnerability to being caught by anglers is a heritable trait in large.....Read more, comment and rate-it
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| Future Fisherman Foundation Resurrected
FFF Independent from American Sportfishing Assoc.
By: Cindy Oliver
| Foundation will continue offering angling education for youth across the country
Alexandria, VA – March 31, 2009 – Based on successful efforts to secure operational funding, on March 24, 2009, the .....Read more, comment and rate-it
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| Great Lakes Environmental Research Laboratory
New NOAA Laboratory
By: Cindy Oliver
| A larger facility to focus on Great Lakes issues opened today following a ribbon-cutting ceremony for the new NOAA Great Lakes Environmental Research Laboratory (GLERL) in Pittsfield Township, Mich.
.....Read more, comment and rate-it
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