The Pebble Limited Partnership has a partner.
CEO Tom Collier issued the following statement in response to news released today by Northern Dynasty Minerals that it had entered into a framework agreement with First Quantum Minerals to pursue an option to acquire an ownership position of the Pebble Limited Partnership, including a commitment to contribute $37.5 million dollars to PLP:
“This represents exciting news for the project. We will soon initiate the permitting and review process with a much smaller and more environmentally sensitive plan for a mine at Pebble. We are very pleased to have the financial resources to move through that process. This thorough and comprehensive process allows everyone an opportunity to express their views about Pebble.