Pebble Mine Investors Dealt Serious Blow

Oct 18, 2011, 15:42 ET from Alaskans for Bristol Bay

Vote Confirms Local Opposition to Pebble Mine

ANCHORAGE, Ala., Oct. 18, 2011 /PRNewswire-USNewswire/ -- The Canvass Board of the Lake and Peninsula Borough confirmed the passage of the Save Our Salmon (SOS) Initiative. The votes cast on October 4 were counted yesterday in King Salmon and the initiative was approved by a majority of local residents. The initiative will amend the borough's development permitting code to prevent the advancement of any large-scale resource extraction activity, including mining activities, which would destroy or degrade salmon habitats.

The passage of the SOS Initiative effectively halts the development of the proposed Pebble Mine which was expected to be the largest gold and fifth largest copper mine in the world and sit at the headwaters of Alaska's Bristol Bay.

Although SOS received majority support, Anglo American and Northern Dynasty--the foreign-owned mining conglomerates behind the push to develop the Pebble Mine--have filed a lawsuit to invalidate the initiative. This legal action was taken despite Anglo American's CEO Cynthia Carroll stating in a 2009 interview, "We will not go where communities are against us."

"The Lake and Peninsula Borough residents have spoken loud and clear, they do not want the Pebble Mine developed in their community," said Art Hackney, spokesman for Alaskans for Bristol Bay. "In order to suppress the support Save Our Salmon has received, Anglo American and Northern Dynasty must directly contradict their earlier claims that they will only develop where they were wanted. They are not wanted in Bristol Bay."

"The big, foreign-owned mining conglomerates can spend as much money as they want trying to convince shareholders that this mine is viable--but it is not," said Hackney. "Native Alaskans know in their hearts that salmon and large-scale sulfide mining cannot co-exist. And without salmon, the lifeblood of the region, 10,000 years of subsistence fishing, world-class sport fishing and a commercial fishing industry that employs 7,000 workers and generates $300 million a year would disappear."

Alaskans for Bristol Bay
Alaskans for Bristol Bay is a 501(c)(6) organization dedicated to preventing the destruction of the largest wild salmon fishery on earth. The Bristol Bay headwaters support abundant wildlife, local subsistence with a 10,000 year history, and world class commercial and sport fishing opportunities.

Art Hackney

SOURCE Alaskans for Bristol Bay