• By The Financial District

U.S. GOV’T NIXES PLANNED MINE NEAR ALASKA SALMON FISHERY

The Trump administration effectively killed a contentious proposed mine in Alaska, a gold and copper prospect once envisioned to be nearly as deep as the Grand Canyon and could produce enough waste to fill an NFL stadium nearly 3,900 times — all near the headwaters of the world’s largest sockeye salmon fishery, Mark Thiessen reported for the Associated Press (AP).

The Army Corps of Engineers “concluded that the proposed project is contrary to the public interest” and denied a permit to build the Pebble Mine under both the Clean Water Act and the Rivers and Harbors Act, the agency said in a statement. The rejection was a surprise. It’s at odds with President Donald Trump’s efforts to encourage energy development in Alaska, including opening up part of the Arctic National Wildlife Refuge to drilling, and other moves nationwide to roll back environmental protections that would benefit oil and gas and other industries.


The Corps of Engineers also seemed to signal just a few months ago that after almost two decades of political wrangling, Pebble Mine was on a fast track to approval, a reversal from what many had expected under the Obama administration. But unlike drilling elsewhere in Alaska, the mine proposed for the southwestern Bristol Bay region could have negatively affected the state’s billion-dollar fishing industry. The CEO of the Pebble Limited Partnership, the mine’s developers, said he was dismayed by the decision, especially after the corps had indicated in an environmental impact statement in July that the mine and fishery could coexist.


“One of the real tragedies of this decision is the loss of economic opportunities for people living in the area,” CEO John Shively said in a statement. The environmental review “clearly describes those benefits, and now a politically driven decision has taken away the hope that many had for a better life. This is also a lost opportunity for the state’s future economy.”