The state of Alaska says it has taken hundreds of public comments to heart and will require developers of the stalled Pebble mine to do extensive cleanup and monitoring this summer — and to commit $2 million to ensure disturbed land is eventually restored.
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ALASKA’S PEBBLE MINE AND THE LEGEND OF TRUMP’S GOLD
Early last year, the combination of bad P.R., spooked investors, declining copper prices, logistical and infrastructural challenges, unresolved court battles, and a proposed intervention by the Environmental Protection Agency seemed to have rendered Pebble an extreme long shot. Northern Dynasty’s stock, worth twenty-one dollars a share five years earlier, bottomed out at twenty-one cents.