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US$59 Million Work Program Approved for Pebble Project
The Pebble Limited Partnership (PLP) Board of Directors has
approved a US$59 million budget and work plan for 2009, with the
potential for supplemental spending up to a total of US$70 million, to
be spent towards completing a Prefeasibility Study and preparing the
Pebble Project for permitting in 2010.
Pending the outcome of engineering trade-off studies currently
underway, the PLP Board is expected to meet in August 2009 to
finalize the Prefeasibility Study schedule and authorize additional
program expenditures this year.
“The primary focus of the Pebble Partnership team in 2009 will be to
produce the optimal project design, from an environmental, social
and economic perspective,” said Northern Dynasty President & CEO
Ron Thiessen. “Not only does PLP expect to finalize a Prefeasibility
Study, it will also be preparing to enter the state and federal
permitting process under NEPA (National Environmental Policy Act)
in 2010.
“These are significant project goals and milestones, and the PLP Board
of Directors has approved an equally ambitious budget and work
program for 2009.”
Northern Dynasty
The Pebble Fund for Sustainable Bristol Bay Fisheries
and Communities, established by the Pebble Limited
Partnership, will dispense its first $1 million in grants to
33 successful applicants this spring. The funding will
support community-led initiatives that enhance the health
of Bristol Bay fisheries and contribute to a sustainable
economic future in southwest Alaska.
