Deals

Northern Dynasty Says It Has Trump Backing, Seeking New Partner

  • Explorer expects Alaska mine permitting to cost $150 million
  • Chief Executive Thiessen says new partner possible by October
Photographer: Taylor Weidman/Bloomberg
Lock
This article is for subscribers only.

Northern Dynasty Minerals Ltd. expects to resolve a dispute with the U.S. environmental regulator by April to enable it to move ahead with permitting one of the world’s largest undeveloped copper and gold deposits.

U.S. President Donald Trump’s administration has “a desire to permit Pebble,” the company’s project in Alaska, Northern Dynasty Chief Executive Officer Ronald Thiessen said Monday in Vancouver. “We will come to a resolution within 100 days” with the U.S. Environmental Protection Agency, he said.