News from the Chum: New Analysis Finds Anglo American’s Pebble Mine Project Poses Significant Risks for Investors
Posted in Friends of Buster, Old Timey News Reel, Think-global-fish-local, uppity mountain hippy extravaganza on October 29th, 2009 by SaltyA new investor analysis to be released this Thursday, October 29th, details the legal, political, financial, engineering and reputational risks that Anglo American plc faces in developing the Pebble Mine Project in the headwaters of Bristol Bay in southwest Alaska.
Anglo American is cutting its capital expenditures this year by 50 percent to relieve pressure on its balance sheet. Meanwhile, company officials still face mounting and potentially costly obstacles with the Pebble Project – all of which should give investors pause. London-based Anglo American has a joint 50-50 venture with British Columbia-based Northern Dynasty Minerals Ltd. – the Pebble Limited Partnership – to pursue the Pebble Mine Project.
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