I was thinking about this earlier and I’m scared about what this might mean for the future of the Pebble Mine, […].
The Pebble Project in Alaska, a copper-gold project owned by Toronto-listed Northern Dynasty Minerals, is also expected to get its final approval under the new administration, according to industry executives.
Rio Tinto’s CEO certainly expressed optimism about the prospects of the Resolution project, which has been similarly blocked so far:
“I do think that we have really good chances now to progress that project,” said Jakob Stausholm, chief executive of the London-listed miner, in an interview with the Financial Times, which will be broadcast on Wednesday. “We have made a lot of progress.”
Given the current price of copper and its expected future demand, both the Pebble Mine and Resolution are worth a fortune. Given the current geopolitical climate, both are strategically located too. They even sit in red states: Alaska and Arizona, respectively.
BHP’s bid for Anglo American, which owns De Beers, is playing a role too.