Veto Lifted for Alaska Gold Mine Boasting $100 Billion Bounty

July 30, 2019, 6:14 PM

The Environmental Protection Agency is scrapping proposed restrictions on mining operations in Alaska’s Bristol Bay, dealing a victory to Northern Dynasty Minerals Ltd., which is hoping to tap a $100 billion gold deposit in the region.

The move does not guarantee the U.S. government will issue a permit for the company’s planned Pebble Mine. But the decision removes a major barrier to the project, which has been thwarted by Obama-era water pollution limitations proposed in 2014 but never finalized.

The Trump administration said it was withdrawing that proposal Tuesday because the restrictions led to an unfair veto of the mining ...

To read the full article log in.

Learn more about a Bloomberg Law subscription