Northern Dynasty shares plunge on reports Trump to block planned Alaska mine

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Politico first reported Trump was planning to block the proposed mine, which environmentalists argue would damage the surrounding salmon-rich habitat, and the people and wildlife that depend on it. Northern Dynasty denied that report.

The Vancouver-based miner referred questions on Monday to a company statement saying it had launched an advertising and outreach campaign targeting the Trump administration.

It said rejecting the Pebble Mine after extensive study by federal, state and local regulatory agencies would politicize the permitting process and slow the U.S. economic recovery.

© Thomson Reuters 2020

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