Northern Dynasty Minerals budgets $80 million for Pebble Mine project in 2013

ANCHORAGE, Alaska — The 2013 budget for the Pebble Mine project is $80 million with the goal being to begin permitting this year.

Northern Dynasty Minerals Ltd. said in a news release Monday that it hopes to initiate permitting under the National Environmental Policy Act before the end of the year.

Pebble is a large copper and gold mine project in Southwest Alaska near some of the world's last and best remaining wild salmon streams.

The Canada-based Northern Dynasty Minerals says about $680 million has been spent on the Pebble Mine project, with most of the money going toward engineering, environmental and socioeconomics studies.

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