WASHINGTON: Northern Dynasty Minerals Ltd shares fell more than 25 per cent on Tuesday on rising doubts the company can clear regulatory hurdles for its Pebble Mine project in Alaska, and prominent politicians said it would harm the state's salmon fishing industry.
Murkowski is the powerful chair of the Senate Energy and Natural Resources Committee and her opposition is likely to carry weight across US federal agencies. Northern Dynasty, in response to the Army Corps, said it plans to"preserve enough land so that multiples of the number of impacted wetland acres are preserved," but its shares still fell more than 40 per cent on Monday.The potential cost of such a mitigation plan is unknown and thus concerning, Cantor Fitzgerald analyst Mike Kozak said in research note."It will be exceptionally challenging to reach a compensation plan ... that will satisfy all parties," he said.
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