May 18, 2013
Northern Dynasty is a mineral exploration and development company based in Vancouver, British Columbia, and publicly traded in Canada (TSX:NDM) and the United States (NYSE AMEX: NAK). Its principal asset is the (TSX:NDM) and the United States (NYSE AMEX: NAK). Its principal asset is the Pebble copper-gold-molybdenum deposit and 600 square miles of direct and indirect interests in mineral claims in southwest Alaska.
Since acquiring the Pebble Project from Cominco (now Teck) in 2001, Northern Dynasty has expanded known mineral resources from one to nearly 11 billion tonnes while discovering significant new areas of high-grade mineralization. The company has also undertaken far-reaching engineering, environmental and socioeconomic studies to advance the Pebble Project towards development.
Following a partnership agreement struck in July 2007, Northern Dynasty co-owns the Pebble Project with Anglo American plc. Under the terms of the agreement, Anglo American is required to fund US$1.5 billion of project costs to retain its 50% interest, taking the Pebble Project through permitting and into construction.
Today, the Pebble Project is one of the world's most extensive undeveloped copper-gold porphyry systems with the potential to produce up to one-quarter of America's domestic copper supply for more than 50 years.