“The Pebble Mine will not be built, ” declared high-profile mining financier, Robert Friedland. Pebble Mine, with potential deposits of 55 billion pounds of copper and 67 billion ounces of gold, was expected to take its place among the world’s largest open-pit copper and gold mines. The Environmental Protection Agency, as Friedland announced at the Sprott Natural Resource Symposium in Vancouver, is threatening to block the development of the Pebble Mine in Alaska through a “sparingly used” provision. The EPA has said that it is employing the regulation to prevent harm to the salmon fisheries in Bristol Bay, Alaska, which the agency says, could be threatened by the Pebble Mine.
Robert Friedland, founder of Ivanhoe Mines, an operation based in Canada, went on to discuss opportunities in the Kamoa high-grade copper deposit in the Democratic Republic of Congo. “Kamoa is the world’s largest, highest-grade copper mine, ” explained Friedland. An obstacle in Alaska can mean more opportunity for Friedland in Africa.