Industry Updates y p
Pebble announces dividend for Bristol Bay residents
SPECIAL TO THE ALASKA MINER Pebble Partnership CEO Tom Col- lier has announced that the company has created the Pebble Performance /TaTOPYO ;;/ _Z OT^_]TM`_P L [P] - centage of the revenue generated from the operation of a mine at Peb- ble to year-round residents of Bristol Bay. “When we rolled out our new, ^XLWWP]XTYP[WLYTY "4XLOPL NZXXT_XPY_ _Z ʭYO L bLd _Z ^SL]P the opportunity Pebble represents with the residents of Bristol Bay. While not everyone will want to work at the mine, this ensures a direct way for everyone to participate. Whether a resident supports the project, op- poses it, or is neutral, anyone who is a year-round resident can partic- ipate,” Collier said. “However, year- round residents who want to share in this opportunity must register their interest.”
;7;N]PL_POLbPM[Z]_LWQZ]-]T^ - tol Bay residents to register and learn more about the opportunity at www. pebbledividend.com. Once fully op- P]L_TZYLWLYO[]Zʭ_LMWP_SP;;/bTWW OT^_]TM`_P ZQ_SPYP_[]Zʭ_^Q]ZX the mine to registered Bristol Bay residents. ,^ _SP ʭ]^_ ^PaP]LW dPL]^ ZQ OP - aPWZ[XPY_bTWWYZ_dTPWO[]Zʭ_^;7; will ensure a minimum distribution by contributing $3 million dollars annually for distribution to all regis- tered participants. ?S`^ TQ ]P^TOPY_^ ]PRT^_P] _SP;;/bTWWOT^_]TM`_P OZWWL]^ _Z \`LWTʭPO [L]_TNT[LY_^ ZYNP NZY - ^_]`N_TZY MPRTY^ =P^TOPYNd RZaP] - nance, and distribution will be over- seen by an advisory board comprised of well-known Alaskans John Shively and Willie Hensley, along with resi- dents from the region. All Bristol Bay residents who reg-
ister via the Web portal before July bTWW MP PWTRTMWP QZ] L O]LbTYR QZ] an annual early Pebble Performance Dividend beginning this year and payable through the start of con- struction. Five early dividend winners will be chosen from the group of eligible [L]_TNT[LY_^]PRT^_P]POMd5`Wd ?SP Web portal will remain open for reg- T^_]L_TZY`Y_TW,`R “Developing a mine at Pebble will provide jobs, economic activity, lo- cal tax revenue and infrastructure. Today we are adding one more way residents of the region can directly MPYPʭ_ Q]ZX ;PMMWP aTL Z`] ]PaPY`P sharing plan,” Collier said. Federal permitting is nearing conclusion with an Environmental 4X[LN_>_L_PXPY_LYO=PNZ]OZQ/P - cision from the U.S. Army Corps of Engineers expected this summer.
SPECIAL TO THE ALASKA MINER There are signs of renewed life for _SP 9TMWLNV NZ[[P]RZWOeTYN^TWaP] project on Prince of Wales Island in Southeast Alaska. 3PL_SP]OLWP =P^Z`]NP^7_O _SP NZX[LYd _SL_ ZbY^ _SP 9TMWLNV multi-metal project on Prince of Wales Island, is moving the mine closer to permitting now with new leadership. =ZM8N7PZOT^YZbSPLOTYR_SP]P - structured company. .ZW`XMTLɪ^ QLXPO 2ZWOPY ?]TLYRWP 8N7PZO T^ L _ST]ORPYP]L_TZY XTYP] LYO Pc[WZ]P] bT_S ^TRYTʭNLY_ Pc[WZ - ration and development experience. 8N7PZOSL^^[PY__SP[L^_ years working for a variety of min- ing and exploration companies, pri- marily in Alaska, British Columbia, D`VZY LYO 9PaLOL 3P bL^ []P - viously President and CEO of IDM 8TYTYR7_O L U`YTZ] Pc[WZ]L_TZY company recently acquired by As- NZ_ =P^Z`]NP^7_O LYO L QZ`YOP] and vice president of exploration of @YOP]bZ]WO =P^Z`]NP^ L NZX[LYd _SL_Z`_WTYPOXZ]P_SLY XTWWTZY ounces of gold on the original White Gold property in the Yukon. Heatherdale names new CEO 9TMWLNVɪ^ XZ^_ ]PNPY_ ^`]aPd shows deposits of copper, gold, silver, LYO eTYN ]PʮPN_TYR _SP [Z_PY_TLW ZQ the project. Heatherdale is restructuring its debt with Blackwolf Copper and Gold 4YN LY LRPY_ QZ] 8N7PZO LYO Z_SP] L]Xɪ^WPYR_S_ST]O[L]_TP^ 3PL_SP]OLWPɪ^MZL]OZQOT]PN_Z]^^Ld^ this debt restructuring is necessary to provide a clean balance sheet that will allow the company to attract the new NL[T_LWYPPOPO_Z`YWZNV9TMWLNVɪ^aLW - ue and acquire new interests. ,^ [L]_ ZQ _SP OPLW 8N7PZO bTWW L^^`XP_SP]ZWPZQ3PL_SP]OLWPɪ^.0: and director. He will replace David Copeland, who is stepping down as executive chairman, CEO, and director of the company. Born and raised in Stewart, a min- ing town at the southern tip of British
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The Alaska Miner
July 2020
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