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For Immediate Release

March 23, 2015
 

Contact:

Rayn Aaberg, President and CEO

(907) 277-1599 or This email address is being protected from spambots. You need JavaScript enabled to view it.
 

Pedro Bay Corporation Opposes the Development of the Pebble Mine

Pedro Bay Corporation (PBC) President and Chief Executive Officer Rayn Aaberg has released the following statement after the PBC Board of Directors First Quarter Meeting in response to Northern Dynasty Mineral’s recent announcements regarding Pebble Mine Operations and the on-going legal fight with the U.S. Environmental Protection Agency.

PBC is the steward, owner and manager of over 92,000 acres of surface lands between the proposed Pebble Mine Deposit and deep water port. PLP proposed a plan for a transportation corridor route through the village of Pedro Bay. Since 2004, PBC had a vested interest in the project and has continuously performed proper due diligence on both the positive and negative impacts the mine and corridor will have on its land holdings and the rights of 197 shareholders.

It is PBC policy that responsible development projects in regards to PBC lands are consistent with shareholder values and are strategic to positively benefiting PBC’s fiscal, environmental, and social objectives. PBC’s Responsible Development Standards include, but are not limited to: 1) provide an economic benefit to our village and shareholders; 2) build quality of life for shareholders, descendants and residents; 3) meet PBC’s environmental and business investment objectives that are sustainable for future generations.

The PBC Board of Directors is sensitive to exploration and development of its lands and has unanimously concluded that the Pebble Limited Partnership does not meet our responsible development standards given the unquantifiable impacts the Mine and Transportation Corridor could have on the resources of Pedro Bay, therefore PBC opposes the Pebble Mine and Transportation Corridor. The PBC Board now directs PBC Management to postpone further action on the prospective mine and corridor and to work with appropriate organizations and agencies to further develop plans that protect the resources of Pedro Bay.

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Pedro Bay Corporation (PBC) established through the Alaska Native Claims Settlement Act of 1971 (ANCSA) is a responsible Alaska Native Corporation dedicated to serve its 197 shareholders by optimizing profits and providing dividends and benefits, while preserving our heritage and managing our premier lands.