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18.02.26 - 21:03
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Trump DOJ Blocks Largest Copper, Gold, And Silver Extraction Site In The US Over Salmon, Sending Stock Tumbling (ZeroHedge)
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Trump DOJ Blocks Largest Copper, Gold, And Silver Extraction Site In The US Over Salmon, Sending Stock Tumbling
In a move that has sent shockwaves through the mining industry, the Trump administration has blocked what would have been the largest copper, gold, silver, and molybdenum extraction site in the United States, after the DOJ filed a 143-page brief late Tuesday defending the Biden Environmental Protection Agency's (EPA) 2023 veto of the controversial Pebble Mine project in Alaska's Bristol Bay region.
Workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma, on July 13, 2007 (Al Grillo / AP)
If built, the Pebble mine would produce 6.4 billion lb. of copper, 7.4 million oz of gold, and 300 lb. of molybdenum - along with 37 million ounces of silver and 200,000 kg of rhenium over 20 years, according to a 2023 economic study cited by mining.com.
The DOJ argues that the EPA correctly found that discharges from the mining operation...
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