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Alaska’s Controversial Pebble Mine: Piling on the Risk for Anglo American

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By Bonnie Gestring

August 20, 2012

Anglo American CEO Cynthia Carroll is getting flack these days from some of the company's shareholders, who are calling on the CEO to quit, in response to reduced earnings and disagreements over strategy. Her strategy, which has focused on four big mining projects in Chile and Brazil, has been hampered by legal challenges to licenses, delays to projects and downturn in global commodity prices, according to a recent story in the London Telegraph.

According to the CEO, "We are sequencing investment by prioritizing capital to commodities with the most attractive market dynamics and projects with the lowest execution risks."

If that's the case, than it would appear that Anglo American's 50:50 joint venture with Northern Dynasty in the controversial Pebble Mine would be a good project to drop altogether.  After all, nothing about Pebble lends itself to a project with the lowest execution risk.

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Tagged with: alaska, anglo american, pebble mine


Arizona Mining: University Professors Weigh in with Concerns for Communities, Water and Wildlife

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By Bonnie Gestring

August 17, 2012

Large mines use large volumes of water. Really large volumes. That's a pressing issue in Arizona, where the state is experiencing severe to extreme drought conditions across much of its landscape.

A recent letter by University of Arizona Regents Professor Elizabeth Bernays and over a hundred other University Professors and scientists expresses concern over the potential impacts of water consumption and contamination from proposed mining activities on communities and ecosystems in southeast Arizona.

The letter highlights the proposed Rosemont copper mine in the Santa Rita mountains near Tucson, Arizona (see map), which has been permitted by the Arizona Department of Water Resources to pump up to 6,000 acres feet of water per year - over a trillion gallons.

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Tagged with: mining, arizona, rosemont


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