The Financial Post reports in its Saturday, July 25, edition that Canada's Northern Dynasty Minerals ($2.61) said on Friday its Alaskan copper and gold mining project, Pebble, won the approval from the U.S. Army Corps of Engineers in a final environmental impact statement (EIS). A Reuters dispatch to the Post reports that the Obama administration had tried to block the project due to concerns it could harm Alaska's salmon industry. The final EIS published Friday said, "overall, impacts to fish and wildlife would not be expected to impact harvest levels." The Pebble mine would, if brought on-line, produce 70 million tons of gold, molybdenum and copper ore a year and create a pit 1,970 feet (600 metres) deep. A new road, pipeline and power plant would be built, according to the mine plan.
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