Deterioration continues in the financial condition of Northern Dynasty Minerals ("Northern Dynasty" or "NDM") -- a small Canadian exploration company, and the only remaining investor in the once formidable Pebble Limited Partnership ("Pebble").
While the Pebble Mine scheme may appear all but dead, Northern Dynasty's outside lawyers are alive, kicking, and doing very well indeed. As long as there is money to fund their pursuit of frivolous claims, look for this to continue.
Canadian exploration company Northern Dynasty Minerals is the only partner remaining in the once formidable Pebble Partnership - the poorly-funded proponent of the reckless scheme to build a massive mine in the headwaters of the world's greatest wild salmon fishery.
Based on a brief, undefined investigation, Secretary Cohen concluded to no one's surprise that his client has been unfairly treated by the U.S. Environmental Protection Agency in its federal Clean Water Act review of the mining project -- just as his client has argued for years.
Facts -- for example, numbers -- have never been a friend to the Pebble Mine. Last month added some new numbers to this list, and once again none of them was good news for the Pebble Limited Partnership (or its sole partner, Northern Dynasty Minerals).