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Mining Brief - May 2, 2023

1) The Pebble Mine in Alaska may not be completely dead as some glimmer of hope in the future of one of the richest finds in the US and the world's second richest ore bodies following Indonesia's and Freeport-McMoRan's Grasberg mine. Pebble mine is estimated to have around 6.5 million tons of ore with copper grade of 0.40%, a 0.34 grams/ton grade of gold, 1.7 grams/ton of silver and 240 ppm of molybdenum. The US Army Corps of Engineers, which has its own approval process, said that it will take a look at its refusal in 2020 to approve the project. After this announcement, the Corps has 45 days to report back from April 25th. “We have been saying that the record of decision process was not fairly conducted since 2020 and are pleased to see that the review officer has raised similar concerns,” Ron Thiessen, president and CEO of Northern Dynasty, the owner of the Pebble mine project, said in a news release on Monday. “This remand decision is a strong win for the project because it brings these issues to light and directs the district to address them, potentially setting the stage for a much different outcome.” The project was shot down by the EPA as it had concerns about the tailings being so close to Bristol Bay. President Biden said that Bristol Bay is "no place for a mine," while also establishing climate goals only reached with more mining for critical minerals in green technologies.


2) Anglo American, a global diversified mining company, has announced that it will be funding an education initiative in Zambia close to its copper and cobalt exploration activities. “This is the right thing for local people, regardless of the outcome of our preliminary exploration on future mining activities,” Anglo Zambia discovery manager Adriana Blesa stated in a release. Anglo American already has education centers in South Africa, Zimbabwe, Brazil, Chile, Peru, the UK, Australia and Canada. The largest of which are located in South Africa and South America, where the company supports over 600 schools. Anglo is exploting in the northwestern province, Lyovu, of Zambia, where it will help 160 high school-age girls improve access to education.

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