• Forecast
  • News Tip
  • Categories
Temperature Precipitation
Estimated read time
45s

Rio Tinto considers Alaska mine project divestment

By Associated Press 11:04 AM December 23, 2013

London-based Rio Tinto said Monday the review will consider whether the project fits with the "strategy of investing in and operating long life and expandable assets."

ANCHORAGE  - Rio Tinto plc says it will conduct a review of the Pebble Mine prospect in Alaska, including whether to cut ties with the proposed project.

London-based Rio Tinto said Monday the review will consider whether the project fits with the “strategy of investing in and operating long life and expandable assets.”

The announcement follows a letter Thursday to CEO Sam Walsh from New York City Comptroller John Liu and California State Controller John Chiang. The two, who oversee pension funds that are substantial shareholders in Rio Tinto, warned about risks of being associated with Pebble.

Company spokesman David Outhwaite says the review is not in response to the letter.

The company owns a 19 percent share of Northern Dynasty Minerals Ltd., which recently assumed full ownership of the mine project.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest Stories

  • News

    Transgender man shares his story

    by Lauren Maxwell on Apr 27, 7:15

    Imagine never feeling comfortable in your own skin or, even worse, feeling like you were born into the wrong body. Danny Earll knows that feeling well. Twenty-six years ago, Earll was born on the Kenai Peninsula as a little girl whose parents named Ashley. But, Earll says, from a very young age he was never comfortable with his […]

  • Politics

    Still without an approved budget, extended legislative session continues

    by Kate McPherson on Apr 26, 20:58

    At the end of Sunday, day 97 of the legislative session, Alaska was still without a budget for fiscal year 2016. The Republican-led Senate and House Majorities reached an agreement on the operating budget, and a conference committee finalized it Saturday night without the support of the Democrat-led Minority in the House. The Senate and […]

  • News

    Alatna without potable water; Gov. Walker declares state disaster

    by KTVA CBS 11 News on Apr 26, 19:54

    More than one week after a blaze in Alatna caused extensive damage to the multi-purpose building, Gov. Bill Waker has declared a state disaster in order to restore potable water to the Interior community. The governor declared the state disaster in a Sunday release, saying that it was critical to restoring the community of Alatna, which […]

  • News

    In Kotzebue, traditional Native diet coming to longterm care facilities

    by Emily Carlson on Apr 26, 14:32

      Diet isn’t just about food — it’s about history; it’s about identity. A new program in Kotzebue will allow some Native elders the chance to again enjoy the tastes of their culture. On a wintry afternoon in the Northwestern community, an eclectic bunch gathered at the Maniilaq Association to eat traditional Native food. For most, it’s […]

  • News

    Stand with Nepal: How Alaskans can help the earthquake victims

    by Sierra Starks on Apr 26, 14:03

    Following Saturday’s devastating Himalayan earthquake, support and relief funds from nations and charities around the world are pouring in. The U.S. is sending a disaster response team and has pledged $1 million in aid to Nepal. Shipments of medical aid and other relief supplies are also headed to the area. About two dozen members of […]

  • Sports

    Soccer scores: Lady Lynx run away with 11-0 victory over Bartlett

    by KTVA Sports on Apr 26, 13:04

    It did not take long for the Dimond offense to get going against Bartlett Saturday morning with an 11-0 blowout over the Bears. Tatumn Willis got things going in the first half, collecting a rebound off the goalie and finding the back of the net to put the Lady Lynx up 1-0. Willis would add […]

  • News

    Christian Pilots Association of Alaska looking for new members

    by Dave Leval on Apr 26, 10:26

    An Alaska organization says help is needed for those who love to fly — and are passionate about their religion. Various private planes took center stage Saturday at Tanalian Aviation at Merrill Field Airport. They make up the fleet of the Christian Pilots Association of Alaska, a volunteer, nonprofit group in which pilots and planes are […]

  • Politics

    Alaska House, Senate negotiators reach agreement on budget

    by Associated Press on Apr 25, 23:13

    House and Senate negotiators have reached agreement on a state operating budget, and proposed a way to fund government through the end of this fiscal year without potentially having to draw from the constitutional budget reserve fund. The committee proposed using $1.1 billion in forward-funding for education for the fiscal year beginning July 1, to […]