Northern Dynasty CEO Ron Thiessen said the Rio Tinto move caught him by “complete surprise"

Sockeye salmon spawning Wikimedia Commons/Theinterior

First Anglo American, now Rio Tinto, ouch.

Global mining giant Rio Tinto PLC  will undertake a “strategic review” of its 19 percent stake in Canada’s Northern Dynasty Minerals Ltd. in yet another blow to the developers behind the proposed Pebble Mine.

Rio Tinto will consider whether the Pebble project fits with its “strategy of investing in and operating long-life and expandable assets,” according to Rio Tinto. Rio Tinto owns stakes in four productive copper mines and two ongoing copper developments in Peru and Arizona.

LINK (via:International Business Times)