Anglo American Pulls Out!

Huge news!

"Despite our belief that Pebble is a deposit of rare magnitude and quality, we have taken the decision to withdraw, following a thorough assessment of Anglo American's extensive pipeline of long-dated project options," the company's chief executive, Mark Cutifani, said in a statement.

"Our focus has been to prioritise capital to projects with the highest value and lowest risks within our portfolio and reduce the capital required to sustain such projects during the pre-approval phases of development," he went on.

LINK (via: The Guardian)

How you think those shares of Northern Dynasty are fairing today?

Update on Monday, September 16, 2013 at 10:01AM by El Guapo

Northern Dynasty shares are currently down 34%.

Comments

[Taku]

The market has spoken.