WASHINGTON, D.C. – U.S. Sen. Lisa Murkowski (R-Alaska) today released the following statement on Rio Tinto’s decision to divest its 19-percent shareholder interest in Northern Dynasty Minerals and the Pebble gold, copper, and molybdenum prospect in Southwest Alaska:
“I appreciate the way Rio Tinto is handling this decision. Instead of simply divesting, it has committed to investing in the education of Bristol Bay’s next generation. This will help ensure that local residents have the skills to get or create the kind of jobs that will allow them to provide for their families.
“I understand that many mining companies are reevaluating their project portfolios right now, but I’m concerned by what else may have prompted this decision. If we want to attract investment to our state and our economy, we need a regulatory system at the federal level that is predictable enough to allow responsible development to go forward – at least to the permitting stage, and without the threat of a preemptive veto from the EPA hanging over it."