Tuesday, September 17, 2013

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?

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