VANCOUVER, Sept. 4, 2013 /CNW/ - Northern Dynasty Minerals Ltd. (TSX:
NDM; AMEX: MKT) ("Northern Dynasty" or "the Company") announces that
Ken Pickering has been appointed to the Company's Board of Directors.
Mr. Pickering is a Professional Engineer and mining executive with 40
years of experience in a variety of capacities in the natural resources
industry. He has led the development, construction and operation of
world-class mining projects in Canada, Chile, Australia, Peru and the
United States, focusing on operations, executive responsibilities and
country accountabilities. His experience includes:
supervising the engineering and subsequent operation of Utah Mines
Ltd.'s Island Copper mine in Port Hardy, British Columbia, Canada;
overseeing the construction, development and subsequent operation of the
Escondida mine in Chile, the world's largest single copper mine at the
managing BHP's Iron Ore mining and processing operations in Australia,
involving nine open pit hematite iron mines and a 4,000 person
BHP-owned town site; and
serving as President at Minera Escondida, responsible for all aspects of
operations and marketing, as well as Major Projects, Business
Development and Corporate Affairs in Chile for BHP Billiton Base
Metals. This role also involved handling extensive federal, regional,
and local government relations, as well as engagement with local
communities and international banking institutions.
Most recently, Mr. Pickering was Vice President - Major Projects, Closed
Mines and North American Assets for BHP Billiton Base Metals in
Santiago, Chile. His position involved overseeing the planning and
execution of six mining and infrastructure projects in Chile valued at
$3 billion, and serving as a director of The Resolution Copper joint
venture with Rio Tinto in Arizona, while being responsible for the BHP
Billiton Pinto Valley copper operations in Arizona.
Mr. Pickering is a member of the Association of Professional Engineers
and Geoscientists of British Columbia, currently working as a private
consultant in mining operations and project development and as a
Non-Executive Director in the international natural resources industry.
"We would like to welcome Ken Pickering to Northern Dynasty's Board of
Directors," said Northern Dynasty President & CEO Ronald Thiessen. "Ken's background and expertise will make a valuable contribution to the
future success of Northern Dynasty and the Pebble Project."
About the Pebble Project
The Pebble Project is an initiative of the Pebble Partnership to
responsibly develop a globally significant copper, gold and molybdenum
deposit in southwest Alaska into a modern, long-life mine, which will
benefit not only the proponent and its partners, but the people,
culture and industries of the State of Alaska, as well as suppliers,
consultants and industries in the Lower 48 United States of America.
The project is located 200 miles southwest of Anchorage on state land
designated for mineral exploration and development. It is situated in a
region of rolling tundra approximately 1,000 feet above sea-level, 65
miles from tidewater on Cook Inlet and presents favourable conditions
for successful mine site and infrastructure development.
The Pebble Project consists of the Pebble deposit, surrounding mineral
claims and a stream of financing being provided by Northern Dynasty's
project partner Anglo American US (Pebble) LLC. The Pebble Partnership
was established in July 2007 as a 50:50 partnership between a
wholly-owned affiliate of Northern Dynasty and a wholly-owned
subsidiary of Anglo American plc. Both Northern Dynasty and Anglo
American have equal ownership and direction of the Pebble Partnership.
Under the terms of the Pebble Limited Partnership Agreement, Anglo
American is required to elect to commit $1.5 billion in staged
investments in order to retain its 50% interest in the Pebble Project.
Funds provided by Anglo American are currently being invested in
comprehensive exploration, engineering, environmental and socioeconomic
programs toward the future development of the Pebble Project.
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based
in Vancouver, Canada, which holds indirect interests in over 600 sq.
miles of mineral claims in southwest Alaska, USA. Northern Dynasty's
principal asset is a 50% interest in the Pebble Partnership, owner of
the Pebble Project. The Pebble Project is an advanced-stage initiative
to develop one of the world's most important mineral resources.
Ronald W. Thiessen
President & CEO
No regulatory authority accepts responsibility for the adequacy or
accuracy of this release. Northern Dynasty is solely and entirely
responsible for the contents of this news release. No other party,
including any parties which have an interest in the project, are in any
way responsible for the contents hereof.
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, especially those that address
potential mine feasibility, economic effects, estimated resource
quantities, grades and contained metals, are forward-looking statements
because they are generally made on the basis of estimation and
extrapolation from a limited number of drill holes and metallurgical
studies. Although the Company believes the expectations expressed in
its forward-looking statements are based on reasonable assumptions,
such statements should not be in any way construed as guarantees of the
ultimate size, quality or commercial feasibility of the Pebble Project
or of the Company's future performance. The likelihood of future mining
at the Pebble Project is subject to a large number of risks and will
require achievement of a number of technical, economic and legal
objectives, including obtaining necessary mining and construction
permits, completion of pre-feasibility and final feasibility studies,
preparation of all necessary engineering for an open pit and/or
underground workings and processing facilities as well as receipt of
significant additional financing to fund these objectives as well as
funding mine construction. Such funding may not be available to the
Company on acceptable terms or on any terms at all. The mineralization
at the Pebble Project has not yet been classified as ore and there is
no assurance that it will ever be classified as ore. The need for
compliance with extensive environmental and socio-economic rules and
practices and the requirement for the Company to obtain government
permitting can cause a delay or even abandonment of a mineral project.
The Company is also subject to the specific risks inherent in the
mining business as well as general economic and business conditions.
For more information on the Company, Investors should review the
Company's annual Form 40-F filing with the United States Securities and
Exchange Commission and its home jurisdiction filings that are
available at www.sedar.com.
SOURCE: Northern Dynasty Minerals Ltd.
For further information:
For further details on Northern Dynasty please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.