A report just released by opponents of the proposed Pebble mine state it is a bad investment. The Mine for gold, copper and other minerals planned to be built in the Bristol bay area of Alaska, has not had an easy road. It is to be located near the biggest Sockeye Salmon fishery in the World and environmental experts have great concerns for the local ecosystem and the fish.
The project has run into political, engineering, environmental challenges so far. Commercial and sports fishing companies are opposed and local Alaskans, who fear for the salmon and their livelihood. Even large jewelery companies have recently vowed not to buy gold from the mine.
The report advises potential lenders and investors of the risks with the project and the poor image it could creative for the companies on the environmental front.
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