Wireless Password: 9166703926
The Pebble ProspectEconomic Impact and Regulatory Overreach
Conference of Western Attorneys General Colorado Springs, Colorado
July 24, 2013
Prospect Location
Bristol Bay Region39, 184 sq. miles
State of Virginia42,774 sq. miles
Nushagak River12,735 mi2 = Maryland
Kvichak River8,017 mi2 = New Jersey
Nushagak River• 12,735 mi2 =
MarylandKvichak River
• 8,017 mi2 = New Jersey
Scope Matters
Virginia
Maryland
New Jersey
Pebble
The Importance of Copper
• Twice as much copper is used in a hybrid car compared to a conventional car - 78lbs vs. 42lbs
• 3MW wind turbine contains nearly 5 tons of copper
• Solar panels can be made of up to 60% copper
• Average green home contains 439+ lbs. of copper
The Pebble Project Copper: THE Mineral for Green Technologies
Advanced Exploration
Environment
Engineering Geology
Technical Socioeconomic
PermittingAgencies involved in permitting large hard rock mine in Alaska:
• AK Department of Natural Resources• AK Department of Environmental Conservation• AK Department of Fish and Game• AK Department of Transportation & Public Facilities• AK Department of Commerce, Community and Economic Development• AK Department of Law• AK Department of Public Safety• Borough Land Use• US Environmental Protection Agency• US Army Corps of Engineers• US Fish and Wildlife Service• US National Marine Fisheries Service• US Coast Guard• Federal Aviation Administration• Mine Safety Health Administration• Bureau of Alcohol, Tobacco, Firearms• Federal Communication Commission
Red Dog Mine
Delong Mountain Regional Transportation System
National Economic Benefits
Construction(Year 1-5)
Initial Production Phase (Year 5-29)
Potential Subsequent Development Phases
(Year 30+)
Jobs(indirect & induced) 16,175 14,715 16,650
GDP (annual) $1.6 billion $2.4 - $2.7 billion $3.7 - $3.9 billionGovernment Revenue from Lower 48 Sources(annual: federal, state, local)
$323 million $670 - $772 million $1.2 - $1.25 billion
Federal Revenue from Alaska (annual) $54M $164 - $218 million $410 - $460 million
[1] Indirect jobs are those supported in sectors providing supplies and services to the Pebble Project. Induced jobs are those supported in sectors benefitting from the spending of Pebble direct and indirect employee wages.[2] The IHS Global Insight study forecasts a range of GDP and government revenue impacts associated with future development of the Pebble Project based on two different long-term metal commodity price forecasts.
Economic Study – U.S.
State Economic Benefits
Construction(Year 1-5)
Initial Production Phase (Year 5-29)
Potential Subsequent
Development Phases (Year 30+)
Jobs(direct, indirect & induced)
4,725 2,890 2,750
GSP (annual)$400 million $1.1 - $1.4 billion $2.1 - $2.4 billion
Government Revenue (annual: state & local)
$27 million $165 - $213 million $351- 396 million
[1] Indirect jobs are those supported in sectors providing supplies and services to the Pebble Project. Induced jobs are those supported in sectors benefitting from the spending of Pebble direct and indirect employee wages.[2] The IHS Global Insight study forecasts a range of GDP and government revenue impacts associated with future development of the Pebble Project based on two different long-term metal commodity price forecasts.
Economic Study - AK
EPA’s Bristol Bay Assessment
FACT vs. FICTION
Pebble Deposit
Peter D. RobertsonSenior Vice President for Corporate Affairs
The Pebble Partnership202-629-3392907-339-2696
Wireless Password: 9166703926
Top Related