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Wireless Password: 9166703926. The Pebble Prospect Economic Impact and Regulatory Overreach Conference of Western Attorneys General Colorado Springs,

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Presentation on theme: "Wireless Password: 9166703926. The Pebble Prospect Economic Impact and Regulatory Overreach Conference of Western Attorneys General Colorado Springs,"— Presentation transcript:

1 Wireless Password: 9166703926

2 The Pebble Prospect Economic Impact and Regulatory Overreach Conference of Western Attorneys General Colorado Springs, Colorado July 24, 2013

3 Prospect Location

4 Bristol Bay Region 39, 184 sq. miles State of Virginia 42,774 sq. miles Nushagak River 12,735 mi 2 = Maryland Kvichak River 8,017 mi 2 = New Jersey Nushagak River 12,735 mi 2 = Maryland Kvichak River 8,017 mi 2 = New Jersey Scope Matters Virginia Maryland New Jersey Pebble

5 The Importance of Copper

6 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

7 Advanced Exploration Environment EngineeringGeology TechnicalSocioeconomic

8 Permitting Agencies 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

9 National Economic Benefits Construction (Year 1-5) Initial Production Phase (Year 5-29) Potential Subsequent Development Phases (Year 30+) Jobs (indirect & induced) 16,17514,71516,650 GDP (annual) $1.6 billion$2.4 - $2.7 billion$3.7 - $3.9 billion Government 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] [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] [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.

10 State Economic Benefits Construction (Year 1-5) Initial Production Phase (Year 5-29) Potential Subsequent Development Phases (Year 30+) Jobs (direct, indirect & induced) 4,7252,8902,750 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] [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] [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

11 EPA’s Bristol Bay Assessment Bristol Bay Assessment does not use sound science  Heavily criticized by peer reviewers Bristol Bay Assessment process was not open and transparent  Stealth peer review

12 FACT vs. FICTION Pebble Deposit

13 Peter D. Robertson Senior Vice President for Corporate Affairs The Pebble Partnership 202-629-3392 907-339-2696

14 Wireless Password: 9166703926


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