"Mining Giant Rio Tinto May Pull Out of Pebble Mine in Alaska"

"Global mining giant Rio Tinto said Monday it is considering dumping its stake in Alaska’s Pebble Mine, a huge open pit mine planned for the best remaining wild salmon stronghold on Earth."

"Rio Tinto’s statement comes just four days after the chief financial officers of California and New York City wrote the London-based mining company and urged it to pull out of the Pebble project. New York City Comptroller John Liu and California State Controller John Chiang said they oversee pension funds that are substantial, long-term shareowners in Rio Tinto.

The officials from California and New York told Rio Tinto it was risking its reputation through involvement with Pebble, given the risk to the wild salmon of Alaska’s Bristol Bay region."

Rio Tinto's qualms follow the pullouts of two other major investors in the project, Anglo-American and Mitsubishi.

Sean Cockerham reports for McClatchy December 23, 2013.

SEE ALSO:

"More Bad News for the Pebble Mine: Rio Tinto Announces It May Divest " (NRDC)

Source: McClatchy, 12/24/2013