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September 17, 2013
Pebble Mine loses British partner
JUNEAU, Alaska (AP) — One of the partners in a massive proposed gold and copper mine in southwest Alaska is pulling out.
London-based Anglo American PLC announced that a subsidiary is withdrawing from the Pebble Mine project. Anglo American CEO Mark Cutifani says in a statement the company's focus has been on prioritizing money for projects with the highest value and lowest risks within its portfolio. Its focus also has been on reducing the amount of money needed in the preapproval phase.
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