Articles

BBNC Opposes Ballot Measure 1

FOR IMMEDIATE RELEASE
February 25, 2014

Contact: Jason Metrokin, President & CEO, This email address is being protected from spambots. You need JavaScript enabled to view it. or
Scott Torrison, Sr. Vice President & COO, This email address is being protected from spambots. You need JavaScript enabled to view it. or (907) 278-3602

Bristol Bay Native Corporation Opposes Ballot Measure 1

On Friday, Feb. 21, the Bristol Bay Native Corporation (BBNC) Board of Directors passed a resolution opposing Ballot Measure 1, which is a veto referendum seeking to repeal the Alaska Legislature’s oil tax bill passed during the 2013 session. Ballot Measure 1 seeks to repeal Senate Bill 21, also known as the Oil and Gas Production Tax, which modified the state’s oil tax regime in a manner designed to increase oil and gas exploration, development and production, and stimulate greater investment in Alaska. Ballot Measure 1 will appear on the August 19, 2014 primary ballot in Alaska.

BBNC has made significant investments in the Alaska oilfield services industry through its subsidiary companies Kakivik Asset Management, CCI Industrial Services and Peak Oilfield Service Company. These subsidiaries provide substantial benefits to BBNC shareholders in the form of employment, wages, and profits that contribute to dividends. The operations also provide over 1,000 high paying jobs primarily to Alaskans. The continued growth and success of these subsidiaries, as well as Alaska in general, is dependent upon a fiscal environment that encourages investment and economic growth in the Alaska oilfield services industry.

In the past year, under the current Oil and Gas Production Tax, BBNC has seen a dramatic increase in oilfield activity. BBNC is concerned that if Ballot Measure 1 were to pass, and Alaska returns to the prior tax structure, it will result in decreased oil and gas investment activity in the state; this would have an immediate and negative impact on BBNC’s subsidiaries and its shareholders, as well as the state of Alaska as a whole.

BBNC’s prudent support of Alaska’s oil and gas industry aligns with its balanced approach to the development of state resources. “Alaska’s oil and gas sector provides our shareholders with significant employment opportunities and makes major contributions to our ability to pay dividends,” said BBNC President and CEO Jason Metrokin. “BBNC strongly supports the industry that makes it possible to provide such benefits to its shareholders and opposes Ballot Measure 1.”

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Bristol Bay Native Corporation (BBNC) is a responsible Alaska Native investment corporation dedicated to the mission of “Enriching Our Native Way of Life.” Established through the Alaska Native Claims Settlement Act of 1971, BBNC works to ensure the continuation of the life and culture of its over 9,400 shareholders – the Eskimo, Indian and Aleut Natives of Southwest Alaska’s Bristol Bay region.

BBNC's statement on assessing Alaska Peninsula natural resources

February 12, 2014

BBNC's statement on assessing Alaska Peninsula natural resources

Bristol Bay Native Corporation (BBNC) signed an exploration agreement in May 2013 that authorizes Millrock Resources, Inc. (Millrock) to assess subsurface resources on BBNC lands on the Alaska Peninsula, near the communities of Chignik, Perryville and Ivanof Bay. The work is similar to that conducted for BBNC over the past decade by Full Metal Minerals Ltd. and Metallica Resources Inc. Just as the previous work contributed to our ability to map and understand our land and resources, we expect Millrock’s work to continue to contribute to BBNC’s and village corporations’ understanding of the mineral resources on ANCSA lands.  

BBNC supports responsible resource development—which is development that is based on social, environmental and fiscal sustainability. This includes the protection of healthy fish and clean water, and culture and subsistence practices.Learning the full extent and potential value of all the Bristol Bay region’s resources—from fish to minerals—allows us to make thoughtful decisions that benefit our lands and people.

BBNC’s objection to Pebble, as well as BBNC’s effort to assess and explore Alaska Peninsula lands, are therefore both consistent with its land use practices guided by a fish-first approach. In opposing Pebble, BBNC is acting on a vast amount of science as well as the will of a majority of its shareholders. According to a late 2011 poll, greater than 80% of our shareholders throughout the Bristol Bay region support BBNC’s opposition to Pebble.

The exploration area near Chignik, Perryville and Ivanof Bay is about 450-500 miles southwest of Anchorage, on the eastern Alaska Peninsula, and contains several prospects of unknown size and composition. Local leaders and shareholders support the assessment work: Millrock has agreements with the local village corporations, Bay View, Inc. and Far West, Inc., to access and use their surface lands for its exploratory work.  

BBNC’s agreement with Millrock allows the company to collect and analyze data about the mineral prospects so that Millrock, BBNC and local stakeholders all have a better understanding of these lands and resources. This is all happening through the lens of BBNC’s Fish First priority. For more information, contact BBNC, or refer to the following links:

http://www.bbnc.net/index.php/our-corporation/news-events/271-release-corporation-signs-agreement-for-assessment-activities-in-chigniks

http://www.bbnc.net/index.php/our-corporation/news-events/305-bbnc-land-update-millrock-secures-partner-for-ak-peninsula-assessments

http://www.thebristolbaytimes.com/article/1320bbnc_to_pursue_mineral_prospects_in_chigniks

http://issuu.com/alaska_business_monthly/docs/abm_nov_2013_4_web?e=2079629/5865279  (Page 100)

BBNC Statement: Sen. Begich’s position supports residents, science

FOR IMMEDIATE RELEASE

January 20, 2014

FOR INFORMATION, PLEASE CONTACT:
Carmell Engebretson, This email address is being protected from spambots. You need JavaScript enabled to view it.

BBNC Statement: Sen. Begich’s position supports residents, science

Bristol Bay Native Corporation (BBNC) President and Chief Executive Officer Jason Metrokin has released the following statement in response to Alaska Sen. Mark Begich’s recent comments in the press regarding Pebble mine:

"We appreciate Senator Begich’s careful review of this issue, which has brought him to the same conclusion as the overwhelming majority of Bristol Bay residents, a strong majority of Alaskans—and the scientific community. As the science has confirmed, mines such as Pebble would have short- and long-term negative impacts on salmon runs as well as on the culture, spiritual life, nutrition, and economy of our region.

"We look forward to working with the Senator to ensure appropriate protections for Bristol Bay."

Background: The recent release of an approximately 1,400-page Watershed Assessment by EPA concluded a thorough, three-year effort in cooperation with communities and Tribes of the Bay region, including the release of two draft versions, two rounds of peer-review, and two public comment periods generating more than 1.1 million written comments. More than 98 percent of public comments received from the Bristol Bay region were supportive of the Assessment process and conclusions.

BBNC supports responsible resource development that does not cause unacceptable risks to the people, cultures and economy of the Bristol Bay region. The proposed Pebble mine does not meet that standard.

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Bristol Bay Native Corporation (BBNC) is an Alaska Native corporation dedicated to the mission of "Enriching Our Native Way of Life." Established through the Alaska Native Claims Settlement Act of 1971, BBNC works to maximize economic returns and ensure the continuation of the life and culture of its more than 9,400 shareholders – the Eskimo, Indian and Aleut Natives of Southwest Alaska’s Bristol Bay region.

BBNC Land Update: Millrock secures partner for AK Peninsula assessments

January 27, 2014

Dear BBNC Shareholders/Regional Community Leaders: 

As previously announced, Bristol Bay Native Corporation signed an agreement in May 2013 with Anchorage-based exploration company Millrock Resources Inc. to pursue an assessment of BBNC subsurface estate on the Alaska Peninsula.

 

I am writing to update you on news related to this planned activity.

 

Today, Millrock is announcing that they have secured a partner, First Quantum Minerals Ltd., to fund Millrock's $600,000 initial exploration project scheduled this summer for the Chignik area.

 

The Alaska Peninsula project includes subsurface lands owned by BBNC, covering three known porphyry copper-gold occurrences-Kawisgag, Mallard Duck Bay and Bee Creek. The program involves only assessment and exploration, and is expected to consist of "regional geochemical sampling, geological mapping, prospecting and airborne geophysical surveys, and possibly the drilling of several holes."

 

The assessment activity continues BBNC's commitment of a balanced approach to its resources. We seek to build as rich a body of information about our subsurface lands in the Chignik area as now exists for the Chignik watershed's rich sockeye salmon resource-and will continue to do our due diligence to ensure both are as well understood as possible.

 

Thank you in advance for sharing this information widely with your community and/or organization. Please contact BBNC 's Land Department if we may help you address any questions or concerns.

 

Sincerely,

 

L. Tiel Smith
Vice President, Land & Regional Operations

 

To read the original press release from May 8, 2013, please click here.

BBNC Applauds EPA for Release of Final Bristol Bay Watershed Assessment

FOR IMMEDIATE RELEASE

January 15, 2014

FOR INFORMATION, PLEASE CONTACT:
Andria Agli
(907) 278-3602 or This email address is being protected from spambots. You need JavaScript enabled to view it.

BBNC Applauds EPA for Release of Final Bristol Bay Watershed Assessment

Bristol Bay Native Corporation (BBNC) President and Chief Executive Officer Jason Metrokin is releasing the following statement concerning today’s release of the U.S. Environmental Protection Agency’s (EPA) final Bristol Bay Watershed Assessment:

“From the very beginning, EPA was in Bristol Bay because our federally recognized Tribes and Native organizations, including BBNC, asked them to be. With today’s release, science has weighed-in: Bristol Bay, its existing jobs and way of life could be irreparably damaged by a large-scale mine that is the size and scope of the Pebble project—and therefore, our fish, our people and our cultures must be protected.

“BBNC supports responsible development where it can be done without causing unacceptable risks to the people, cultures and fishing economy of our region. The proposed Pebble mine is not such a project. It’s time for the agency to initiate a 404(c) action to protect Bristol Bay.”

Today’s release concludes a thorough, three-year effort. EPA previously released two draft versions of the Watershed Assessment in May 2012 and April 2013 and went through two public comment periods that generated more than 1.1 million written comments. More than 98 percent of public comments received from the region were in support of the agency’s process and work. Both drafts were also peer-reviewed by twelve subject-matter experts who twice provided EPA comments on how to strengthen the Assessment. All of this input was reviewed and, where appropriate, incorporated into the final document.

The backbone of the analysis came from Northern Dynasty Minerals (NDM), the 100% owner of the Pebble claims and the Pebble Limited Partnership. The mining scenarios in the Watershed Assessment were based on water rights applications NDM filed with the State of Alaska and a 2011 technical report that the company filed with the Securities and Exchange Commission. 

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Bristol Bay Native Corporation (BBNC) is a responsible Alaska Native investment corporation dedicated to the mission of “Enriching Our Native Way of Life.” Established through the Alaska Native Claims Settlement Act of 1971, BBNC works to ensure the continuation of the life and culture of its over 9,400 shareholders – the Eskimo, Indian and Aleut Natives of Southwest Alaska’s Bristol Bay region.