Articles

BBNC Education Foundation realizes $6.48 million from Rio Tinto donation

FOR IMMEDIATE RELEASE

June 13, 2014

FOR MORE INFORMATION, PLEASE CONTACT:

Greta Goto, Executive Director, BBNC Education Foundation

This email address is being protected from spambots. You need JavaScript enabled to view it. or (907) 278-3602

BBNC Education Foundation realizes $6.48 million from Rio Tinto donation
-- Funds will support the Foundation’s shareholder scholarship programs --

The Bristol Bay Native Corporation (BBNC) Education Foundation completed a sale of all its shares of Northern Dynasty Minerals Ltd. stock, a donation from Rio Tinto. The sale, completed on June 10, generated net proceeds of $6.48 million dollars which will be deposited into the Education Foundation’s endowment, reinvested consistent with the Foundation’s existing investment policy, and used to support its scholarship programs and develop a cultural heritage program.

BBNC Education Foundation Executive Director Greta Goto stated:

“Monetizing the gift of donated shares has increased the Foundation’s ability to meet its mission of supporting educational and cultural heritage opportunities for BBNC Shareholders. The proceeds will go toward scholarship programs to benefit BBNC Shareholders for generations to come and will also help fund the development of a cultural heritage program.

“In today’s world, occupations that require higher levels of education and training are growing and the costs to attend post-secondary training are increasing. With more and more shareholders applying for scholarship support to achieve their education goals, the Foundation is grateful for the generous and continued support from all its contributors who donate and invest in our scholarship programs.”

###

The BBNC Education Foundation is a non-profit 501(c)(3), organized in the State of Alaska. Its mission is to support and encourage BBNC Shareholders to pursue educational opportunities and to promote and preserve cultural heritage. The BBNC Education Foundation scholarship programs include higher education and vocational training as well as short-term training to help BBNC shareholders achieve specialized certifications or training in order to enhance their employment or career opportunities.

BBNC Education Foundation receives sizeable donation as Rio Tinto withdraws from Pebble Project

FOR IMMEDIATE RELEASE:
April 7, 2014

CONTACTS:
Greta Goto, Executive Director, BBNC Education Foundation
This email address is being protected from spambots. You need JavaScript enabled to view it. or 907-278-3602

Jason Metrokin, President/CEO, Bristol Bay Native Corporation
This email address is being protected from spambots. You need JavaScript enabled to view it. or 907-278-3602

BBNC Education Foundation receives sizeable donation as Rio Tinto withdraws from Pebble Project

Bristol Bay Native Corporation Education Foundation Executive Director Greta Goto is releasing the following statement concerning today’s announcement that Rio Tinto has elected to withdraw from the Pebble Project by donating its ownership stake in Northern Dynasty Minerals, to the BBNC Education Foundation and the Alaska Community Foundation:

“Rio Tinto’s gift will benefit organizations that serve the people and communities of Alaska. The gift is expected to increase the BBNC Education Foundation’s ability to meet its mission of supporting educational opportunities for BBNC Shareholders.”

BBNC President & CEO Jason Metrokin further comments:

“Rio Tinto deserves credit for its willingness to reconsider its position in the Pebble Project. This gift provides an example of what open discussion and relationship building between stakeholders with differing views can accomplish. However, BBNC’s opposition to the proposed Pebble mine has not changed.”

###

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 (ANCSA), BBNC works to ensure the continuation of the life and culture for over 9,500 shareholders – the Eskimo, Indian and Aleut Natives of Southwest Alaska’s Bristol Bay region.

The BBNC Education Foundation is a non-profit 501(c)(3), organized in the State of Alaska. Its mission is to support and encourage BBNC Shareholders to pursue educational opportunities and to promote and preserve cultural heritage.

Statement regarding the EPA beginning the process to protect Bristol Bay fishery

 

FOR IMMEDIATE RELEASE
February 28, 2014

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

Statement regarding the EPA beginning the process to protect Bristol Bay fishery

Bristol Bay Native Corporation (BBNC) President and Chief Executive Officer Jason Metrokin has released the following statement in response to the U.S. Environmental Protection Agency (EPA) announcement that they are beginning a process under the Clean Water Act to protect the Bristol Bay fishery from the potential destructive impacts of the proposed Pebble mine:

“Bristol Bay Native Corporation appreciates that EPA will identify appropriate options to protect Bristol Bay from the risks Pebble poses. While BBNC supports responsible development, including mining, the science has shown that the proposed Pebble mine presents unacceptable risks to Bristol Bay salmon, people and existing economies. BBNC shareholders and area residents overwhelmingly agree. We will continue to focus on ending the threat of the proposed Pebble mine and on creating other appropriate economic opportunities and jobs.”

 ###

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 (ANCSA), 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.

 PDF (96Kb)

 

Read EPA's letter initiating Clean Water Act 404(c) review of mining at Pebble deposit here.

Job Opportunities at BBNC and Subsidiaries

Bristol Bay Native Corporation is accepting applications for an Executive Assistant to provide professional administrative support in the daily operations of the administrative department.

Read the full job description and apply online before August 8, 2014 by clicking here.

 


 

Bristol Bay Native Corporation subsidiary Peak Oilfield Service Company is seeking applications for serveral open positions around Alaska. Peak is an equal opportunity employer and offers a competitive salary and benefits package. Post offer/Pre-employment screening including drug testing, functional capacity testing and other pre-employment tests are required.

Current openings include:

- Payroll Specialist (Anchorage)
- Receptionist (Anchorage)
- Skilled Mechanic - Kenai Area
- Kenai Vac Truck Operators

To see current job openings and job descriptions available at Peak, please visit their website at http://www.peakalaska.com/jobs.html

Peak is a wholly owned subsidiary of Bristol Bay Native Corporation (BBNC) and as such extends preference to BBNC Shareholders, Shareholder Spouses and Descendants. If you fit into one of these categories, please indicate this on your resume.

 


 
Brisol Bay Native Corporation subsidiary Mission Lodge is seeking a caretaker to work at the lodge in Aleknagik this summer.

For more information, please contact Rick Baird at (800) 426-3602.

 


 

 Find more job opportunities in and outside of Alaska by doing a job search here.

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.”

###

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.