BBNC Statement on PLP Pebble Performance Dividend

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June 16, 2020

Daniel Cheyette, Vice President, Lands & Natural Resources
(907) 278-3602 or

Bristol Bay Native Corporation (BBNC) President and CEO Jason Metrokin issued the following statement regarding the “Pebble Performance Dividend” that the Pebble Limited Partnership (PLP) announced earlier today:

The Pebble Performance Dividend is the latest attempt by PLP to try to win support from the people of Bristol Bay for the proposed Pebble mine. PLP’s past efforts have failed and we expect this effort to fail as well.

The Pebble Performance Dividend is the most recent example in a long history of deception and broken promises from PLP. PLP is promising a dividend ‘once construction begins’ which, according to its own timeline (an unrealistically rosy one at best), is still at least 3-4 years away. Why would PLP open a 75-day application period now for a potential dividend that is multiple years away? This is just another PLP tactic to try to sway public opinion on this vastly unpopular project.

BBNC’s opposition to the proposed Pebble mine is rooted in our shareholders’ culture and subsistence way of life and is strengthened by the good science that concludes that the proposed mine would cause unacceptable and irreparable adverse impacts to the Bristol Bay region. We will not trade salmon for gold, and we will not be swayed by promises of cash payments from a proposed mine that cannot and should not be built.

PLP has never earned our trust. From telling investors one story and Alaskans another about the size and scope of the mine, to promising yet never delivering an economic feasibility study, to refusing to address the numerous data gaps and technical deficiencies in the Draft EIS and Preliminary Final EIS, it is impossible to distinguish fact from PLP’s fiction.

PLP should spend its time and resources addressing the many concerns raised by the EIS process rather than on a pay-off program premised on a mining project that has no future in Bristol Bay.


About BBNC: 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 protect the land in Bristol Bay, celebrate the legacy of its people, and enhance the lives of its shareholders.