Northern Dynasty +11.6% as it takes full interest in Pebble, Anglo exits

|About: Anglo American plc (AAUKF)|By:, SA News Editor

Northern Dynasty Minerals (NAK +11.6%) exercises its right to acquire 100% of Anglo American's (AAUKF, AAUKY) interest in the Pebble copper/gold/molybdenum project in Alaska.

NAK, which has partnered with Anglo for six years, will now go it alone and have the full benefit of the cash spent on the project - $556M so far, NAK says.

NAK says a final decision on permit filing for the controversial project would be made in 2014.