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The Pebble Partnership

Home
The Plan
Project Overview
Mining & Processing
Tailings Storage
Water Management
Transportation Route
Port Facilities
Power & Pipeline
Reclamation
The Facts
Dear Alaskans...
Where is Pebble?
How Big is It?
What About the Fish?
Are Tailings Toxic?
Okay... Earthquakes!
But the Science...
Who Benefits?
What are the Facts?
Final EIS
Current Status
Executive Summary
Table of Contents
Stay Engaged
All EIS Documents
Background
Our Commitment
Why We Mine
Green Technologies
Geography
People & Culture
Geology
The Environment
Economic Opportunity
News & Media
News Releases
Publications
Newsletters
Posters
Videos
Photos
Careers
Join the Pebble Team
Employment Booklet
Colleges & Universities
Apprenticeship Programs
Contact Us
GTI Tech Account
June 16, 2020

Pebble Partnership Announces Revenue Sharing Plan for Bristol Bay Residents

GTI Tech Account
June 16, 2020

Launches website for residents to register

Anchorage, Alaska – Pebble Partnership CEO Tom Collier today announced that the company has created the Pebble Performance Dividend (PPD) to distribute a percentage of the revenue generated from the operation of a mine at Pebble to year-round residents of Bristol Bay.

“When we rolled out our new, smaller mine plan in 2017, I made a commitment to find a way to share the opportunity Pebble represents with the residents of Bristol Bay. While not everyone will want to work at the mine, this ensures a direct way for everyone to participate. Whether a resident supports the project, opposes it, or is neutral, anyone who is a year-round resident can participate,” Collier said. “However, year-round residents who want to share in this opportunity must register their interest.”

PLP created a web portal for Bristol Bay residents to register and learn more about the opportunity – www.pebbledividend.com. Once fully operational and profitable, the PPD will distribute 3% of the net profits from the mine to registered Bristol Bay residents.

As the first several years of development will not yield profits, PLP will ensure a minimum distribution by contributing $3 million dollars annually for distribution to all registered participants. Thus, if 3,000 residents register the PPD will distribute $1000 dollars to qualified participants once construction begins. Residency, governance and distribution will be overseen by an advisory board comprised of well-known Alaskans John Shively and Willie Hensley along with residents from the region.

All Bristol Bay residents who register via the web portal before July 31st will be eligible for a drawing for an annual early Pebble Performance Dividend beginning this year and payable through the start of construction. Five early dividend winners will be chosen from the group of eligible participants registered by July 31st. The web portal will remain open for registration until August 31st.

“Developing a mine at Pebble will provide jobs, economic activity, local tax revenue and infrastructure. Today we are adding one more way residents of the region can directly benefit from Pebble via our revenue sharing plan,” said Collier.

Collier further noted that federal permitting is nearing conclusion with an Environmental Impact Statement and Record of Decision from the U.S. Army Corps of Engineers expected this summer.

Newer PostPebble Seeks Entity to Launch Framework for Bringing Affordable Energy to Bristol Bay
Older PostNo EPA 3(b) Decision Shows Continued Path Forward for Pebble

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Pebble Limited Partnership

2525 Gambell Street, Suite 405
Anchorage AK 99503*
*Please note new address as of Aug. 11, 2021

Phone: (907) 339-2600
info@pebblepartnership.com

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