The Pebble Partnership has announced that it will distribute a percentage of the revenue generated from the Pebble mine, in Alaska, to year-round residents of Bristol Bay.
The Pebble performance dividend (PPD), announced on Tuesday, will distribute 3% of the net profits from the mine to registered Bristol Bay residents.
“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,” said Pebble Partnership CEO Tom Collier.