Nov 25 (Reuters) - The company trying to develop Alaska's
Pebble Mine project on Wednesday said it was "dismayed" by a
U.S. government decision to reject the permit for the
contentious project and vowed to lodge an appeal.
The Pebble Mine would produce 70 million tons of gold,
molybdenum and copper ore a year and create a pit 1,970 feet
(600 meters) deep in Alaskas Bristol Bay watershed.
Shares in Canadian parent company Northern Dynasty Minerals
had earlier lost about 50% of their value.
(Reporting by Jeff Lewis
Editing by Chris Reese)