Mt. Milligan Mine Project Gets Federal Approval
By 250 News
Wednesday, December 02, 2009 04:00 AM
Prince George, B.C.- The Terrane Metals Mount Milligan Mine project has taken another significant step forward, it has received Federal Environmental Approval.
Canada’s Minister of the Environment, Jim Prentice has announced the proposed Mount Milligan project is not likely to cause significant adverse environmental effects. The project has now been referred to Fisheries and Oceans and to Natural Resources Canada for the issuing of permits.
Robert Pease, President and CEO of Terrane Metals Corp., is pleased “This approval, together with the British Columbia EA Certificate received in March 2009, clearly demonstrates that the Project will meet or exceed both federal and provincial standards for environmental protection. We look forward to having the opportunity to build BC's next major metal mine."
Mt. Milligan, which is 150km northwest of Prince George, will be a conventional truck-shovel open pit mine with a 60,000 tpd copper flotation process plant. A 2009 Feasibility Update Study forecast average annual production of 262,100 oz gold and 89 million lb copper for the first six years of a 22-year mine life.
The project is expected to provide about 400 direct permanent jobs and significant long-term economic benefits for the region.
The balance of the permits required to start construction are expected in early 2010 and construction is expected to start in the second quarter with the mine expected to start production in late 2012.
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