Thompson Creek Metals Seeks Government Support for Endako Expansion

Friday, November 23, 2007 02:02 AM

Thompson Creek Metals, which has a 75 % stake in Endako Mines, in the Fraser Lake area,(see photo at right) says it is considering a $373 million dollar expansion.

Seeking approval for the project ,TCM estimates they will be able to increase production at Endako Mines from 28,000 to 50,000 tonnes per day with reserves estimated to last about 16 years.

Additional exploration activity is being conducted on the Endako property outside the current pits, involving both aerial geophysical and soil-sampling geochemical exploration work that may be followed up with diamond drilling.

The company is seeking government support from all levels.

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Posted on Friday, November 23, 2007 02:02 AM in News by 250 News

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Comments

Posted by: Chadermando on November 23 2007 3:57 AM

This is really good news IMO.

Posted by: Andyfreeze on November 23 2007 6:57 AM

Fantastic news!!!
Fire in the hole!!!
Now we will see how much the government really supports mining or if they are just farting in shallow water.
Mt.Milligan should be next, but we will see if they have any balls, or if they will let the natives decide the issue!
What the Campbell government may not be considering is that with the way forestry/logging is going to decline,they had better start supporting alternative industry, and mining is all we have up here!
It will be a major issue at election time!

Posted by: Chester on November 24 2007 8:51 AM

I agree that we need to expand and develop our resource industry's in BC. From the picture, I have a feeling many will have a problem with the consequences. It does make a poor advertisement for Beautiful BC. Unfortunately. Chester

Posted by: Andyfreeze on November 24 2007 10:14 AM

It ain't pretty Chester but, neither is a picture of starving,unemployed people and empty houses!

Posted by: Runner46 on November 25 2007 11:57 AM

Chester,

The darned scar has been there almost 1/3 of a Century now. Has it been a detriment to BBC as yet?