Looking for Tenders

Article

Molybdenum mine gets government permit

0 196 Home

Bill Bennett, Minister of Energy and Mines and Minister Responsible for Core Review, announced the $812 million Kitsault mine project located 140 kilometres north of Prince Rupert has received its Mines Act permit.

Bill Bennett, Minister of Energy and Mines and Minister Responsible for Core Review, announced the $812 million Kitsault mine project located 140 kilometres north of Prince Rupert has received its Mines Act permit.

Avanti Kitsault Mine Ltd. – a wholly owned subsidiary of Avanti Mining Inc. – is targeting 2015 to begin construction and 2017 for operations,

The molybdenum mine is expected to produce 45,500 metric tonnes of ore per day during its 14-year mine life.

Kitsault will employ about 700 people during a two-year construction period and 300 full-time workers during operations.

The project is located on Nisga’a traditional territory in the Nass Wildlife Area, and the Province and the Nisga’a are currently in discussions regarding an Economic and Community Development Agreement (ECDA). ECDAs are agreements between the Province and First Nations that support First Nations partnerships and create certainty on the land through the sharing of direct mineral tax revenue on new mines and major mine expansions.

Avanti Kitsault Mining Ltd. was issued a provincial Environmental Assessment (EA) certificate for their Kitsault Mine on March 18, 2013 and a Federal EA decision is pending. Since 2011, three new major mines have begun operations (Copper Mountain, New Afton and Mt. Milligan) and three more mines will open this year (Yellow Giant, Red Chris and Roman).

In addition, four more mines are permitted (Bonanza Ledge, Treasure Mountain, Quintette and now Kitsault), and seven major expansions of existing mines have been completed. British Columbia currently has over 30 major mine and expansion project proposals moving through the environmental assessment and permitting process.

JOC NEWS SERVICE

by Journal Of Commerce

Related tags

Leave a comment

Or register to be able to comment.