An agreement between the Canadian and British Columbia governments to boost resource development in the province includes a $500 million federal pledge (about US$350 million) to expand the capacity of a power line to the Red Chris Mine in the Stikine River watershed.
The mine operator and 70% owner, Denver-based Newmont, along with its joint-venture partner, Vancouver-based Imperial Metals, are studying the feasibility of expanding the open-pit copper and gold mine to recover additional ore and extend its life.
British Columbia regulators approved the expansion project last month.
The mine exp...
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