Company now focused on $2.6-billion block cave mining project at Red Chris mine.
Nearly ten years ago, on August 4, 2014, one of Canada’s worst mine disasters occurred when a tailings pond at the Mount Polley copper mine near Williams Lake collapsed, spilling 20 million cubic metres of water and mine slurry into Hazeltine Creek, Polley Lake and Quesnel Lake and mowing down trees and erasing streambeds.
“When we did the tour with our elders group…you really get a better idea of the amount of work that has been done to date – tens of millions of dollars worth of remediation and reclamation work that’s happened at that mine site in that disaster area,” Sellers told BIV News. “We didn’t run away from a big problem," he said. "We got down to work and figured out how we were going to put the creek back together and make things right. From my perspective, we’ve done that.”
Two engineering firms responsible for the tailings pond’s design, maintenance and supervision were sued by Imperial Metals, however, which got $108 million in an out-of-court settlement, and one of the engineers of record faced a disciplinary hearing, and was eventually fined $25,000 and was banned from practising as a professional engineer in B.C.
Since the disaster, Imperial Metals has struggled not only with the cost of remediation and loss of revenue from the mine shutting down, but with low copper prices as well, which forced the shuttering of Huckelberry mine. “Mount Polley will be profitable this year,” Kynoch said. “Both Mount Polley and Red Chris had good first halfs for production.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold/silver: Introducing the metals edgeThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Copper sinks below US$9,000 threshold as metals selloff deepensCopper tumbled — falling below the US$9,000-a-ton threshold for the first time since early April — on the back of a selloff in global stock markets and rising pessimism about the outlook for demand in China and elsewhere.
Read more »
Copper Sinks Below $9,000 Threshold as Metals Selloff Deepens(Bloomberg) -- Copper tumbled — falling below the $9,000 a ton threshold for the first time since early April — on increasing pessimism on the global, and...
Read more »
Canada's Imperial Oil reduces non-essential staff at Kearl as wildfires spreadThere are 430 wildfires in British Columbia with another 172 in Alberta including those near the key oil sands hub of Fort McMurray in northern Alberta...
Read more »
Imperial Oil reduces non-essential staff at Kearl as wildfires spreadThere are 430 wildfires in British Columbia with another 172 in Alberta including those near the key oil sands hub of Fort McMurray in northern Alberta
Read more »
Bitcoin, oil, and precious metals dip as DXY rallies after Biden exitThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »