May 7, 2012 / 1:12 PM / in 5 years

Imperial Metals gets mining permit for British Columbia project

(Reuters) - Imperial Metals Corp III.TO said it had received a mining permit for its Red Chris copper-gold project in British Columbia.

Imperial Metals, which also has two open pit mines in British Columbia -- the Mount Polley copper-gold mine and the Huckleberry copper-molybdenum mine, said mine development at Red Chris will include a 30,000 ton per day milling operation.

Red Chris, owned by Imperial Metals, received provincial and federal environmental approvals in 2005 and 2006, respectively.

Red Chris' 2012 resource report shows a 103 percent jump in mineral resource. The project has a 28 year life, according to the company's website.

Shares of the Vancouver, British Columbia-based company, which has a market capitalization of C$1.12 billion, closed at C$15.06 on Friday on the Toronto Stock Exchange.

Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Roshni Menon

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below