Canada mine closed after spill receives permits to reopen

Thu Jul 9, 2015 3:08pm EDT
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TORONTO (Reuters) - A copper-gold mine in British Columbia that has been shut since a tailings spill last August can resume scaled-back operations after receiving permit amendments from the province, Imperial Metals Corp III.TO said on Thursday.

The permits allow the mine to process a maximum of 4 million tonnes of ore over one year, about 50 percent of the Mount Polley mine processing plant capacity, Imperial said.

Rehabilitation and restoration work will continue on areas affected by the August tailings pond collapse, which sent billions of gallons of gray sludge containing metals and minerals gushing into waterways in the province's interior region.

The mine, one of four small mines operated by Vancouver-based Imperial, produced 38.5 million pounds of copper and 45,800 ounces of gold in 2013.

Shares of the company were up 7 percent at C$9.50 on Thursday on the Toronto Stock Exchange.

(Reporting by Susan Taylor; Editing by Grant McCool)

The results of a tailing pond breach  at Imperial Metals Corp's gold and copper mine at Mount Polley in central British Columbia are pictured August 4, 2014  in this still image from aerial handout video provided by Cariboo Regional District. REUTERS/Cariboo Regional District/Handout via Reuters