Endako mine life extended to 2028

The Endako mine near Fraser Lake has announced an extension of its mine life by just under two years after a recently discovered increase in metal reserves at the site.

The Endako mine near Fraser Lake has announced an extension of its mine life by just under two years after a recently discovered increase in metal reserves at the site.

The molybdenum mine is owned by Thompson Creek Metals and began its operations in 1965. The mine currently employs just under 300 people from across the local area.

The new metal deposits that have been discovered should see operations continue until 2028.

“The updated reserves estimate illustrates the significant value of the Endako mine,” said  Kevin Loughrey, Chairman and Chief Executive Officer of Thompson Creek in a press release last week.

“We believe the resource base at the Endako mine will continue to expand with our 2011 drilling program and future exploration,” he added.

Thompson Creek plans to conduct further drilling programs at Endako over the coming months, the results of which will be released in 2012.

 

A new mill facility currently in construction at the mine is expected to be completed early on in 2012. The new facility is expected to increase throughput from 31,000 tons to 55,000 tons per day.

 

 

Just Posted

Skeena Watershed reopened for recreational pink and coho

Four sections and tributaries remain closed

Vanderhoof mayor frustrated over province’s back-and-forth orders over river management

Rio Tinto was asked to suspend their summer temperature management program on Aug 2 and the order was reversed on Aug 8

Skeena-Bulkley Valley candidates react to finding Trudeau broke ethics law

The election campaign is heating up before the writ has even dropped

Traffic collision on Highway 16

Occupants of the car sustained non-life threatening injuries

QUIZ: How much do you remember about Woodstock?

Weekend music festival in Bethel, New York, was held 50 years ago

U16 B.C. fastpitch team named national champs

Girls went undefeated at national tournament in Calgary

Advocates ‘internationalize’ the fight to free Raif Badawi from Saudi prison

Raif Badawi was arrested on June 17, 2012, and was later sentenced to 1,000 lashes and 10 years in jail for his online criticism of Saudi clerics

Canadian entrepreneurs turning beer byproduct into bread, cookies and profits

Some breweries turn to entrepreneurs looking to turn spent grain into treats for people and their pets

Canada ‘disappointed’ terror suspect’s British citizenship revoked

Jack Letts, who was dubbed “Jihadi Jack” by the U.K. media, has been detained in a Kurdish prison for about two years

Chrystia Freeland condemns violence in Hong Kong, backs right to peaceful assembly

There have been months of protests in the semi-autonomous region

B.C. VIEWS: Log exports and my other errors so far in 2019

Plastic bags, legislature overspending turn out differently

Most Read