Nicola Mining Commences Phase 1 Exploration at the New Craigmont Copper Project
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Press Release - MINING COM
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The plan to extend B.C.’s electricity grid into remote northwestern B.C. could be revived soon with the support of mining projects in the region, Minister of State for Mining Kevin Krueger says.
Construction on the Galore Creek copper-gold mine was abruptly halted late last year after mining companies NovaGold Resources and Teck Cominco saw cost estimates on the mine more than double to $5 billion due to difficulties handling mine tailings. The setback also put government plans for a $400 million power line on hold, since they depended on a $158 million share from the Galore Creek project.
“What they’ve told the public and the government is that they’re looking to find a different place to mill the ore,” Krueger said Tuesday. “They think they could save money substantially if they didn’t have the mill in the Galore Creek valley because of the volume of water that Galore Creek has itself from all the melting glaciers. So they’re looking for a dryer valley and using
Nicola Mining unterzeichnet Kaufvertrag für Gold- und Silberkonzentrat mit Ocean Partners Holdings
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