The loan will be used for the development of the company's Red Chris gold and copper mine in northwest British Columbia.
On May 20, 2015, the Company signed a credit agreement with a syndicate of international banks for a new Revolving Credit Facility (the "New RCF") for an aggregate amount of $350 million.
The Federal Court has rejected an application by Taseko Mines Ltd. (TSX:TKO) to sue the federal government for rejecting its gold-copper mine in the Cariboo-Chilcotin, but will allow judicial reviews to proceed.
Walter Energy, Inc. says it will come through with $64.2 million in interest payments due May 15 following concerns it was facing bankruptcy.
It also says it is still too early to determine long-term impacts on fish and drinking water.
Miners in Canada’s most western province remain under pressure, as prices for some key commodities, mainly coal and copper, have continued to fall.
A Petronas-led natural gas partnership in British Columbia is offering a Canadian aboriginal community Cdn$1bn to approve a new energy project.
Vancouver ranked 33rd among the world’s most desirable financial centres.
“We are very pleased to see the federal government’s commitments to extend the Mineral Exploration Tax Credit through March 2016 and to expand the eligibility of Canadian exploration expenses,” says David McLelland, Chair of AME BC
The company has submitted plans to restart the mine.
Mine Water Solutions conference scheduled for Vancouver mid-April.
Imperial Metals (TSX:III) recorded a $37.3 million net loss in 2014, thanks largely to the cost of dealing with last year’s tailings pond failure at its Mount Polley mine.
Eleonore is expected to eventually become Canada’s largest gold producing mine.
The regulation forces mining companies to consider the possibility of a tailings disaster and evaluate the environmental, health, social and economic impacts of an accident.
The B.C. Supreme Court case examining the defamation suit launched by Taseko Mines Ltd. against the Wilderness Committee will resume March 31.
Facing intense public pressure to ensure tailings are handled, stored and monitored better, the Mining Association of Canada (MAC) has taken the bull by the horns.
The planned optimization include the Athabasca Twin and the Wood Buffalo extension projects.
A Vancouver junior coal mining company that wants to build an underground coal mine in the Comox Valley on Vancouver Island has withdrawn at the last minute from an environmental screening, just as the Environmental Assessment Office was set to make a ruling.
Commissioning of the flotation circuit with low grade ore commenced on February 15.
Gold remains the most-targeted commodity by volume, according to EY’s latest report.
The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.
The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.
Companies investing in capital assets for the liquefied natural gas industry can expect tax breaks to kick in immediately.
Hardest hit of all B.C. commodities has been metallurgical coal, which is suffering from a double whammy.
British Columbia was accepting comments until Thursday (January 29) on a proposal for the Murray River coal river mine that HD Mining wants to build near Tumbler Ridge.
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