Imperial Metals in Red Chris copper-gold JV with Newcrest after stake sale

Imperial Metals has completed the sale of a 70% stake in its wholly-owned Red Chris copper and gold mine in British Columbia, Canada to Newcrest Mining, creating a joint venture with Newcrest as the operator.

The deal, initially announced in March, aims to use Melbourne, Australia-based Newcrest’s block-caving expertise to mine the deep resource beneath the current open pits and exploit high grades of copper and gold in the deep East zone.

Imperial - based in Vancouver,...

Published

Andrea Hotter

August 19, 2019

16:25 GMT

New York