Thompson Creek aims to start copper mine by 2013

Nov 19, 2010 | 01:05 PM | Thorsten Schier

Thompson Creek Metals Co. Inc. will develop its recently acquired Mount Milligan copper and gold project in British Columbia at an estimated cost of $900 million, with production expected to start in the third quarter of 2013, vice president of sales and marketing Mark Wilson said.

Copper reserves for the project stand at 2.1 billion pounds, while gold reserves are at 6 million ounces—the second-largest gold deposit in Canada, according to the company.

After completing the acquisition of Terrane Metals Corp. in October, which had owned the Mount Milligan property since 2006, Thompson Creek Metals is now looking to develop the British Columbia mine site, which has roughly equal deposits of gold and copper, Wilson said Thursday in a presentation in New York.....

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