Canada Backs Red Chris Mine Expansion With C$500M to Boost Copper Output
Mining News | 2026-07-06 08:14:40
The expansion recently secured key regulatory approvals, allowing the mine to transition from its existing open-pit operation to an underground block cave mine.
By Paul Ploumis
SEATTLE (Scrap Monster): The Canadian government has announced a C$500 million (US$352 million) investment to support the expansion of the Red Chris Block Cave mining project in British Columbia.
According to the government, the funding will help increase Canada's annual copper production by more than 15% in addition to strengthening supplies of critical minerals. Once the underground operation becomes fully operational, greenhouse gas emissions will be reduced by over 70%, it noted.
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The expansion recently secured key regulatory approvals, allowing the mine to transition from its existing open-pit operation to an underground block cave mine. It is expected to extend the mine's operating life into the mid-2040s.
The project, located in Golden Triangle in B.C. region, is estimated to contain approximately 20 million ounces of gold and 13 billion pounds of copper across measured, indicated, and inferred mineral resources. It is is one of Canada's largest copper-gold assets. The mine is operated by Newmont, which holds a majority stake in the project through a joint venture with Imperial Metals, which owns the remaining 30% interest.
Newmont welcomed the federal government's decision, saying that it will further strengthen the project's economic outlook. In addition to increasing domestic copper output, the project is expected to deliver substantial economic benefits.
The investment highlights Canada's continued focus on expanding domestic supplies of critical minerals.
POLL
What is the primary objective of Canada's C$500 million investment in the Red Chris Block Cave project?
Frequently Asked Questions
- How much is the Canadian government investing in the Red Chris project?
The government is investing C$500 million (US$352 million) to support the expansion of the Red Chris Block Cave mining project.
- What are the expected benefits of the project?
The expansion will boost Canada's annual copper production by more than 15%, extend the mine's life into the mid-2040s, and reduce greenhouse gas emissions by over 70%.
- Who operates the Red Chris mine?
The mine is operated by Newmont through a joint venture with Imperial Metals, which owns a 30% stake.
