Get an instant offer on your damaged car
Our pickup partner will do a quick inspection, and hand you a check.
Mining News | 2026-06-22 07:04:04
The Red Chris mine, located in British Columbia’s Golden Triangle, is operated by Newmont, which holds a majority stake, in partnership with Imperial Metals, which owns the remaining 30% interest.
SEATTLE (Scrap Monster): Newmont Corporation has received key regulatory approvals for the expansion of its Red Chris mine in British Columbia (B.C).
The approval will pave the way for the transition from open-pit mining to a large-scale underground block cave operation, extending the mine’s operating life into the mid-2040s. Also, it further reinforces Newmont’s long-term commitment to northwest British Columbia
The latest approvals include an amended Environmental Assessment Certificate and an amended Mines Act permit. Both these permits were secured through a consent-based process involving the Tahltan Nation.
ALSO READ:
Newmont Tops Global Gold Producers as Output Hits 3,300 Tons in 2025
Newmont Commits $800M to Extend Cerro Negro Mine Life
Newmont is advancing a definitive feasibility study and detailed cost estimate ahead of a final investment decision expected later this year. Once developed, the Red Chris Block Cave project is projected to create more than 1,800 construction jobs and sustain approximately 1,500 operating positions. Also, it is expected to boost Canada’s copper production by around 15%.
The Red Chris mine, located in British Columbia’s Golden Triangle, is operated by Newmont, which holds a majority stake, in partnership with Imperial Metals, which owns the remaining 30% interest.
The Red Chris copper-gold porphyry deposit contains an estimated 20 million ounces of gold and 13 billion pounds of copper across measured, indicated, and inferred resources.
Newmont secured an amended Environmental Assessment Certificate and an amended Mines Act permit for the mine expansion project.
The project will transition the mine from an open-pit operation to a large-scale underground block cave mining operation.
The expansion is expected to extend the mine’s operating life into the mid-2040s.