Teck, Taku River Tlingit First Nation, BC partner on Tulsequah Chief mine remediation

Date:

A report prepared for the ministry in 2020 estimated the capital cost of closing the mine and the reclamation work at C$48 million (about $36m). The cost of annual monitoring and maintenance is estimated at C$27 million ($20m) 

The Tulsequah Chief mine site, located within TRTFN territory approximately 100 kilometres southwest of Atlin, is a historic underground copper, lead and zinc mine, which was operated from 1951-1957 by Cominco, a predecessor company to Teck, and is currently owned by Chieftain Metals Inc. 

The leadership of the TRTFN has been saying since 2018 that the Tulsequah Chief mine needs remediation to prevent further degradation of the Tulsequah River.  

Work at the mine was suspended since the Toronto-based Chieftain Metals filed for receivership in 2016, over C$27 million in debt.  

“The Taku River Tlingit First Nation is committed to ensuring the Tulsequah Chief Mine is remediated and restored to natural…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...