Newmont (NEM) Corporation welcomes the Province of British Columbia’s approval of “key regulatory authorizations” for the Red Chris Block Cave project. “The approvals enable the transition of the Red Chris Mine from current open-pit operations to block caving, allowing an extension of mine life into the mid-2040s. They mark a significant milestone in stage-gating as Newmont advances toward a final investment decision later this year. The Province’s approvals include an amended Environmental Assessment Certificate, achieved through a consent-based process with the Tahltan Nation, as well as an amended Mines Act permit. The Red Chris mineral endowment offers decades of further upside potential beyond this initially permitted phase,” the company stated.
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