Newmont, Imperial Metals bags $500m Canadian gov support for Red Chris expansion

From miningweekly.com

TSX-listed Imperial Metals has confirmed it will receive $500-million from the government of Canada to advance the Red Chris mine block cave transition, under the Canada-British Columbia Cooperative Prospectivity Agreement. As the Red Chris joint venture advances through the internal approval process toward a final investment decision, this commitment strengthens the business case for the development of its proposed block cave copper/gold operation.  "Our joint venture partner, Newmont Corporation, is in the process of completing a definitive feasibility study for the project. The Red Chris block cave is expected to ... (full story)