jeff kyba january 2015 BCBusiness 67
StatuS: Construction is expected to start this spring, subject
to financing. Production is scheduled for the fourth quarter of
2016. The project will cost about $198 million, which is lower
than previous estimates.
StatuS: The project received its environmental assessment
certificate from the B.C. government in 2013 and an amended
mines act permit in 2014. Construction started in the sum-
mer of 2014, and production is expected to begin in 2017. Total
investment into the project is estimated at $1 billion. Once
developed, Kitsault is expected to become one of the world's
largest primary producers of molybdenum, a metal used to
strengthen steel.
StatuS: Permitting is underway for
the underground mine, and the
project is in the midst of an envi-
ronmental assessment by both
the provincial and federal gov-
ernments. The company is now
seeking financing to help build the
mine, which is estimated to cost
about $747 million (U.S), based on
a 2014 feasibility study. Production
is estimated to start in 2017.
Kitsault (molybdenum)
Owner: alloycorp Mining Inc.
LOcatiOn: 140 km northeast of Prince rupert
tulsequah
(Copper/Zinc/lead/silver/Gold)
Owner: Chieftain Metals Inc.
LOcatiOn: northwestern b.C. on the Tulsequah river near its
junction with the Taku river, about 100 km south of atlin
bruCejaCK (Gold/silver)
Owner: Pretium resources Inc.
LOcatiOn: about 65 km north
of Stewart
