Imperial Metals Corp

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Imperial Metals Corporation
Public
Traded as TSXIII
Industry Metals and Mining
Founded 1959 Imperial Metals and Power Ltd
Headquarters Vancouver, Canada
Key people
J. Brian Kynoch, President and Director
Products Gold, copper, zinc, lead, molybdenum
Revenue C$187.8 Million (2013)[1]Decrease5.8%
C$41.0 Million (2013)[1]Increase25.7%
Website www.imperialmetals.com

Imperial Metals Corporation known as IMI Imperial Metals Inc until 2002, is a Canadian metals and mining company. Engaging in the acquisition, exploration, development, mining, and production of base and precious metals in North America, the majority of its holdings and operations are in British Columbia.

In 2016 the Company produced 119.17 million pounds of copper, 94,930 ounces gold and 330,960 ounces silver from its Mount Polley and Red Chris mines. [2]

Operations[edit]

Imperial has two operating mines in British Columbia, one in southern Nevada, and two exploration stage projects also in British Columbia currently under development.

Mount Polley Mine[edit]

The Mount Polley Mine located 100 km northeast of Williams Lake, British Columbia is an open pit copper/gold mine that started operation in 1997. Exploration on the property continues concurrent to mining operations with the expected lifetime of the mine expiring in 2025.[3] In August 2014 the Mount Polley Mine was the site of the Mount Polley mine disaster. Since the 2014 disaster the mining company has faced substantial protests mounted by local indigenous activist Kanahus Manuel and other members of the Secwepemc Nation.[4]

Red Chris Project[edit]

Map of the Red Chris Mine Property

The Red Chris project is an under construction open-pit copper/gold mine with a targeted commissioning date for late 2014.[5] The mine property is located outside of the community of Iskut, with the Klappan River flowing through the property less than 20 km from its confluence with the Stikine River. The mine's proximity to the Sacred Headwaters and the transboundary nature of environmental management in this region has raised concerns across the border on the Alaskan panhandle. On February 1, 2015, the Globe and Mail reported that commercial fisherman, native organizations, and the mayors of Sitka and Petersburg have released a joint statement requesting an "equal seat at the table with Canada in discussions about how and if watersheds shared by both countries are developed."[6]

References[edit]

  1. ^ a b "Imperial Metals Company Profile (III), Bloomberg". 2015-02-03. 
  2. ^ "Imperial Metals Reports 2016 Production". juniorminingnetwork.com. Retrieved 2017-01-17. 
  3. ^ "Imperial Metals, Mount Polley Web Overview". 2015-02-03. 
  4. ^ Kresnyak, Danny (April 29, 2015). "First Nation group launches protest to halt re-opening of Mount Polley mine". Vancouver Observer. Retrieved July 15, 2016. 
  5. ^ "Imperial Metals, Red Chris Web Overview". 2015-02-03. 
  6. ^ Hume,Mark. "Mount Polley Spill taints Alaska-B.C. mine relations." The Globe and Mail. February 1, 2015.