How Mount Polley failure delivered Red Chris to Newcrest

OPPORTUNITIES in the mining space present themselves in many different ways. And so it is with Newcrest’s deal to acquire a 70% interest in the Red Chris copper-gold mine in British Columbia from Vancouver’s Imperial Metals for US$806.5 million, writes Barry FitzGerald.

How Mount Polley failure delivered Red Chris to Newcrest How Mount Polley failure delivered Red Chris to Newcrest How Mount Polley failure delivered Red Chris to Newcrest How Mount Polley failure delivered Red Chris to Newcrest How Mount Polley failure delivered Red Chris to Newcrest

The aftermath of the Mount Polley tailings spill

The deal has its genesis in the August 2014 tailings dam collapse at another BC mine owned by Imperial, the Mount Polley copper-gold mine.