Newcrest Mining has announced plans to develop a block cave mine beneath the currently active Red Chris open pit in northwest British Columbia based on an agreement to acquire a 70% joint-venture interest in the mine from Imperial Metals for $806.5 million.
Newcrest operates one of the world’s deepest block caves at its Cadia East mine in New South Wales, Australia, and believes its experience there can be put to good use at Red Chris.