Endako Molybdenum Mine Expansion
Endako Mine expansion means more jobs for the Nechako and Lakes regions. It's one of the longest-operating molybdenum mines in Canada.
About This Project
Endako is a molybdenum mine owned by Thompson Creek Mining Ltd. (Centerra Gold) and Sojitz Corporation. The mine is located 100 km west of Prince George near Fraser Lake. It has been in continuous production since 1965. Molybdenum is a type of coal ore which is used in the production of steel, particularly stainless and construction grade steel.
The expansion of the mine will amalgamate the three pits. It will also result in a major upgrade to the mine's 42-year-old mill and will create a new facility that will nearly double the current processing capacity to 55,000 tonnes.
The expansion's projected capital cost is approximately $600 million. It is believed that the mining reserves are sufficient to continue operations until approximately 2028 and this expansion will generate approximately $90 - $100 million annually in economic activity such as direct wages, purchases and taxes.
"Our employees, contractors and suppliers have performed an outstanding job meeting the many challenges necessary to reach operational and commercial production so quickly. We continue to make significant progress and ramp up production, and we anticipate full production will be achieved in the second quarter of 2012. Once at full production, the Endako Mine is expected to increase molybdenum production from approximately 10 million pounds per year to approximately 16 million pounds per year (100 per cent basis)," says Kevin Loughrey, Chairman and CEO Thompson Creek Metals.
More Information Online
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Estimated Project Start Date
Estimated Completion Date
First quarter of 2012
Thompson Creek Mining Ltd.
Economic Development Contact
Economic Development Officer
Village of Fraser Lake