It was fundamentally important for the Terrane Metals Mt. Milligan Mine project to hold its own. “We are at the federal permitting and environmental assessment phase,” said Ryan King, Terrane Metals Investor Relations, “We’re probably one year away from construction,” he said , “It will be 2012 before production starts on copper concentrate to be smelted in Asia.”
The company placed orders for industrial machinery and equipment to be installed at the mine site. Glen Wonders is Vice President of Corporate Affairs and Sustainability for Terrane Metals at Mt. Milligan Mine, and works with local parties affected by the mining operations scheduled to ensue 155 km northwest of Prince George, B.C..
“It is very hard to access debt capital at the moment, lending institutions are very cautious,” said Wonders. He was, like everyone, “waiting for investor confidence to return. It’s not about our mine. You have to keep the problems in perspective. It remains a favorable mine,” he said.
“You have to be an optimist to be in mining. Miners as a group are always optimistic.” He said the Mt. Milligan Mine is in the midst of federal and provincial permitting processes while the Environmental Assessment has been done on the provincial side and a technical review is underway on the federal side.
One of the most important functions for Wonders is liaison with First Nations. “Our engagement with First Nations is detailed in the discussions about employment. The mine means potential jobs for First Nations people if the mine receives all needed approvals and financing,” said Wonders. Those he has been involved with are from Ft. St James, McLeod Lake, West Moberly, and Halfway First Nations. “The mine is on the treaty land of McLeod Lake First Nation,” said Wonders.
The Nak’azdli First Nation took umbrage with the claim that the project is backed by the First Nation on whose lands it is located. They recently disputed the McLeod Lake claim to the territory. Wonders lived in Prince George for many years and is aware of the crisis in forestry jobs that surrounds the region, reducing employment in towns like Mackenzie and Ft St James north of Prince George. “The mine is a beacon of light for a lot of people.”
