The mine started operations in 2007 and produced about 500 million pounds of copper since.
The idled Minto mine in central Yukon, which began operations in 2007 and produced about 500 million lb. of copper since, is officially up for sale. last week that it’s soliciting offers for the entire property or parts of it. The initial bidding period will end on Oct. 6, 2023, the auditing firm said.The launch of the sales process comes about four months after the sudden suspension of the copper-gold-silver mine, which had been operated by the.
Prior to the suspension, the territorial government had warned that the mine’s tailings storage pits were running out of room, thus increasing the risk of untreated water spilling into the nearby Minto Creek, and from there into the Yukon River. However, it had been well-documented that the company was dealing with financial difficulties. John Streicker, Yukon’s mines minister,that the government has about C$75 million in security payments from Minto, which it had fallen behind.
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