Mount Polley Could Reopen By End of June

The Canadian Press reported that Imperial Metals’ (TSX:III) Mount Polley mine could reopen by the end of the month. The mine was closed due to a massive tailings dam breach last summer.

As quoted in the publication:

Bennett says the Vancouver-based company has spent nearly $70 million cleaning up the damage caused when the dam burst, but it will take a long time before the area is back to normal.

The mine near Williams Lake has been closed since August, when a dam failure caused 24 million cubic metres of silt and water to spill into nearby lakes and rivers.

Layoff notices were handed last month to 120 employees working on cleanup and repairs at Mount Polley, but the union said at the time that operations could re-start by mid-July if Imperial Metals gets a permit to reopen.

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