• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    BC Government Says Pacific Booker Minerals' Morrison Mine Needs Additional Assessment

    Teresa Matich
    Jul. 08, 2015 03:05PM PST
    Base Metals Investing
    TSX:III

    The BC Environmental Assessment Office has reconsidered Pacific Booker Minerals’ $2.5-billion Morrison project, and has ordered that it undergo further assessment.

    The BC Environmental Assessment Office has reconsidered Pacific Booker Minerals‘ (TSX:BKM) $2.5-billion Morrison project, and has ordered that it undergo further assessment. 
    Pacific Booker will have three years to provide additional information once a supplemental application requirements document is provided, as per an information bulletin from the Environmental Assessment Office.
    In the bulletin, Environment Minister Mary Polak and Energy and Mines Minister Bill Bennett outline a number of factors that influenced their decision, including what they see as issues with fundamental aspects of the mine’s design and proposed mitigation measures, as well as “insufficient baseline information about and understanding of the Morrison Lake ecosystem” and “the environmental and other values at stake.” Morrison Lake is home to a unique population of sockeye salmon, the ministers state.
    “The ministers concluded that the information currently available to them does not provide them with a sufficient level of confidence that the mine͛s design can sufficiently protect the environment,” the bulletin notes.
    Additional assessments needed for the project will include an analysis of the capacity of Morrison Lake to assimilate treated waste water from the mine, and further analysis of sockeye salmon use of the area. Additional analysis of whether the mine is likely to have significant adverse effects on the environment will be included as well.
    Furthermore, the ministers state that scope of the updated assessment should include “further engagement with Lake Babine Nation and other First Nations with respect to their perspectives and opinions about the mine and the potential effects on their Aboriginal Interests.”


    In its release on the government’s decision, Pacific Booker notes that “[t]he scope of the further assessment includes many components which were required to be completed in support of the Mines Act/Environmental Management Act permits and was planned to be completed prior to applying for permits after receiving the Environmental Assessment Certificate.”
    The proposal for the open-pit Morrison mine was rejected by the former ministers of energy and mines and the environment in 2012. Pacific Booker sued the province and won the right for the proposal to be reconsidered — the Supreme Court ruled that the company hadn’t had ample opportunity to respond to concerns raised during the assessment process.
    However, the project was put on hold again following a disastrous tailings dam collapse at Imperial Metals’ (TSX:III) Mount Polley copper-gold mine last August. BC called for independent third-party reviews of tailings ponds across the province following the breach.
    Mount Polley could reopen this July, less than a year after it was put on care and maintenance following the event.
    Meanwhile, Imperial Metals has received a green light for its Red Chris mine in Northern BC, which, like Mount Polley, has seen some controversy. As The Canadian Press notes, the mine has faced “considerable opposition” from local First Nation and Alaskans, as it is located about 130 kilometers from the Alaskan border. Construction of Red Chris was completed in November 2014, and Imperial Metals started trucking concentrate from the mine to the Port of Stewart in BC prior to receiving its final permit.
    For now, investors will have to wait and see what Pacific Booker’s next move will be. The company’s share price dipped 2.73 percent, to $5.35, on the TSX Venture before trading was halted during Wednesday trading hours.
     
    Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article. 
    Editorial Disclosure: Pacific Booker Minerals is a client of the Investing News Network. This article is not paid-for content. 
    Related reading:
    BC Calls for Independent Third-party Review of Tailings Ponds Across Province
    tsx:iiicopper investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Grande Portage Resources (TSXV:GPG)

    Grande Portage Submits Special Use Permit Application for Environmental Infrastructure at the New Amalga Gold Project

    Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

    Heritage Announces LIFE Offering and Provides Corporate and Exploration Update

    Latest News

    Cobre Limited: Unlocking Copper and Critical Minerals for a Low-carbon Future

    Bold Ventures Receives Exploration Permits for the Burchell Gold Copper Project and Highlights Ring of Fire News

    Heritage Mining Provides Exploration and Melba Project Update

    Group Eleven Drills 6.2m of 312 g/t Ag and 0.95% Cu, incl. 2.8m of 549 g/t Ag and 1.77% Cu in a 90m Step-Out, Further Supporting Deeper Cu-Ag Target at Ballywire

    Prismo Metals Discovers Two Separate Mineralized Veins at Silver King

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA

    Los Andes Copper

    LA:CA

    Questcorp Mining

    QQQ:CC

    Cygnus Metals

    CYG:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×