The Canadian Zinc Corporation believes production could start at Prairie Creek Mine by August 2020. This is according to results of a feasibility study commissioned by the company, which was released Oct. 31.
The study, put together by mining consulting firm AMC Mining Consultants, estimates the Prairie Creek mine could pull in $1.2 billion over its 15-year mine life and create 330 full-time jobs in the Dehcho region.
All of this is dependant on two major things, according to Alan Taylor, chief operating officer of Canadian Zinc. The company must get final approval to build an all-season road to the mine — which is at an advanced stage of construction already — and it must raise the money needed to both build the road and revive the mine.
To do that, the company is out wooing investors to the tune of $279 million. “It’s somewhat encouraging,” said Taylor of the the current state of investor appetite for mining projects. “It’s a pretty cautious market out there. It’s not easy — everything comes at a cost.”
In September, the Mackenzie Valley Land and Water Board recommended the all-season road go forward, and passed the decision along to the federal minister of Crown-Indigenous Relations and Northern Affairs. Canadian Zinc expects to receive an answer by the end of February.
For the rest of this article: http://www.cbc.ca/news/canada/north/canadian-zinc-hopes-to-start-production-at-prairie-creek-mine-in-2020-1.4427635