Federal government takes control of abandoned zinc mine in Yukon – Canadian Press (Financial Post – May 1, 2018)

http://business.financialpost.com/

WHITEHORSE — The Federal government has taken control of cleaning up a lead and zinc mine in Yukon, 20 years after the former operators declared bankruptcy and abandoned the site.

Yukon’s abandoned mines director, Stephen Mead, says Indigenous and Northern Affairs Canada officially took the Faro Mine over Tuesday. He says Parsons Corp., the company that has been managing site, has a contract to continue its work until April 2020.

Mead says a two-year, $100-million construction project will begin this summer to better manage water in the area, collecting and treating contaminated water and diverting away clean water.

The mine operated on the 25-square-kilometre site in south-central Yukon for nearly 30 years before Anvil Range Mining Corp. went bankrupt and walked away from the site in 1998.

Indigenous and Northern Affairs Canada says the operations left behind 70 million tonnes of tailings and 320 million tonnes of waste rock, which have the potential to leach heavy metals and acid into the surrounding land and water.

For the rest of this article: http://business.financialpost.com/pmn/business-pmn/federal-government-takes-control-of-abandoned-zinc-mine-in-yukon

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