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On July 15, 2010, Terrane Metals Corp. ("Terrane") announced an agreement whereby Thompson Creek Metals Company Inc. ("Thompson Creek") will acquire Terrane and its assets through a Plan of Arrangement. The announcement has raised some questions and concerns, and we at Terrane want to ensure that we do our best to provide some clarity for our valued shareholders and stakeholders...
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Terrane Metals Corp is a Canadian mineral development and exploration company. The cornerstone of our business plan is to develop large-scale mineral deposits with defined resources into operating mines. Our Key assets are the Mt. Milligan copper-gold project and the Berg copper-molybdenum-silver project, both in central British Columbia, Canada.
Terrane is focused on the future commercial development of the large-scale copper and gold reserve at Mt. Milligan, British Columbia. Mt. Milligan has an open pit reserve of 2.1 billion lb contained copper and 6.0 million oz contained gold. Upon development the project will have an average annual production of 262,100 oz gold and 89 million lb copper for the first six years of a 22.1 year mine life. At Mt. Milligan Terrane has completed a Feasibility Update Study demonstrating economic viability and secured long lead-time capital equipment. Terrane has received an Environmental Assessment (EA) Certificate and a Mines Act Permit from the province of British Columbia and the Environmental Assessment (EA) approval from the government of Canada.
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Jul 15, 2010: News Releases: Thompson Creek Metals Company Inc. Enters into Agreement to Acquire Terrane Metals Corp. (more...) Jun 14, 2010: News Releases: Terrane Selects AMEC-Fluor To Build Mt. Milligan (more...) Jun 03, 2010: News Releases: First Phase Of Construction Commences At Mt. Milligan (more...) May 20, 2010: News Releases: Terrane Finalizes Contracts for Long Lead-Time Equipment
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