Thompson Creek Metals Co. Inc. has completed its purchase of Terrane Metals Corp. in a cash and stock purchase deal valued at approximately $700 million.
The deal means that Thompson Creek now owns the $917-million Mount Milligan mine northwest of Prince George. Thompson already operates the Endako molybdenum mine west of Prince George.
The Mount Milligan mine, with a forecast life of 15 years, is expected to create 400 jobs. Between 200 to 600 workers will also be needed during the mine's two-year construction period.
from Western Investor, March 2011
