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Travali Corp. acquire mining lease for mine in New Brunswick

Published by
Global Mining Review,

Trevali Mining Corporation has received the mining lease for the zinc, lead and silver mine located approximately 20 km west-southwest of the company’s Caribou mine in the Bathurst Mining Camp of New Brunswick.

It has also entered into a Limited Environmental Liability Agreement with the Province of New Brunswick regarding historic environmental liabilities. Under this Agreement, Trevali will be responsible for all environmental liability and reclamation costs associated with the Restigouche mine on closure.

As part of the company’s policy is to minimize environmental impact, Trevali has agreed to allow the Province the option to store and dispose of Restigouche mine waste rock at the Caribou site, which means the Province has a low cost and fast acting reclamation solution for the Restigouche site. The Agreement is based upon a report written by Stantec Consulting Ltd. and approved by the New Brunswick Department of Energy and Resource Development.

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