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Bullboard - Stock Discussion Forum Imperial Metals Corp T.III

Alternate Symbol(s):  IPMLF

Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100... see more

TSX:III - Post Discussion

Imperial Metals Corp > Fed Action
View:
Post by Temeraire2 on Dec 10, 2024 1:28pm

Fed Action

After thinking on it further am guessing our Federal "civil servants" have decided to act ahead of a change in Govt which they might be guessing might have held off given their growth agenda and that their was no intent nor negligence by the company but rather a legacy structural problem.   A conclusion reached by the Province....


Before the provincial statute of limitations expired in 2017, the government of British Columbia did not file charges under provincial law related to the 2014 Mount Polley tailings dam failure. Chris Doyle, the deputy chief of the BC Conservation Officer Service, stated that while the investigation was ongoing, no charges were laid as the investigation was not completed by the deadline. However, federal charges under the Fisheries Act remained a possibility, as the penalties associated with federal violations could be more significant.

The government stated that the incident had led to regulatory changes to strengthen mining safety, including revisions to the mining code and enhanced compliance measures. Still, the lack of provincial charges raised concerns about accountability and regulatory oversight among critics, including environmental organizations and local residents, who emphasized the long-term impacts of the disaster on the community and environment. The provincial government maintained that the investigation and enforcement actions would continue under federal jurisdiction

Comment by miningfundi on Dec 10, 2024 2:51pm
Thanks, very interesting! So, it seems that the Feds have taken over 10 years to take action regarding the impact of the 2014 breach on fisheries. The good news is that this new action should not affect current Mount Polley production. Also, blame for the breach was placed on the two engineering firms who designed the dam, and III recovered its costs from those firms. In that context, since a ...more  
Comment by Temeraire2 on Dec 13, 2024 7:10am
As always, you make sense.  Imagine our civil servants hard at it for 10 years!  While the company was heads down with remdiation and building out the ore body.  A great Canadian example of handling an accident - not a willful, stupid, neglectful, criminal management team - that has been used to redefine not only the Canadian standard for building tailings ponds but has been studied ...more  
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