B.C. KSM Gold Mine Gets Environmental Approval From Federal Government.
The federal government approved the environmental assessment application on Friday for the massive KSM gold and copper mine in northwestern British Columbia near the Alaska border.
The mine, which is owned by Seabridge Gold Inc., is considered the largest undeveloped gold reserve in the world and also has copper, silver and molybdenum deposits.
The project would be just 35 kilometres from the Alaska border, and in August the state took the rare step of asking the Canadian government for involvement in the approval process over concerns for its rivers and fish.
But the Canadian Environmental Assessment Agency concluded in its report that the KSM project isn’t likely to cause significant adverse environmental effects.
Seabridge CEO Rudi Fronk said the company was confident it would receive the approval because it has spent six years and $200 million working with government, local First Nations and the state of Alaska.
