Ottawa: The Canadian government has announced a C$500 million (approximately US$352 million) investment to support the expansion of the Red Chris Block Cave mining project in British Columbia, reinforcing the country’s strategy to boost critical mineral production and strengthen domestic supply chains for the clean energy economy.
The funding will support the transition of the Red Chris operation from an open-pit mine to a large-scale underground block cave mine. Once operational, the expansion is expected to increase Canada’s annual copper production by more than 15%, while significantly reducing greenhouse gas emissions by over 70% compared with current operations.
The Red Chris mine, located in British Columbia’s mineral-rich Golden Triangle, is operated by Newmont Corporation, which holds a 70% stake, in partnership with Imperial Metals, which owns the remaining 30%. The project recently secured key regulatory approvals, paving the way for construction and long-term development.
According to project estimates, the expansion is expected to create more than 1,800 construction jobs and sustain approximately 1,500 operational positions during peak production. The project is also anticipated to extend the mine’s operating life into the mid-2040s, supporting regional economic growth and strengthening Canada’s position as a leading supplier of copper and gold.
The federal investment reflects Canada’s broader commitment to securing critical minerals essential for electric vehicles, renewable energy infrastructure, and advanced manufacturing. Industry analysts say the move highlights the country’s efforts to meet growing global demand for copper, a key metal in the energy transition.