Thompson Creek Metals Company Approval of Deposition of Tailings at
the Mt. Milligan Copper-Gold Project Completed
DENVER, CO -- (Marketwire) -- 01/22/13 -- Thompson Creek Metals
Company Inc. ("Thompson Creek" or the "Company") (NYSE: TC) (TSX:
TCM), a growing, diversified North American mining company, today
announced that, on January 14, 2013, the Company received
notification from the Department of Fisheries and Oceans approving
its fish habitat compensation plan, as required by Environment
Canada's Metal Mining Effluent Regulations. This approval was the
final step to authorize deposition of tailings material into the zero
discharge tailings storage facility at the Company's Mt. Milligan
project and the final authorization required to operate the Mt.
Milligan copper-gold mine.
The Mt. Milligan project remains on schedule with commissioning and
start-up expected in the third quarter of 2013, and commercial
production of copper and gold expected in the fourth quarter of 2013.
The mine has an estimated life-of-mine of approximately 22 years.
Mr. Kevin Loughrey, Chairman and Chief Executive Officer, said, "We
are extremely pleased to have received this approval and are
committed to working with all levels of government and communities to
maintain the highest standards of environmental stewardship. There
are no outstanding permits or authorizations required to begin
operations and we are confident Mt. Milligan will start-up as planned
in the third quarter of this year."
About Thompson Creek Metals Company Inc.
Thompson Creek Metals
Company Inc. is a growing, diversified North American mining company.
The Company's principal operating properties are its 100%-owned
Thompson Creek Mine, an open-pit molybdenum mine and concentrator in
Idaho, a 75% joint venture interest in the Endako Mine, an open-pit
molybdenum mine, concentrator and roaster in British Columbia, and
the Langeloth Metallurgical Facility in Pennsylvania. The Company is
also in the process of constructing the Mt. Milligan Mine in British
Columbia. Mt. Milligan is designed to be a conventional truck-shovel
open-pit copper-gold mine. Mt. Milligan is expected to commence
production in 2013. The Company's development projects include the
Berg property, a copper, molybdenum, and silver exploration property
located in British Columbia, the Davidson property, an underground
molybdenum exploration property located in British Columbia, and the
Maze Lake property, a joint venture gold exploration project located
in the Kivalliq District of Nunavut, Canada. The Company's principal
executive office is located in Denver, Colorado. More information is
available at www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and applicable Canadian
securities legislation. These forward-looking statements generally
are identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "future," "plan," "may,"
"should," "will," "would," "will be," "will continue," "will likely
result," and similar expressions. Our forward-looking statements
include statements with respect to the projected development,
commissioning and start-up of Mt. Milligan.
Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our forward-looking
statements are based on current expectations and assumptions that are
subject to risks and uncertainties which may cause actual results to
differ materially from future results expressed, projected or implied
by those forward-looking statements. Important factors that could
cause actual results and events to differ from those described in
such forward-looking statements include construction delays at the
Company's Mt. Milligan project and the other risks described in the
section entitled "Risk Factors" in our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and other documents filed on EDGAR at
www.sec.gov and on SEDAR at www.sedar.com. Although we have attempted
to identify those material factors that could cause actual results or
events to differ from those described in such forward-looking
statements, there may be other factors, currently unknown to us or
deemed immaterial at the present time, that could cause results or
events to differ from those anticipated, estimated or intended. Many
of these factors are beyond our ability to control or predict. Given
these uncertainties, the reader is cautioned not to place undue
reliance on our forward-looking statements. We undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events, or
For more information, please contact:
Director, Investor Relations
Thompson Creek Metals Company Inc.
Tel: (303) 762-3526
Renmark Financial Communications Inc.
Tel: (416) 644-2020
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