[Sponsored Report] Canadian minerals look to growth markets in Asia
Kynoch has managed the operations of Imperial Metals for over 18 years. “Our company is uniquely positioned because of the diversified nature of our operations and product,” he explains. “Our major investments are in copper and gold, and these investments
keep us in a very balanced financial position in both good and difficult times. Having this product mix lessens our overall risk, and also opens up more opportunities for growth in the long run.”
The strategy has worked well for Imperial Metals, which has grown from a $50 million company in the early 2000’s, to its billion dollar size today. Its operations include the Mount Polley mine (copper and gold), the Huckleberry mine (copper and molybdenum), the Sterling mine (gold) — and most importantly — the developing Red Chris mine (copper and gold).
The Red Chris mine in British Columbia is scheduled to commence production in 2014 and will process 30,000 tonnes of copper/gold ore per day — substantially increasing the company’s overall daily production.
Looking to South Korea, Kynoch is optimistic about the future potential of his company’s relationship with the country. “It is an interesting market,” he notes. “Aside from already exporting copper to the only major copper smelter in South Korea, we’re also exploring new avenues to attract both Korean investors and companies. We’re very optimistic about our future in Korea and Asia in general.”
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