A Mixed Bag For Imperial Metals
Aug. 15, 2014, 3:23 PM
- Imperial Metals (OTCPK:IPMLF +15.6%), the company behind last week's major spill of mine waste in western Canada, is raising C$100M in debt to cover cleanup costs and finish building its newest mine.
- The tailings dam burst at Imperial's Mount Polley copper and gold mine in British Columbia, an accident analysts say could cost anywhere between C$50M and C$500M to clean up.
- Whatever the costs, Imperial says it believes they can be managed over time, given the underlying value of the company's assets and by the resources provided by the additional financing.
Currently, there's no company description for IPMLF.
Sector: Basic Materials
Industry: Electric Utilities
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