Imperial Metals Corp. will sell a 70% interest in its Red Chris...

Imperial Metals Corp. will sell a 70% interest in its Red Chris copper and gold asset in British Columbia, Canada to Newcrest Mining Ltd (NCM) for US$806.5 million in cash, while retaining a 30% interest in the mine. The Company and Newcrest will form a JV for the operation of the Red Chris asset going forward, with Newcrest acting as operator. Newcrest has identified a clear path to potentially turn Red Chris into a Tier 1 operation

http://crweworld.com/article/news-provided-by-globenewswire/1009942/imperial-to-enter-joint-venture-with-newcrest-mining