Newmont Celebrates 10th Anniversary of Red Chris Mine with $8 Million Contribution to Three Tahltan Communities
Authored by: Press Release
Newmont Corporation has announced an CAD $8 million community investment to benefit the Tahltan Nation as part of its celebration of the tenth anniversary of the Red Chris Mine. The investment, which will benefit the communities of Telegraph Creek, Dease Lake and Iskut, was announced during a special event on Saturday, May 24th in Dease Lake, British Columbia held in commemoration of the successful co-management of the mine with the Tahltan Nation.
“Newmont acquired the Red Chris Mine in November 2023, and we know that our projects and operations can only succeed when the communities that host them are also thriving,” said Tom Palmer, CEO of Newmont. “Today, we celebrate our partnership with Tahltan Nation and shared stewardship at Red Chris. Through this community contribution we extend our gratitude for the collaboration Tahltan Nation has helped to foster here as we also show our commitment to a shared vision and shared prosperity for the future.”
The investment will fund a range of projects aimed at improving community well-being, including the development of community-use spaces, recreation facilities, and greenhouse space. A portion of the investment will also support planning and pre-development efforts to improve housing in each community.
The Red Chris Mine is an open-pit copper and gold mine that has become a key economic pillar in Tahltan territory, employing approximately 220 Tahltans and generating approximately $100 million annually in business with the Tahltan Nation Development Corporation (TNDC). In addition, the mine pays annual royalties to the Tahltan Heritage Trust and contributes mineral tax revenue to the Province of British Columbia which is shared directly with the Tahltan Nation.
“As we mark Red Chris’ 10-year anniversary, I am reminded of the importance of partnership and collaboration,” said Chief Marie Quock, Iskut Band. “During the COVID-19 pandemic, Red Chris stepped up to support our communities in meaningful ways, including providing testing and other essential services. Their commitment to our well-being and community development is a testament to their dedication to being a responsible and respectful partner. I look forward to continuing our close collaboration, especially since Iskut is Red Chris’s nearest neighbor.”
The Red Chris Mine is managed in close partnership with Tahltan Nation through an Impact Benefit and Co-Management Agreement ensuring that Tahltan expertise, perspectives, and values guide the operation, and serving as a leading example of reconciliatory resource development.
Rich in the critical minerals that the world uses for electrification, emerging technologies, and to manufacture the products we use every day, Tahltan Territory and the Red Chris Mine have long been a key contributor to the British Columbia economy. Newmont looks forward to building on the legacy of the past ten years as we grow the relationship with Tahltan Nation and aspire for success together in the future.
