Arcadium shareholders approve $6.7bn sale to Rio Tinto
Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.
The Canadian government has announced it will invest C$2.2 billion over the next 15 years for the cleanup of various mine sites in the Yukon and Northwest Territories.
The announcement was made by the Hon. Carolyn Bennett, Minister of Crown-Indigenous Relations, in Toronto on August 19. The new Northern Abandoned Mine Reclamation Program includes eight abandoned mine properties.
The Yukon sites are the Faro, United Keno Hill, Mount Nansen, Ketza River, and Clinton Creek. In the Northwest Territories the list includes the Giant, Cantung and Great Bear Lake projects, the last of which includes several small sites located near each other.
The federal government plans to engage with the Indigenous and northern communities so that they have access to employment and business opportunities associated with the cleanup.
(This article first appeared in the Canadian Mining Journal)
