New Brunswick strikes deal to explore recovering metals from old mine waste

New Brunswick has entered into an agreement with U.S.-based firm Regeneration Enterprises to investigate the possibility of recovering metals from old mine waste at the Nigadoo mine near Bathurst. The mine, which once produced copper, lead, zinc, and silver, has been inactive for nearly 50 years. The province believes valuable metals may still be present in the waste left behind.

Michael McPhie, Regeneration Enterprises' managing director, explained that the goal is to fund the site's restoration through metal recovery instead of relying on public funds. The site currently represents a $35 million liability for the province. Currently, no provincial money is being invested in exploration, but future government funding is not ruled out.

Natural Resources Minister John Herron emphasized the dual benefits of unlocking mineral wealth and properly remediating the site. The Conservation Council of NB supports the idea of testing and potentially mining the tailings, as it could be more environmentally responsible than disturbing untouched land. However, concerns remain about potential environmental impacts, particularly if the mining process disturbs settled heavy metals.

Regeneration Enterprises, in collaboration with Pabineau First Nation, anticipates a decision on the project's financial viability within a year, with processing potentially commencing within two to three years if approved.