Economic Contributions
Proceeding with the HVC Mine Life Extension Project, will sustain an average of 1,300 jobs and is expected to create $435 million in additional GDP during the Construction Phase of the project.
If approved, the HVC Mine Life Extension would allow for the continuation of the many social and economic contributions for surrounding communities, helping to attract families to the area and expand employment opportunities in the region. The HVC Mine Life Extension would also allow HVC to continue to collaborate with Indigenous Governments and Organizations to deliver economic and social contributions, and advance reconciliation efforts.
More information on the additional economic contributions are outlined in the revised Application filed with the Environmental Assessment Office (EAO) in B.C. in June, 2024.
Copper Demand
Demand for copper is expected to double by 2050. This increase in copper demand is driven by factors that include the global transition to a low-carbon future, global population growth, and urbanization. Copper is a vital component in everything from renewable power generation to electric vehicles and smartphones.
Project Location
The HVC Mine Life Extension would be located at the current HVC site, approximately 17 km west of Logan Lake and 75 km southwest of Kamloops.
Environmental Assessment Process (EA Process)
The HVC Mine Life Extension Project is undergoing an environmental assessment under the B.C. Environmental Assessment Act. The purpose of an environmental assessment is to understand and assess the range of potential positive or negative effects that may occur over the life of a project including consideration of the environment, economy, social, health, and culture. The EAO oversees the EA process in B.C. For more information on the EA process and the HVC Mine Life Extension visit the EAO website.
*Formerly referred to as the Highland Valley Copper 2040 Project
