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Thompson Creek Announces Application Filed Related To Terrane Acquisition

Mining company Thompson Creek Metals Co. (TC,TCM.TO, said Friday that on December 16, 2010, it received a copy of a Notice of Application filed in the Federal Court of Canada by the Nak'azdli First Nation, seeking a judicial review of the decision of the Canadian Minister of Industry approving the company's acquisition of Terrane Metals Corp. The acquisition was completed on October 20, 2010.

Nak'azdli claims that the Minister failed to consult adequately with Nak'azdli before approving the acquisition. The company said it is not named as a party to the judicial review and no claims are made against the company.

Also, the company said it intends to take appropriate steps to participate in the judicial review to the extent necessary to ensure that its interests are protected.

The company is committed to working with First Nations, including Nak'azdli, concerning employment, training and other benefits in connection with the Mt. Milligan Project, Thompson Creek said in a statement.

by RTT Staff Writer

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