A huge $1-billion mining takeover is expected to positively impact regional workers at the Lac des Iles mine.
Impala Platinum of South Africa has entered into an agreement to purchase North American Palladium.
The company, better known as Implats, suggests the Lac des Iles operation is the crown jewel of the agreement.
It says the mine has a life expectancy of over 15 years and has the potential to go even longer given what it calls “highly prospective future exploration opportunities.”
The mine has about 500 workers.
