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Terrane Metals bought for $650 million

Thompson Creek Metals Co. Inc. (TSX:TCM) has agreed to buy Terrane Metals Corp. (TSX-V:TRX) for $650 million in one of the biggest transactions in Vancouver's mining scene so far this year.

Thompson Creek Metals Co. Inc. (TSX:TCM) has agreed to buy Terrane Metals Corp. (TSX-V:TRX) for $650 million in one of the biggest transactions in Vancouver's mining scene so far this year.

Thompson will buy the Vancouver-based junior to get access to the Mount Milligan copper-gold project near Prince George, which is under construction and one of B.C.'s next major mines.