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Western Copper and Gold will remain the sole owner of the Casino project, and its operator. Rio Tinto's investment will go toward a feasibility study and further exploration. One of the ways in which they spend it is to make investments in companies like ourselves,' West-Sells said. And so they are trying to go out and spend it. 'These large mining companies, when commodity prices are are high, they usually have lots of cash on the books. With copper prices now soaring to record highs, he believes the time was right for Rio Tinto to seal the deal. He said the deal with Rio Tinto has been about 18 months in the making. It's important for the economy, it's important for Canada,' West-sells said. If approved, the mine is expected to have a life of about 22 years, employing about 1,000 people during the four-year construction phase and 400 people when in operation. The project has been in the works for years and the proposed mine is now in the environmental assessment phase. The Casino project is 'important for the economy, it's important for Canada,' said Paul West-Sells, CEO of Western Copper and Gold.

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