July 7, 2008
British Columbia’s mining industry plans more construction activity
Vancouver
Mining projects totalling more than $1.5 billion are slated for development in north-central B.C. over the next two or three years.
The Prince George chair of the Canadian Mining Institute said the projects are expected to pay economic dividends for the region in jobs and spending.
Greg Rasmussen said that the money is astounding.
The three projects, which are all within a 175-kilometre radius of Prince George, were among the featured topics at the Canadian Mining Institute’s two-day mining conference.
Thompson Creek Metals Corp. has announced a $374-million upgrade and expansion of its Endako molybdenum mine near Fraser Lake, west of Prince George.
Taseko Mines Ltd. has announced an additional $350-million project at its Gibraltar copper mine near Williams Lake, south of Prince George. It also recently underwent upgrades totalling more than $100-million.
Terrane Metals Corp. is just weeks away from delivering its environmental assessment application for its proposed $917-million gold and copper mine northwest of Prince George.
The company hopes to begin construction in the summer of 2009.
Rasmussen said the projects will have a direct economic impact in the region.
He noted the while only a handful of people are currently working for Terrane, that will grow to hundreds during the construction of the mine.
If the mine gets off the ground, the permanent work force during its 15-year mine life is expected to be 350.
Canadian Press
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