Decision on Highway 37 Power Line Praised
By 250 News
Thursday, October 02, 2008 11:30 AM
Prince George, B.C.- The President of the B.C. Mining Association, Pierre Gratton says the B.C. Provincial Government is to be thanked for it’s decision to proceed with First nations consultation and environmental assessment of the power line along the Highway 37 corridor.
“There is tremendous potential for the north if the power line goes through” commented Gratton on the Meisner program on 93.1 CFIS.
The line has been called crucial to the development of several mining projects that could open up the north west of the Province. Gratton says there is significant economic benefit to the whole of B.C. if the mines go ahead.
The province had initially promised to split the cost of adding the power line with the Galore Creek mining project, however, Galore Creek was shelved and that meant half the cost was lost. The Province has said it is looking for partners in the project, but Gratton says not all the mines or potential projects are at a stage that would allow them to pony up the money “We might see a consortium, or perhaps a system that would see projects pay a portion of the cost in a manner that reflects their size.”
Despite the downturn in the markets, Gratton says the long term view for mining remains bright as China is demanding resources, and India is about to come on stream. He says the cyclical nature of the resource business is recognized but that is not a factor at the moment “Even the down cycles now are better than the up cycles have been in the past.”
Previous Story - Next Story
Return to Home
Build Site "C" so we have some base load electricity available and then do the power line.