Fed Decision Close On NW Transmission Line
By 250 News
Prince George, B.C. - With the announcement of a deal between B.C. Hydro and the Nisga'a on the placement of the proposed northwest transmission line, the fate of the project now rests with Ottawa...
B.C.'s Forests, Lands, and Mines Minister, Pat Bell, was one of two decision-makers involved in the provincial environmental assessment - he and Environment Minister Murray Coell gave their 'thumbs up' at the end of last month. The project, which development experts in the north say could lead to up to $15-billion dollars in investments, is now awaiting federal approval.
Bell says he expects that decision in the not-too-distant future. "We were in touch with the federal government and certainly the indications we were getting was that they were within days, perhaps, a week or two at the most away from being able to make a decision, so I think, particularly with the announcement...that the Nisg'aa have now reached conclusion on their agreement on the routing of the power line, that we'll see that happen very quickly."
Bell says the province had been hoping to make a joint announcement, but says, after completing their due diligence, he and Coell were not prepared to wait any longer for the feds. He admits they might have now added pressure on Ottawa, "But I do think that, you know, you need to get on with life."
Bell says if he continues in his role as the Lands and Mines Minister pending Premier-designate Christy Clark's Cabinet appointement decisions, he will work to continue to simplify the environmental approval process. "It is unfair, in my view, to drag projects out for years and years and years, people spend hundreds of millions of dollars getting these mining projects to the point where their ready to start construction without ever extracting a single ounce of gold or a pound of copper - zero net-return to them."
Bell is suggesting the creation of something like a check-list that developers could work through "and say, if I do all these things, I know I'm going to be able to deliver this mine". He thinks that would help B.C. move forward aggressively. The price for copper now stands at $4.50 per pound and, Bell says, all signs point to the price rising to $5.00. The price for an ounce of gold also continues to rise. "No one is predicting a collapse in mineral prices," says the minister. "That makes a lot of mines viable projects."
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