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General Manager Of Kemess Says Gold and Copper Prices Will Stay High

By 250 News

Friday, September 07, 2007 04:00 AM

        

The General Manager of the Kemess Mine, North of Mackenzie says his company will be out of ore by September or October of 2010. Maurice Ethier says "We have two and half years to get it togther or we stand to lose the 375 workers who are employed at the mine."

Losing the workers would be  a major set back says Ethier "We could keep perhaps 60 or 70 workers going in the reclamation process, but we then would still need to let 300 workers go. How do you get these kind of workers back in today’s market, I can safely tell you, that would be a very tough job."

Ethier says Kemess has been trying to get through the hoops for the new project which will cover an area about 1 kilometer by two kilometers , "We are not talking about a large piece of ground here" he said. According to Ethier, the new mine would extend the life of the present site by about 11 years.

At present, the company trucks its ore concentrate to Mackenzie where it is shipped by rail to Quebec for final smelting.

The company now employs just over 370  people with the workers coming from all over BC "We have workers from Fernie, Kamloops, Kelowna, Williams Lake, and the Bulkley Valley." These workers he said earn about $100,000 dollars a year and generally work two weeks in and then have two weeks out.

Ethier says  the  markets remain strong "Our prediction is that the price of Gold and Copper will remain high over the next few years and we see the new Kemess project as a great opportunity to develop industry in this province."

The company has just come through the Environmental  Review process and iis waiting  for  a decision .


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Comments

Well instead of using the cheapest method to get rid of the waste, and therefore killing off a lake and associated wildlife they do have options, that they have identified themselves. Course it just means they will not make as much money as they destroy the environment, but if these jobs are that important is it not better to make a good amount of money versus nothing ?
I agree with Lunarguy.

Also if one looks at the market today it is obvious that there is going to be a run on gold driving it even higher… likely over $1000 by years end. At today’s price of 20 times what gold sold for 30 years ago it makes one wonder, when will inflation catch-up, especially if the fake money markets go caput.

I think Kemess should make the wise business decision and opt to protect the lake and spend the money on proper infrastructure. If for no other reason then so they can be operational to take advantage of these unprecedented market opportunities.

I don't think this is the time for the provincial government to subsidize Kemess with a major river systems headwater source.