Area Residents Say New Mine In Smithers Welcome News
By 250 News
Smithers, B.C. - Area residents say they are happy at the feasibility study that shows the Thompson Creek Metals Company's Davidson Deposit near Smithers has the potential to develop a new molybdenum mine that could produce 4 million pounds of molybdenum over a ten year period.
The cost of the project is estimated at $109 million dollars and production could begin as soon as April 2009 if the necessary approvals are in place.
The project would be a joint venture with Sojitz who hold a 25% interest in Endako.
The ore would be mined from Hudson’s Bay Mountain and then trucked to Endako for refining.
The total number of new jobs that would be created in the region is not yet known but locals say that with the major hit they have taken in the forest industry the announcement about the Davidson Deposit is good news.
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