Northern Connector, June 27, 2014

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Inside

watch TV wherever you want

◆ NEWS Rupert rally protests pipeline, P. 3 ◆ NEWS Gruelling chief’s ride P. 15

◆ SPORTS Northmen dominate Seafest P. 22 ◆ CLASSIFIEDS, P. 16-21

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FRIDAY, June 27, 2014

Volume 8 Issue 51

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STAFF PHOTOGRAPHER / THE NORTHERN CONNECTOR

TERRACE - Heritage Park employee Terra Nord, helps Wade Stewart get everything ready for seed planting, one of the activities that took place during St. Jean Baptiste Day held at the park June 22. The park is also the home of a heritage garden containing specimens first planted during the very early days of Terrace.

Work at moly mine location now underway

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VANCOUVER - Road work and clearing for a construction camp began June 23 in anticipation of full on development beginning next year of a planned molybdenum mine at Kitsault on the north coast. “We are very excited about the commencement of construction work at Kitsault,” said Jeff Lowe, Chief Operating Officer of Avanti. “This is a significant milestone for the Kitsault molybdenum project and marks the completion of a very important aspect of Avanti’s permitting efforts.” The work follows the company receiving a mines permit from the provincial government on June 13 and subsequent permits a few days later. The road, providing access

to the property, is to be 4 kilometres long and the work at the construction camp will increase capacity from a current capacity of 50 people to one that can hold 150 people. Avanti first received provincial environment clearance in March 2013 and anticipates federal environmental clearance very shortly. The project, which will take approximately two years to build, has a capital cost of nearly $1 billion to cover construction and ongoing requirements. A mine life of 14 years is being forecast with the need for a mining workforce of approximately 300. At the peak of construction, company officials say they will need approximately 700 people.

Molybdenum is chiefly used as a strengthener for steel and Avanti has already signed sales and financing deals with German and South Korean firms. Avanti now has some of the money needed for full construction and is in the final stages of lining up all of what’s needed for the project. For now the company is financing work through a $50 million loan taken out last year. Another major project is scheduled to take place this fall and that’s rebuilding the Nass River Bridge on the road into Kitsault north from the Nass Valley. It needs a new deck and other work done in order to hold heavy equipment and other items that will be taken in during construc-

tion. “I am eager to see production at Kitsault begin, which will provide up to 300 new, well-paying jobs for British Columbians,” said provincial mines minister Bill Bennett when the mines permit was granted. And if Avanti has been making progress on its approvals, it took a major step forward when it negotiated a revenue sharing deal with the Nisga’a Nation that was announced the beginning of this month. That deal will see the Nisga’a Nation receive up to two per cent of net smelter royalties with the actual dollar amount varying depending upon the price of molybdenum. The Nisga’a and the province are also negotiating an agreement to share the mine’s tax revenues.

REGISTER FOR RIVERLODGE SUMMER PROGRAMS Programs run Monday to Friday from July 2 to August 22! Register NOW for your kids to have a

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For more information contact us at Riverlodge 250-632-8970 or visit www.kitimat.ca

There are also FREE playground programs at Nechako and Kildala Elementary Schools!


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