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Strategies & Market Trends : Dino's Bar & Grill

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To: Andrew~ who wrote (1650)	9/9/2013 9:29:09 AM
From: Goose94	Read Replies (1) of 202691

Imperial Metals (III-T) awaits power from new line B.C. government is staking the province's future on a resource boom across B.C.'s north -- potentially hundreds of billions of dollars worth of activity and proposals in mining, hydro, port expansions, industry upgrades and liquefied natural gas. Terrace is the starting point of the 344-kilometre, 287-kilovolt Northwest Transmission Line (NTL) under construction by BC Hydro and expected to be complete in the spring of 2014. The line will provide power to proposed mines and link to proposed hydroelectric sites in the northwest, together worth about $12-billion. The NTL's destination is a substation near Bob Quinn Lake. From there, a 93-kilometre extension will connect to Imperial Minerals' $228-million Red Chris copper and gold mine, expected to start operations in 2014 and produce for 28 years. It is one of more than a dozen mines planned for the area, but one of the few that is under construction. Red Chris has environmental approval from both the federal and provincial governments, and it is negotiating a benefit agreement with the Tahltan First Nation.

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