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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Feb 16, 1983
Page
3
Despite a global coal glut forcing cuts, Vancouver based David Minerals Ltd wins stage two provincial cabinet approval for a new mine 57 kilometres west of Chetwynd in northeastern British Columbia. Stage two is key in the three step mine approval process before development can begin.
The Coal Guidelines Steering Committee from British Columbia's Ministry of Energy Mines and Petroleum Resources supports a sales contract with Ssangyong Corp of South Korea for 400 000 metric tons of coal annually from David Minerals Willow Creek mine. Ssangyong to own 15 percent of David Coal Corp and fund 15 percent of development costs. David Minerals to invest 6.16 million dollars this year while Ssangyong puts in 1.09 million. total development cost estimated at 18 million. Ssangyong will import 50 000 tons this year and 400 000 tons yearly from 1984 to 1992.
The speaker touts Canadian BC Development Bonds as the best competitive return with profits staying in province. Funds loan small businesses and support housing and jobs, recirculating interest within BC. Available next month for one month only, presented as safe investment for families and children. Call Executive Assistant Dorothy Hill for help. Dawson Creek office listed.
University of Victoria computer science department and extension propose a course where top ideas win up to 1500 in computers and software. Two sections target ages 6 to 10 and over 16 with a March 15 1983 deadline, $25 registration, Nora Hutchison handles forms at UVic Extension. Local mining talk notes coal cost trends and Ssangyong cement plant plans in Korea.
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