Chinese firms bet big on B.C. coal

Chinese companies have announced investments totaling $1.36 billion to develop two new coal mines in northeast B.C.

Premier Christy Clark meets with mining executives in Beijing Wednesday.



Premier Christy Clark continued her trade mission in China Wednesday with the announcement of a $1.36 billion in investments by Chinese companies to develop two new coal mines in northeast B.C.

One project is the Gething coal property 25 km south of Hudson’s Hope, which has been explored since 1971. The recent resurgence of coal mining in the Peace River region has so far been open-pit operations, with two small mines opened in 2004 and two more in 2006, but the rising price of metallurgical coal has increased interest in underground mining.

Three Chinese companies formed a partnership called the Canadian Kailuan Dehua Mines Co. Ltd. to develop the Gething mine. The partnership announced an investment of $860 million, and estimates the mine can produce two million tonnes of washed coal per year for more than 30 years.

In a conference call with reporters from Beijing Wednesday, Clark said the second project is also in the Peace region, but investors have not yet announced the exact location. Another group of Chinese companies has announced it will invest $500 million in that mine.

The Gething project applied for B.C. environmental assessment in 2006 and also faces First Nations and community consultation. The project application described alternatives for bringing the coal out from the mine site near the W.A.C. Bennett Dam, using trucks on forest service roads or barges down Williston reservoir to connect to highways and the CN rail line.

Jobs, Tourism and Innovation Minister Pat Bell first announced the Chinese investments in March. The investors estimate the Gething project will create 773 long-term direct jobs.

Clark said she spoke with Chinese company executives about the major investments office being set up by the B.C. government to speed up approvals for projects like the mines.

Just Posted

Create memories, not garbage this holiday season

Recycling depot in Maple Ridge will also be closed Christmas and New Year’s Day.

Adopt a family this Christmas in Maple Ridge

The Salvation Army Ridge Meadows Ministries are looking for sponsors

Good Reads: Holidays at Maple Ridge library

Annual Food for Fines campaign underway.

Maple Ridge amputee spreads message of safety at Vancouver Santa parade

Callum Davie is a member of The War Amps Child Amputee program

Parade brings Santa to Maple Ridge

Winter Fest kicks off Glow Maple Ridge season

VIDEO: SNL skewers Trudeau’s mockery of Trump in high school cafeteria sketch

The three world leaders won’t let Trump sit at the cool kids’ table

Four men in hospital after early morning Vancouver stabbing

A large group of men was seen fighting in Yaletwon

Kovrig clings to humour as ‘two Michaels’ near one year in Chinese prison

Their detention is widely viewed as retaliation for Canada’s arrest of Chinese high-tech scion Meng Wanzhou

B.C. VIEWS: An engine that hums right along

First Nations are leading a new surge of investment in B.C.

Brain injury from domestic abuse a ‘public health crisis,’ says B.C. researcher

Nearly 80% of the domestic violence victims who reported to police last year were women

Campbell River mom’s iPhone containing priceless photos stolen from Victoria hospital parkade

The phone contained photos, heartbeat recordings of her late son

Miller nets winner as Canucks edge Sabres 6-5 in OT

Roussel, Leivo tally two apiece for Vancouver

‘Norovirus-like’ outbreak interrupts Bantam hockey showcase in Greater Victoria

Several athletes were sent home, quarantined on the ferry

$578: that’s how much your first distracted driving ticket will cost with recent premium hikes

Over 50 per cent of Canadians admitted to using phone while driving last year, according to study

Most Read