Al12- The Terrace Standard, Wednesday, July 14, 1999 Plans begin to reclaim —. old Cassiar tailings pile PLANS TO build a (US) $600 million magnesium processing plant at the old Cassiar asbestos mine took a tiny step forward last week. If successful, the project would involve reclaiming magnesium contained within a massive tailings pile created before the as- bestos mine closed in 1992, Cassiar Mines and Metals Inc. announced a tentative deal with Aluminum © of Korea Lid. to put up $25 million in financing in ex- change for a 35. per cent stake in the project. The Korean partner, which is the main metal supplier to the Hyundai and Kia car companies, would also get the right of first refusal on all magnesium sales and have an option to invest fur- ther to become majority owner. If the deal is approved by both firms, Cassiar will spend the $25 million doing feasibility studies next year, followed by detailed enginecring, project financ- ing, permitting and con- struction. “It’s very early yet,’’ says chief financial officer Ian Shaw, adding the financing of the rest of the project is still some distance off. Actual commercial opera- tion — if al] goes well — isn’t projected until fate 2003. Cassiar estimates there’s 20 million tonnes of ser- pentine ore stockpiled on the property in the tailings pile, containing eight billion pounds of recoverable mag- nesium metal. The project has the poten- tial to produce 200 million pounds of magnesium a year. THERE'S VALUE in reprocessing ff tetas what's left In the ma REE created se ssive tailings pile ie tear oe by the Cassiar asbestos mine up north. The mine closed in 1992 but the tailings pile of ald mine workings remains and new company says it contain magnesium, a lightweight metal now in damand by auto manufacturers. FILE PHOTO ; used as an alloy with aluminum, kkkhkk Meanwhile, work is un- derway this summer in prep- aration to reclaim useable asbestos from the tailings pile beginning in November, About 20 people are on site now, Shaw says, adding the number of jobs there will likely hit 60 once pro- duction of chrysotile, or long-fibre asbestos, begins, He said Cassiar has raised about $5 million to reopen a fibre processing plant, closed since the old Cassiar Mine, owned by a different company, and townsile delivery overseas. Cassiar plans to produce about 18,000 tonnes of fibre a year, considerably Jess than the 100,000 tonnes per year produced when the old coltty INN a a a ad JULY SPECIAL — For the month of duly enjoy a Mediterranean Pepper Steak Stir Fry served on a bed of rice pilaf with garlic pita For only $ 1 1 95 Cassiar mine was running. The company trades publicly on the TSE around 80 cents, Its total market capitalization is around $20 million. LOOMIS PRO SHOP'- MAGELLAN « LEATHERMAN TOOLS + BROWNING,» MARLIN+ BERKLEY-FENWICK _- MISTY RIVER TACKLE & HUNTING Falrweather Wiener Stick 34” strong twisted wire with wooden handle. Reg. $4.99 $9 Capri Lounge with Arms Sturdy steel tubing “Comfort profile: high- backed, reclined, seat height 16” Reg. $69.99 9° Sunday - Wednesday 7am - 10pm Thursday « Saturday 7 am - 11 pm 5008 Agar Ave. Terrace 638-1369 Back Pack/Stool Multi: pocketed “Nylon cordura backpack #17" stool Reg. $29.99 4°9 G. clased in 1992. Na new mining is planned, strictly reworking of existing tail- ings. The fibre plant would separate fibre from: the tail- ings and package it for Magnesium demand is growing as automobile and aircraft manufacturers turn to the lightweight metal as a way of cutting weight without loss of strength or durabilily. It’s most often Liberal nod eyed by local businessman A LOCAL businessman is thinking about running for the B.C, Liberal nomination in Skeena. Rod Relling, who has closed his Chalky’s Billiards be- cause of the current economic downtum, says he has ex- pressed interest in the nomination to the local constituency associalion. “I have expressed an interest, A lot of it will depend upon the timing of what might happen,”’ be said. ‘I’m fed up with NDP policy. I’m also fed up with the lack of ac- countability in the way government money is spent.”’ Relling has joined the party recently. He’s lived in Ter- race iwo and a half years, having spent time cuaning Vari- ous businesses in Quesnel and on Vancouver Island. “T don’t know if I have a snowball’s chance in hell but I have some very strong convictions about honesty and proper management,” he said. Relling said a big issue for him is promating sustainable development that's environmentally friendly. ‘I would label myseif as sort of an eco-entrepreneur,’’ he added. Relling has another venture, a vending machine business, which he says will keep him in the northwest. kt kkk IN THE meantime, elections coming in November pose big dilemmas for focal mayors and councillors thinking of tunning for provincial office, Kitimat mayor Rick Wozney, Terrace mayor Jack Talstra and Terrace city councillor Linda Hawes — all raised as possible provincial election candidates in polling by the B.C, Liberal party — are also up for municipal re-election this November, If a provinclal election isn’t called in the fall, they’H have to decide whether or not to run municipally. It would lock bad to get re-elected to council and then resign a few months later if a spring clection is called. They might be viewed as belng overly ambitious, op- portuiistic or just plain greedy, But it would also be risky to sit out and wait for the provincial vote — particularly since it doesn’t technically have to be held until July 2001, However, the longer the period between municipal elec- tions and a provincial vote the more acceptable it would be for sitting councillors and mayors to then resign and run. If, as some believe, there is a surprise provincial election this fall and should any of the three contest the nomination, they’ll be under pressure to indicate what they'll do municipally if they lose the nomination. It might not look good for a person to run for the nomination only to lose and then to declare again for municipal office, A surprise fall election might even overlap with the municipal nomination period, making a second-iry ran for council impossible, Canadian Community Newspapers Association G cna Newspapers right in your backyard ar 4702 Lakelse Ave. Terrace Ph: 635-6302 Where good vf -food brings the . whole family , together! .e =e il car dl Na pre Baty at Terrace Speedway July 17 & 18 Saturday Time Trials - 5:30pm Racing - 7:00pm Sunday Time Trials - 12:00pm Racing - 2:00pm Featuring 50 Lap Memorial Race sronsore by: Hoi Refrigeration See our website - www.kermode. net/speedway Call 35-9060 for more information BRITISH Bel COLUMBIA RICHARD NEEDS A PROPRIETARY HOME IN TERRACE. Richard is @ 20 year old mon with a Mild Mental Handicap who requires a home with supervision, Richard enjoys watching movies, looking at cars, playing board games, woodworking and playing video games, Richard requires help lo complete some daily fiving tasks. He also needs emotional support. Richard is oble lo be on his own in the Community with minimol assistance and ean ride the bus independently once he knows the routes. The following describes the type of home Richard would lo well in: « A family with older or no children. : - Ahome environment, comfortable with discussion of sensihve topics. - A family with past experience working with adults with mental challenges. > A flexible environment thal supports Richard in making decisions. For more information on Richard, or this service, please contact Grant or Cecile at The Ministry for Children and Families, Community Living Services Office at 250-638- @ Loverboy @ Nazereth @ Kim Mitchell @ Powder Blues @ Stampeders @ jerry Doucette © Georgia Satellites | a @ Honeymoon Suite ff Chuck Negron § The voice of __ Three Dog Night vat eran many.more! : ae FREE Unlimited Camping with advance ticket purchase. Designated camping zones for families, tenters etc *Gates open 10am - 10 pm, 24 hour security *Full concessions on site *Water services available *Beer Gardens “Artists subject to change *Rain or shine *No pets permitted ma TICKET INFORMATION Adult weekend pass $120.00 Child weekend pass {age 6-13) $60.00 A ge 1-6 Free Tickets available at: Towne Ticket Centre - Ticket Master @ All Sight & Sound Music Stores : - Town Sound Vanderhoof Charge by Phone 250-614-9100 --- Site Information 1-877-ROC-FEST (762-3373) ; . wwwhwy16.com/rockfest Sponsored by }+£xpness cotta! ee for, = ray "ara es FINNING The freedom of choice! Freedom 100 gives you 100 minutes a manch to use anytime, with extra minures just 20¢ each, Or for just an additional $5.95 a month, Freedom 300 gives you all that plus 200 minutes more for the weekends! . ELECTRONIC FUTURES 4710 Keith Ave, Terrace ee © 635767 plus 5100 bill credit, when you signa 3B month centract. | ma Poe Re As eke Hse Oa oe 5 . roe tse . _ . ie - oi, B informed: rreedom 300 and Freedom 100 plana based on a 12 month contract. 24 month option comes wih a $50 bi credit, OAC. Airtime applies to local cals only and is billed by the miaute. Long distance charges and laxes extra. Annua! System Access Fea of $48 applies. Cancellation fee appiies. Limited time offer. _VMVIC = HS TONY « SISILNSIOS » UNAGVSSVENV/ViIOUV)d - Nav Ce SC, i Si ee ny