Page Ag — Terrace Standard, Wednesday, September 16, 1992

USINESS REVIEW _

Cassiar saga continues

Tailings bid falls through

Jail underway

Going up beside the B.C. Hydro building on Keith Ave. is the
new community correctional centre. Tendev Construction of
Surrey has the $1.635 million construction contract and total
cost of the project is $1.87 million. It's replacing an antiquated

location on Hwy16.

Phillips returned

TERRACE — Terrace and Dis-.

itict Chamber of Commerce man-
ager Bobbic Phillips has becn re-
elected. president of the B,C.

Chamber Executives organiza-

tion. -

Mombers. of that ongiinization.

ered here last. week. for their

gatl
IB gefieral meeting:

art

opment. courses:: and © saw ‘ihe
sights.

Managers had the choice of ses

sious on:newsletlers, communica-
tions or. cross border shopping
and took: part in a brainstorming
discussion... ;

They. took . professional - devel-

One afternoon was reserved for
the second part of a course on
revenue generation.

The first part was held across
the province carlier this year and
it represents the: first stage to an

accreditation Process, sald Phil- ;

lips. xe : ate
epee ba Raed! i i i vay

“Eventually it will be a'‘three or ~

four. year program and. chamber
‘managers could onc day have -
ACE — Accredited Chamber Ex.
ecutive — after their name,”’ she
said.

The three-day meeling wound
up wilh an evening banquet.

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TERRACE — A company has
given up on plans to recover as-
bestos from the massive tailings
pile at Cassiar.

Arthur Fisher from Black Swan
Gold Mines says it won't pay
$10,000 to the mine’s receiver to

~. begin. negotiations for the pur-
- Chase of the pile.

“The mine went into receivership

«in February and. the tailings pile is
-» considered an asset to be sold.
"We have no plans to pursue it,
> We're not prepared to pay the

$10,000,"" said Fisher.

That amount is considered good
faith money by the receiver and i is
refundable.

Yet Fisher said he’s dis-
appointed by the attitude of
Arthur Andersen Inc., the court’

appointed receiver in charge of
disposing of the assets of Cassiar
Mining Corporation.

“We're not talking to him. He’s
filled with his own importance,”’
said Fisher.

“Until we get a-belter under-
slanding, there’s no way we're
going to proceed,’’ he added.

Black Swan had plans to bid $7
miflion for the massive tailings
pile estimated at 16 million
tonnes.

It’s been accumulated over the
nearly 40 years the mine was in
operation.

“There is a process that
works,’’ said Fisher of a plan to
mill the tailings pile to recover
18,000 tonnes a year of asbestos
for 10 years.

Such an operation would have €
- employed Iess than 20- people, a
far cry from the 400 cmployed @ .

wlien the mine was operating and

producing 90,000 tonnes of as- ¥
__ bestos a year. A

Cassiar Mining Corporation put #
in a pilot recovery plant produc- 7
‘ing about 1,000 tonnes of as-
bestos a year but the results §
weren’t good enough for it to §

continue,

Black Swan earlier in the year ;
was the only company to try and #
buy the town and mine in one @

package, -
But it cancelled those plans i
when it couldn’t raise the

estimated $40 million for the pur-
chase, start up, reclamation and
operating costs.

Fisher said Black Swan had
lined up $30 million, but that
amount was contingent upan it
raising the additional monies.

will vary depending on size.

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