AB - The Terrace See Wednestay, June 7, 1995 -TERRAC ESTA NDARD. DUSINESS Out & About Builders lead business list THERE WERE 15 new business licences issued by the city in the month of May. That brings the number of ac- tive business licences here to 1,133 — up more than 12 per cent from three years ago. Nearly half the new licensees are construction contractors or subcontractors, Included among them is Highland Enterprises, an excavat- fim owned by John Colongard, the former city direc. . tor of operations and one of the positions eliminated by city coun- cil in its recent round of restruc- turing. Most of the remaining licensees are home-based businesses, and include a new registered massage therapist, a computer consultant, an advertising services firm, and an accountant/oookkeeper. Survey maps out minerals FOR PROSPECTORS, it’s like a map to buried treasure. A regional geochemical survey for this area was released by the taines ministry last Friday. The report covers Prince Rupert, Terrace and Nass valley areas, and indicates some very high gold levels in some sampled stteam sediments. Gold and 25 other metals were sampled in the survey, it uses lake and stream sedi- . ments to provide a representative measurement of the concentration of metals. Many new mineral prospects have been discovered as a result of such surveys. “They narrow down areas of high mineral potential,’’ ex- plained mines minister Anne Ed- wards. The northwest region survey contains data for 3,879 sites and 35 of the samples contain high levels of gold. Seminars here SEMINARS on marketing and accessing government grants, loans and subsidies are coming to town next week, The courses are being offered by a Calgary-based private firm calied the Business and Employ- ment Training Institute, There are two sessions of the Money For Business course Wednesday June 14 from 1 to 4 p.m. and Thursday, June 15 from 7 to 10 p.m. at the Coast Inn of the West. The Creative Marketing course runs Thursday June 15 ~ from. 1 to 5 p.m. Call 1-800-567- 8127 for info. New blooms THERE ARE new owners at Central Flowers on Lazelle Ave. Linda MacBean, who has oper- ated the florist shop since 1973, has sold the business to local resi- dents Lara Roldo and Jennifer Parker. The pair took over June Ist, but MacBean will continue working for them. Repap expects big earnings REPAP ENTERPRISES is projecting continued strong recovery in the company’s eam- ings. Chairman and CEO George Petty told shareholders last week supply and demand fundamentals are expected to be in Repap’s favour ‘‘for the next few years.”’ But he said prices remain below levels required to justify major capital investment, particularly given increasing environmental and fibre costs, The company will instead focus on reducing its large debt load. Petty described the marketing -[;) of Repap’s innovative Alcell sol- vent pulping process as a pillar of lis planning for the future. Leta A LOAD OF LUMBER from Skeena Cellulose costs half what it did two years ago, and the col- lapse in prices has sawmill managers worried, Sawmills brace for worst SAWMILLS are bracing them- selves for red ink as lumber prices continue to dive. “The outlook for the back half of the year — it's like going into a recession for the sawmill indus- try,” says Skeena Cellulose saw- mill manager Rand Menhinick. Prices have plummetted to less than half of the peak levels the market hit two years ago, he said. So far Menhinick says there’s not much cause for optimism. “The markets are going to tighten up pretty tough here in the back half of the year,” he said. ““We hope it’s better than what _ we're forecasting,’’ ‘The industry has always gone in cycles,” he explained. ‘It’s part of the cycle, but you never _like to see the down cycle.” Price of lumber dives Housing starts are down in the U.S. and Canada, he said, and Japanese and European markets are also weakening. Last year’s spike in interest rates played a big role in the slide, Menhinick said. “Tt takes a bit of optimism out of the market place aad people seem to hang onto their dollars,” he said. Producers had hoped for the usual spring surge in prices, but that has not materialized. The industry’s production costs have also risen because of the new requirements of the. Forest to be held at: disposal concepts. REGIONAL SOLID WASTE MANAGEMENT PLAN PUBLIC MEETING A Stage 2 Draft Report of the Regional Solid Waste Manageament Plan will be presented at a public meeting TERRACE INN SKEENA TWO ROOM 4551 GREIG AVE. MONDAY, JUNE 19, 1995, 7:00 P.M. Your are invited to attend to learn about the Plan and to provide input on the proposed waste reduction.and waste REGIONAL DISTRICT OF KITIMAT STIKINE 635-7251 INSTALLATIONS LTD, Complete drywall service Steel studs Movable partitions suspended cellings proudly presents ALTEX DRIWALL FREE ESTIMATES COMMERCIAL, RESIDENTIAL, INDUSTRIAL 635-9721 FAX 635-4501 | COLIN CARLSEN, President | Practices Code. In addition, stumpage fees charged still reflect higher prices because they lag up to five months behind the market, Companies are getting some relief from the record high chip prices now being paid in the pulp and paper market. Menhinick agreed the coated paper and pulp side of the indus- try is “‘doing very well’. He stresses that the Jumber price slump should have now ef- fect on Skeena Cellulose employ- ees. “You take the good with the bad,”’ he said. ‘“We don’t expect any negative effect for our em- ployees at all. Our plan is to con- tinue to run operations at full ca- pacity throughout B.C,”’ Westmin eyes ore for mill WESTMIN RESOURCES is casting its eye northward in an attempt to feed its Premier mill at Stewart. The Johnson River property, west of Anchorage, Alaska, has significant gold showings which could be barged south to Premier, says company vice president Bruce McKnight. “Tt sounds like a long way away, but by water, it’s not,”’ said McKnight of the one mil- lion tonnes of reserves at Johnson River. The Johnson River property plan continues a long standing effort of Westmin to find work for its Premier mill. The mill was installed for Westmin’s Premier mine at Stewart in the early 1990s but the ore body failed to meet ex- pectations. That meant the mill wasn’t as busy as first planned, caus- ing Westmin to search for more ore bodies and to act as a contract miller. **There’s a couple of properties in the Yukon we’re excited about this year and we hope they come throu McKnight added. Westmin has reported a financial turnaround for the first quarter of 1995. Net income was $5.251 mil- lion compared to a loss of $5.336 million for the same period in 1994, Company officials said the end of a lengthy strike at its Myra Falls mine on Van- couver Island boosted revenues and profits, YOUR COLLEGE IN | YOUR COMMUNITY: NOTICE OF APPOINTMENT HIGHLAND VALLEY COPPER DL. (David) Johnston The Partnership is pleased to announce the appointment of DLL. (David) Johnston to the position of Vice President and General Manager, Highland Valley Capper. The timing of the appointment coincides with the retirement of A.D. (David) MacPhail, Vice President and General Manager, an July t. 1995. Poul “Hansen, President, Highland Valley Copper has advised the Partnership, that he will be retiring on December:31, 1995, and at that time Mr. Johnston wil! become President and General Manager. ; Mr. Johnston, currently Vice President, Mine Operations for Cominco Lid., in Vancouver, will relocate to the Highland Valley in June of 1995 and will assume. the Vice President and, General Manager duties upon Mr. MacPhail’s retirement. During the balance of the year, the President's duties wilt transfer from Mr. Hansen to Mr, Johnston, with Mr. Johnston assuming the role of, President. effective January I, 1996, ON * RADIO* NT *VIDEO* KET RESEARCH# IMUM is your ma advantage! OPTIMUM and get results! mee se me _memeemnn mmm, sini, mina: eshuum aumiumm. sthtmn motos. mimnd.dirwnnihm mum. mn on b.. we. nu.