+

a appears that copper may play a ‘more , prominent role then gold it in: the
“mining and industrial future of the Northwest.

m Eska Crook 4 Stro
Sulphurets H y nsay

ad “Mountain

=: Bell” MOUNT MILLIGAN® . -

LOCATION OF PROJECTS

‘NEW MINES

DEVELOPMENT STAGE
ADVANCED EXPLORATION STAGE ____

COPPER

Terrace Review — April 16, 1992

That future could well include both the
mining and processing of copper. In Sep-
tember .1990 Vancouver-based PRM
Resources announced the undertaking of a
site selection. and pre-feasibility study,
_ 'finariced in part with $100,000 from the
. federal: government's Western Diversifica-
‘tion. Fund, to examine establishing a cus-
. bom copper smelter in Kitimat. During the
~ following 18 months the company quietly
pursued financial backing for what was
estimated at the time to be a $450-500
million project.

. Last week PRM president Roger Taylor
“said the project may be on the verge of a
major breakthrough, having apparently
~. attracted strong interest from Sumitomo,
one of Japan’s largest metal companies. .

“"Tt’s’ moving right along,”. Taylor said.

“We're in the last stages of negotiating a
“joint venture with several international

- companies." Taylor said Sumitomo is one of

the primary players in the negotiations,
and he hopes to have the arrangements
solidly confirmed within the next two

_ :months. The project cost is now estimated
’-at close to $600 million. : '

-PRM describes the proposed plant as
"state-of-the-art, world scale smelter and
refinery, with the highest standards of
- emission controls". It would provide perma-
‘nent employment for 300-350 people.