Chinese group makes billion-dollar bet on B.C. coal: Globe

Andrew Topf | April 13, 2011 | 5:46 am Energy Canada China Coal 

A coal project in northeastern B.C. that is being developed by a Chinese consortium could produce up to 2 million tonnes of met coal annually for the next 30 years, the Globe and Mail reports:

A Chinese group is making a $1-billion bet on coal in British Columbia to secure a key raw material for its steel making industry, the latest in a series of moves this year by international companies to stake a claim on Canadian resources.

A consortium of Chinese companies, including Shougang Group, one of the country’s top steel makers, plans to develop three underground coal mines in northeastern B.C., a region rich with coal that fell on hard times in the 1990s but is now booming again.

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2 Comments

  • The mafia Man

    This coal is right above us @ 70 miles at a place named “SPARWOOD” BC, Canada. Do you know it, been there??

  • Tkeough

    wrong. Sparwood is in South east corner of BC.
    This area is in the northeast near Dawson & Tumbler Ridge.

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