The first is estimated to be $860 million towards development of the mine, made by the Canadian Kailuan Dehua Mines Co., Ltd., a partnership that includes the Kailuan Group Co. Ltd, Shougang Group and Canadian Dehua International Mines Group Inc.
The second is a commitment of $500 million towards the early phase of the project, made by a partnership between Shandong Energy Feicheng Mining Group Co. Ltd. and Canadian Dehua International Mines Group Inc.
Construction on the coal mine is expected to begin in two years, once permits are obtained and environmental assesments and First Nations and community consultation are done. It’s projected the mine will last for 40 years, and will produce two million tonnes of washed coal a year.
Clark is boasting these investments as support to her B.C. Jobs Plan.
“This investment clearly shows how confident China is in British Columbia’s world-class mining resources and strong investment climate,” says Clark. “These two projects support our B.C. Jobs Plan and according to the companies will create over 6,700 jobs and other economic benefits for British Columbians.”
According to Canadian Kailuan Dehua Mines Co.,Ltd., the construction of Gething Project will create 773 long-term direct jobs, along with another 4,000 indirect jobs. It is also estimated that the partnership between Shandong Energy Feicheng Mining Group Co. Ltd. and Canadian Dehua International Mines Group Inc. will create 2,000 jobs in neighbouring communities during its construction.