Sunday, July 24, 2011

Northern British Columbia poised for record growth

"We believe this is the northern decade," said Rosalind Thorn, British Columbia Construction Association-North president in Prince George.

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Dean Birks

Top Office Producer 2010

Royal LePage Prince George
Phone (Direct): 250-612-1709
Fax (Direct): 1-888-870-4132

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Northern British Columbia poised for record growth

 

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July 25, 2011

Northern British Columbia poised for record growth

Maybe Cinderella is finally going to the ball as a guest of honour.

"We believe this is the northern decade," said Rosalind Thorn, British Columbia Construction Association-North president in Prince George.

It's a good thought and it's pretty exciting.;

Some compelling evidence is available to support the notion.

There are a number of major construction projects underway, others close to tendering and a raft proceeding through various required pre-construction stages.

It means that billions of dollars worth of construction is planned for the northern half of B.C.

The list is long.

Prince Rupert Port Corp.’s second phase expansion of the container port is anticipating a construction start, while at nearby Ridley Island, the coal export port facility is bursting at the seams, said Thorn.

Rio Tinto Alcan has confirmed a $2.5 billion rebuild of its aluminium smelter in Kitimat that will boost plant capacity to 420,000 tonnes per year. About $300 million will be spent on the project in 2011 and a 400 person camp for construction crews is already on site.

The Kitimat LNG consortium headed by Apache Canada is acquiring the old West Fraser Eurocan Pulp & Paper site for location of its $3 billion liquefied natural gas plant.

Rounding out Kitimat’s trio of mega projects, Enbridge Inc.’s 1,170 kilometre, $5.5 billion Northern Gateway oil pipeline, originating in Alberta, will have Kitimat as its western terminus if it receives permission to proceed.

The $404 million Northwest Transmission Line extension to Bob Quinn Lake on Highway 37 is proceeding. It could become the key to developing the northwest’s mineral potential.

“I believe there are about $6 billion worth of proposed mines ( in the northwest) that are in differing phases of the environmental assessment review process,” said Thorn.

Major run-of-the-river power generation proposals could become more feasible with closer proximity to the provincial power grid.

About $42 million has or is scheduled to be spent in 2011 on the Galore Creek, copper gold project adjacent to the Highway 37 corridor during the preparation of a pre-feasibility study due by the end of the year.

Construction began on the Galore Creek project in 2007, but was halted when cost estimates for the project more than doubled to $5 billion.

Thompson Creek Metals Company near Endako in central B.C. is continuing its upgrade on its molybdenum mine with about $400 million in expenditures.

The company is also the owner of the Mt. Milligan project, about 92 kilometres north of Fort St. James, where construction is gathering momentum on an open pit copper/gold mine with an estimated total cost of $1.3 billion.

Coal is king in B.C.’s eastern Rocky Mountain foothills with three producing mines in the Tumbler Ridge area. The region is under intense scrutiny for underground coal mine development by companies and steel makers in China.

“These and other projects really identify the need for electrical power,” noted Thorn.

The massive multi-billion dollar Site C dam project proposal on the Peace River near Fort St. John is being investigated as a solution.

The regional transportation infrastructure is being upgraded to support these developments.

Highway improvement projects are underway on Highway 97 north through the Pine Pass and south along the Cariboo Connector toward Vancouver. The Boundary Road project is underway to create a proposed logistics park near the Prince George Airport, while the CN container re-load facility in Prince George has reached its capacity in three years. It was expected to take 10 years, Thorn said.

Construction work is continuing on a new hospital in Fort St. John and a cancer clinic in Prince George. Tenders should be sought soon for a new $25 million RCMP headquarters in Prince George.

“We mustn’t forget the greening of the pulp and paper industry and projects there,” said Thorn.

A new wood pellet manufacturing plant near Burns Lake and major upgrade to the Husky Refinery in Prince George are other significant regional projects.

“The industrial sector has been very buoyant,” she said.

Thorn believes she knows why construction is booming in the north.

“It’s because of world commodity markets and our own geographic luck of being strategically well placed,” she said.

The demand for commodities is being driven by Asian markets.

Skilled labour shortages, however, are a concern.

“The pressure is on right now and (especially) in certain trades,” said Thorn. “We need the human resources and we’re gearing up training. We’re also looking outside the province to the U.S. and further afield.”


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Saturday, July 9, 2011

Northern B.C. Future Bright, with Some Policy Changes

By Submitted Article - Opinion 250

Friday, June 03, 2011 10:59 AM

Dr.Paul Bowles, UNBC Economics Professor says there needs to be policy change so the north can reap benefits of commodities boom
Prince George, B.C. - Dr. Paul Bowles, an economics professor at UNBC says when it comes to the economy, it is no longer a bad thing to be economically reliant on commodities. That bodes well for the future of northern B.C. as its resources such as minerals, oil and gas, are in high demand. But the professor says there needs to be some policy change to ensure northern workers and communities reap the benefits.

He says the minerals commodities pricing was virtually unchanged for 60 years, then, it spiked “The prices are out of whack compared to where they have been”. He noted the same could be said for food pricing, and oil pricing . “There has been a dramatic shift in the nature of the Canadian economy and in the North’s economy.” The climb of the Canadian dollar is further evidence of the demand for commodities, a move which has squeezed the manufacturing sector.

“We are living in unprecedented times for demand for commodities”. While he says part of the reason for the boost in pricing is speculation, but there has been incredible growth in India and China.

Dr. Bowles says the real challenge will be addressing the social issues which come along as a result of the demand for resources. How will be benefits of the resource booms be shared, who will get what?

He asks “will there be windfall profit taxes? Where will those taxes go? Will workers share in the benefits?”
Over the last decade, Bowles says socially, policies have gone in the wrong direction with the employment standards changes, and growth of casual work, have not been positive for workers.

He says the abolition of appurtenancy was also a bad move “It tied local resources to local communities it was a direct way of sharing revenue with local communities.” While appurtenancy was a “province building” strategy.

He says the male work-camp model poses strains for the workers, and strains on their families.
“The whole focus for the past decade has been to increase the flexibility for firms, and decrease the security for workers.”

He says there has to be new ways to revenue share and risk share for workers and communities. He says there has to be some way of investment sequencing, for instance, mega projects today create a job shortage, then when that project is complete, there is a job surplus. Sequencing could eliminate or at least reduce those employment swings.

He says there should be some local procurement and hiring rules for projects, which include gender equity policies.

Dr. Bowles says rather than have a B.C. Progress Board, he says there should be a Brighter Futures Board which has representation from all sectors and all regions. “This part of the world is not going to have a brighter future unless all voices are heard, and all regions are involved.”

Above copy courtesy of Opinion 250

Best regards

Dean Birks

Top Office Producer 2010

Royal LePage Prince George
Phone (Direct): 250-612-1709
Fax (Direct): 1-888-870-4132

www.DeanBirks.com

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog

Mining to lead the way in BC - Vancouver Sun

Prince George Real Estate - Here is a great artical in the Vancouver Sun suggesting that mining in BC with lead the way. Great news for Central BC & Prince Geroge.

Have a great week!

Best regards

Dean Birks

Top Office Producer 2010

Royal LePage Prince George
Phone (Direct): 250-612-1709
Fax (Direct): 1-888-870-4132

www.DeanBirks.com

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog

Chalk Up Another Award for UNBC Folks

By Submitted Article  Opinion 250

Saturday, July 09, 2011 03:36 AM

Jake Edwards and Dr. Waqar HaquePrince George, B.C.- More international awards for a professor and student at UNBC.

The pair, Computer Science Professor Waqar Haque and fourth year undergraduate student Jake Edwards, recently won awards at two separate international conferences for their work .

First, it was the Best Research Paper Award out of submissions from 22 participating countries at the International Conference on Information and Communication Systems in Jordan.

Dr. Haque and Edwards then went on to win another award for Best Research Paper at the Business Intelligence and Data Warehousing Conference in Singapore last month.

“It was a fantastic experience for me. I really appreciated the chance to work with Dr. Haque on these papers” says Edwards. “It’s an opportunity I probably wouldn’t have had at a larger institution. I may not have even learned that this type of research is something I enjoy, which it certainly is.”

Both of the winning papers concern methods of analyzing raw data from unconventional sources to achieve business objectives. “Business data is traditionally collected by units such as finance, marketing, or sales that have an eye for the type of analytics they need and collect the appropriate information,” says Dr. Haque, who is also a professor in UNBC’s School of Business.

“Basically if you look at the information being recorded by any business, such as the transaction history in a bank account or at a retail outlet, it’s all raw data,” says Edwards. “A specific business objective may not have been in mind when the data was compiled, but the raw data can still be analyzed and transformed into information which can be used to answer business questions related to spending patterns, targeted marketing objectives, or any other point of interest.”

Copy courtesy of Opinion 250

Best regards

Dean Birks

Top Office Producer 2010

Royal LePage Prince George
Phone (Direct): 250-612-1709
Fax (Direct): 1-888-870-4132

www.DeanBirks.com

 

Oh, by the way. I'm never too busy for your referrals!

Posted via email from Prince George Real Estate blog