Tomorrow on December 1st, Premier Christy Clark and Rio Tinto Alcan CEO, Jacynthe Cote, will be at the Kitimat Modernization Project’s Construction Village to make an important announcement.
Rio Tinto has not yet released details regarding the subject of the announcement, but we expect that they will declare the final Board of Director’s approval of the Kitimat Works Modernization project. If this is the case, it will further support their expressed commitment to the development and growth of communities in the region.
To date, Rio Tinto has invested approximately $700 million into the first phase of the modernization project, building a base camp that supports around 500 skilled workers. Currently, they are spending around $1 million per day on the project. However, if this announcement confirms what we anticipate to hear, they could be spending up to $6 or $7 million per day by this time next year.
Look out for our report regarding tomorrow’s announcement.
Read our blog to learn more about development projects happening in the area, as well as what's happening in Terrace.
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