Mr. Speaker, in addition to the human resources package announced at the time of the announcement of the Phalen mine closure, we also indicated that there were two other equally important components in the package. One was the attempt to privatize the Prince mine with the objective of maintaining up to 500 jobs in the coal mining business on Cape Breton Island. The other was $68 million for an economic development fund to find a new and more viable economic future for the people of Cape Breton.
In the House of Commons on October 20th, 1999. See this statement in context.