Business

B.C. still attractive to miners, minister says

Energy and Mines Minister Bill Bennett (right) visits ironworkers at Red Chris Mine in northwestern B.C. The northwest transmission line is to be completed this year, supplying power to the mine. - B.C. government photo
Energy and Mines Minister Bill Bennett (right) visits ironworkers at Red Chris Mine in northwestern B.C. The northwest transmission line is to be completed this year, supplying power to the mine.
— image credit: B.C. government photo

Industry representatives from around the world are disappointed in the latest rejected mine in B.C., but they're not taking it out on the provincial government, Energy and Mines Minister Bill Bennett says.

Bennett started his week in Toronto at the Prospectors and Development Association convention, pitching B.C.'s efforts to make B.C. more attractive to mining investment. He said delegates were disappointed to hear that Taseko Mines' proposal to develop a copper-gold deposit near Williams Lake.

"People don't associate that decision with the B.C. government, they associate it with the federal government, and I think people here are more optimistic than I expected," Bennett said in a phone interview from Toronto.

With 30,000 delegates, the convention is the largest industry gathering in the world. Bennett promoted the construction of the Northwest Transmission Line, bringing electricity to the remote region north of Terrace. To be completed this summer, the line will enable operation of the Red Chris copper-gold mine near Iskut.

Of the 20 major mine proposals currently in the B.C. environmental assessment process, five are in the northwest.

Bennett said one of the main difficulties for junior mining companies is attracting financing for projects that take many years to develop and produce returns.

The annual Fraser Institute global survey of mining companies was released at the convention. Alberta was viewed as the most attractive jurisdiction in Canada for mining, and third in the world, based on taxation, legal system and certainty around land claims.

B.C.'s ranking in the survey went from 31st to 32nd in the world, a measure of its aboriginal relations climate.

Gavin Dirom, president of the Association for Mineral Exploration B.C., said the province has improved in the ranking over the past five years, along with Alberta and Nunavut.

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Just the Facts: The B.C. Teachers Strike (VIDEO)
 
Kelowna Rockets hockey team lauded for its economic impact
 
Canada mulls role in NATO rapid brigade
Snowboarder admits guilt, agrees to pay for damaged church sign
 
Cutbacks shut doors of employment service
 
Watson House showcases region
Richest 10 per cent hold more than half of wealth in B.C.
 
This business is for the dogs, and all your pets
 
Family wins in national Investors Group contest

Community Events, September 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Sep 17 edition online now. Browse the archives.