Plan for developing Bonanza Ledge mine near Barkerville uses spiral tunnel to reach gold below existing pit.

Signs of spring for B.C. mining industry

Gold projects at Barkerville and in the northwest moving ahead, as metal prices and steelmaking demand revive in Asia

The pending return of mining to Barkerville and an uptick of demand for iron ore in Asia are signs that the worldwide commodity slump may be coming to an end, says B.C. Energy and Mines Minister Bill Bennett.

In an interview after last week’s Prospectors and Developers Association of Canada convention in Toronto, Bennett said construction and steelmaking in China are key indicators of demand for metallurgical coal from Kootenay and South Peace mines, which have cut production due to poor international demand and low prices.

“I went there expecting the same as last year, with everyone being pessimistic, and instead I actually thought there was a fair bit of optimism, particularly for B.C.,” he said.

Bennett met with representatives of Barkerville Gold Mines Ltd., which plans to build an underground mine the historic region of the Cariboo gold rush of the 1860s. The company has reorganized, paid its debt and raised enough money to get the project into production this year, he said.

Barkerville Gold has been accumulating properties in the Cariboo since 1994. Its plan is to develop three sites, starting with the Bonanza Ledge mine at Barkerville Mountain, two kilometres northwest of the historic townsite from the placer mining boom.

Brucejack, an underground gold mine north-west of Smithers that was permitted last year, is also moving ahead.

“He’s got about 400 people working there now and he’s going to have 500 as the snow goes down,” Bennett said. “That’s as many people as are working at Site C. It’s happening out of sight, out of mind so nobody knows about it.”

 

Just Posted

Reel Reviews: A shallower Deadpool

We say, “It is more of the same for Deadpool 2.”

Kelowna Vegan Festival takes over the Rotary Centre

The plant based creations stem from wanting to create a product that brings people together

UPDATE: West Kelowna fire deemed suspicious, crews dousing hot spots

Boucherie fire quiet overnight, mop-up continues, while evacuees have returned home.

Where to find the best ingredients for a vegan charcuterie board in the Okanagan

It’s warming up, pair your summer whites with a vegan charcuterie creation

Airbnb hosts earning millions in the Okanagan

The Okanagan was among the list of three Canadian wine markets.

Trans Mountain pipeline: Is it worth the risk?

Concerns range from the threat of an oil spill to the impact of tanker traffic on wildlife

Wildfire sparked north of Merritt, estimated 8 hectares

BC Wildfire Service is responding to the fire near Chattaway Lake FSR 27 kilometres north of Merritt

Call for artists for upcoming South Okanagan exhibition

The Penticton Art Gallery is inviting artists from across the globe to submit artworks

B.C. to spend $181M to create 200 general practitioner jobs

Jobs will go to new medical school graduates

Vernon company wins Ozone best production

Powerhouse Theatre’s Calendar Girls will move on to the Theatre BC Mainstage Festival

Host AquaJets fly at long course invitational

Kelowna swim club wins team title at annual spring meet at H2O

Federal leaders trade barbs about India trip at press gallery dinner

Justin Trudeau’s infamous trip to India earlier this year was the focus of many of the jabs

Most Read