Natural Resource Forum a Popular Pick for January
Prince George, B.C. – The Premier’s Natural Resources Forum in Prince George, is only a few weeks away and the interest in attending is growing.
Host MLA Mike Morris says enthusiasm is not being dampened by the recent downturn in the commodity markets resulting in mine closures in Tumbler Ridge and Fraser Lake and the slow progress in LNG projects.
“The commodity markets, particularly in rural B.C., we have been living with the upswing and downswings in commodity process our whole life here, so we’re planning for the future. The prices aren’t always going to be down in the toilet, things will improve” says MLA Morris. He is confident the new year will bring good news on the LNG front “We are still very optimistic, we are going to see some positive moves early in 2015 with the LNG sector and once we see that, we’re going to see pipelines and that’s going to need steel and molybdenum is part of the steel manufacturing picture around the world.”
That demand for molybdenum could be a boost to Thompson Metals, which has recently announced the temporary shut down of its Endako Molybdenum mine, a move that has placed about 300 people on temporary lay off.
Morris says the January 20th to 22nd forum provides an opportunity to talk about what lies ahead “We’re looking at some of the major players in various sectors of the resource industry to talk about what the future looks like for them , what they’re planning for, and any changes that might be coming with respect to technology, with respect to how some of these resources will be used in the future. It’s talking about the positive side of things.”
Morris agrees mining is under a great deal of pressure, not only from falling commodity pricing, but public pressure as well in the wake of the Mount Polley tailings pond breach “Mount Polley was a totally unexpected situation and the lessons that are going to be learned from Mount Polley will be put into play across the province and right around the world when they determine what caused that breach.”
But Morris says the good news is, commodity prices do come up to levels where it makes it attractive for investment “These companies that are investing in mining operations have a very long term vision and thankfully they do, otherwise we would never get some of these projects off the ground. “
Registration for the event is well ahead of where it was at this time a year ago, and that bodes well for showcasing Prince George says Morris “I think people are really interested in hearing what’s going on, not just local people, but people from across the country. The resource sector is connected around the world and I’m pushing Prince George as the nucleus of the supply sector for resource development, and showing people what we have here.”
Comments
Comments for this article are closed.