Mining To Be Leader In Provincial Economic Recovery
By 250 News
Monday, January 18, 2010 10:46 AM
Prince George, B.C.- “Going for the gold, and everything else” that’s the theme of the Mineral Exploration Roundup now underway in Vancouver.
The Provincial Minister of State for Mining, Randy Hawes, says 2009 was a productive year for mining exploration in B.C. with $154 million dollars spent. Of that amount, more than one third, ( $64 milion) was spent in the northwest.
Hawes says there is a great deal of optimism among the thousands of delegates attending the annual convention and trade show in Vancouver as mining is expected to be a future leader in the economic recovery of B.C.. Hawes points out that last year, the average mining salary was $112,800 and he expects several new mines to be on stream by 2013.
Mount Milligan, 155 km northwest of Prince George, is one of the mines expected to generate jobs and revenue. Construction will begin later this summer, and Terrane Metals expects production will begin in late 2012.
There is a legal battle over the Mount Milligan property as one First Nation has launched a case against the Provincial government over the process. While not speaking to that case specifically, Hawes says the Province is embarking on developing revenue sharing agreements with First Nations so mines will be a benefit to all. “We are, and will , sit down with any First Nation anywhere that there’s a mining proposition, and talk about revenue sharing and engage in a full consultative process. We’ve been doing that for some considerable length of time.”
While Hawes notes that forestry has seen some difficult times, and there are efforts to find new markets for wood products, he says it’s not going to happen overnight. “Mining on the other hand, there is a huge international demand right now, particularly in Asia for our minerals and our coal. Mining is happening now, forestry is going to happen, but it won’t happen tomorrow.”
It can take several years for a mine to develop from exploration to extraction. Hawes says the Province continues to work with the Federal Government towards developing a single ,robust, environmental approval process that can be more streamlined and reduce the amount of time it can take for a company to receive permits.
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