Head of B.C. Mining Association Says B.C. on Cusp of Exciting Times
By 250 News
Friday, April 23, 2010 04:31 AM
Prince George, B.C.- Pierre Gratton of the Mining Association of B.C. says “We’re on the cusp of some very exciting times in our province.”
Already, mining in B.C. provides $8 billion dollars to the GDP and direct employment for 14 thousand people and indirect jobs for 35 thousand more.
Gratton says the new injection of mines on the horizon in B.C., will not only support communities hit by the mountain beetle, it will reverse the province’s trade imbalance and B.C. may begin to export as much as it imports.
There are 6 to 7 mines in construction or in the final stages of permitting, that’s about $4 billion dollars in private sector investment, and there are another 18 projects that are under exploration.
Gratton says major mines are rare with only 20 operating in B.C. today. But they are huge economic drivers “Each one is the equivalent of holding the Olympics every year” says Gratton.
“I think British Columbians understand that our industry is vital to their future” . A recent survey by the Mining association shows mining has been given 90% approval, the approval rating in Princeton was 87% and in Smithers, 86%. ”This tells us the people in these communities want us to be there and see us as important to their communities.”
Once again, the duplication of environmental assessments by Provincial and Federal governments was noted as a barrier to mining activity. Gratton says there is some encouraging news in some Federal amendments that could help reduce the red tape “There is still some work to be done, but there are some very encouraging signs.”
He says Site “C” is critical for the future of development in the Province. “If we don’t bring on that extra power capacity we are running the risk of losing other industries like ours which rely on the abundance of that clean, inexpensive power. It is a competitive advantage which allows us to compete against Chile and other jurisdictions in the world. If we don’t have that we could be in trouble.
Gratton says there are some challenges on the horizon, “But I think we are on the cusp of a really important time for our industry.”
Gratton was addressing the Minerals North Conference in Prince George, the Conference and Trade show continues today at the Prince George Civic Centre.
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