Confidence in Mining Industry Growing
Prince George, B.C. – After a few dark years for the mining industry, a top executive feels things are starting to turn around for the struggling industry.
Glen Wonders made the comments Tuesday on day one of the Minerals North Conference at the Civic Centre in Prince George.
“The last five years really have been very, very challenging for minerals, mineral exploration and mining,” says Glen Wonders, VP of technical and government affairs with the Association of Mineral Exploration B.C.
“We’ve had lower commodity prices and with it a lack of interest in the commodity markets. It’s been challenging for junior companies that usually make major discoveries and the prospectors as well of course.
But despite those challenges, he’s seeing a new sense of optimism with big turnouts for mineral conferences “across the country” – including 6,000 delegates at the Vancouver Resource Investment Conference in January.
“So, we think there’s a renewed interest, and commodity prices are starting to inch up steadily.”
With a provincial election less than two weeks away, does Wonders feel a possible change in government would have an impact on the industry?
“All parties have come out and said that they support the mining industry. They support mineral exploration,” he says. “Even though mining is a finite resource it allows an opportunity in a regional context that is very attractive and very healthy in terms of creating jobs and opportunities for rural people.
“So, every party gets that, they understand that. It’s just a question of how their policy framework around enabling mineral exploration and mining is going to be developed and brought forward into the industry within the province.”
This week’s conference, which moves from city to city each year, has drawn well over 300 delegates and includes a trade show.
It wraps up tomorrow.