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THE FACTS ON MINING IN BRITISH COLUMBIA
April 3, 2009
Ministry of Energy, Mines and Petroleum Resources
Here are the facts on mining in British Columbia and what impact it has on the economy:
- Since 2001, a total of 12 metal and coal mines have opened or reopened in B.C.
- The value of mineral sales in B.C. more than doubled over the last seven years reaching $6.6 billion in 2008, up from $2.9 billion in 2001, according to preliminary Stats Canada estimates.
- Investment in mineral exploration was nearly $367 million in 2008, a 1,266 per cent increase over the 2001 investment level of $29 million.
- B.C. has more than 20 mine development projects under B.C. environmental review.
- There were 388 exploration stage projects for minerals, coal, industrial minerals and aggregates throughout B.C. in 2008.
- The number of exploration projects with budgets in excess of $1 million was 98 in 2008, carried out by 770 publicly listed B.C. companies.
- Sixty per cent of Canadian exploration companies are based in B.C., raising $2.9 billion in equity capital for mining and exploration in 2008.
- In 2008, there were 10 metal mines, nine coal mines, and over 35 major industrial minerals quarries and mines in operation providing employment for B.C. workers.
- In 2008, a total of 28,000 people were employed in the mining and minerals sector in over 50 B.C. communities: approximately 14,000 directly and several thousand additional jobs in the service sector that rely on exploration and the mining industry.
- Each British Columbian requires an average of 12 tonnes of aggregate per capita per year for housing, roads, schools, shopping centres, hospitals and libraries.
Letters to the Editor
February 25, 2009
Letter to the Editor
MINING SECTOR NOT BEING IGNORED
By Gordon Hogg
Minister of State for Mining
Submitted: Vancouver Sun
Status: Not Published
Since 2001, our government has supported, encouraged and promoted B.C.'s mining industry and recently enacted new measures to support mining during the worldwide economic downturn. ("B.C.'s mining industry is too important to ignore" Feb. 24, 2009.) [Read More]
