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Global News
07-05-2025
- Business
- Global News
Mining sector seeks to expand its economic footprint in B.C.
British Columbia's mining industry says it hopes to contribute more to the province's economy. 'There are three things we need to do here in British Columbia,' Mining Association of B.C. president and CEO Michael Goehring told the Greater Vancouver Board of Trade. 'Accelerate mine permitting, support First Nations capacity and partnerships and invest in and expand our electricity grid.' Currently, the industry contributes an estimated $ 18 billion in economic activity. 1:45 Price of gold hits record high, providing opportunity for B.C. mining industry The Mining Association of B.C. says there are 27 mining projects in advanced stages of development, representing $90 billion in economic activity. Story continues below advertisement A study done for them by Mansfield Consulting claims the projects would generate $27 billion in labour income, with operations estimated to reach $984 billion in economic activity. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The province says it's trying to expedite permitting. 'We are working on it to ensure that we have fixed timelines when it comes to the mining permitting process so that we can provide certainty and stability for this sector,' Mining Minister Jagrup Brar said. 1:39 B.C. government to fast-track major resource projects and mines Also pushing for a speedier process, along with environmental protections, are the BC Conservatives. 'I know that these companies that are out there now, they have the technology to be able to do this properly, and they have the right technology and know-how to be able to protect the environment,' Mining Critic Pete Davis said. Story continues below advertisement As tariff threats continue, the industry sees itself as well placed to lead economically and strategically. 'We're uniquely positioned to play a central role in providing Canada's allies and partners with critical minerals, precious metals and steel-making coal they need,' Goehring said.
Yahoo
03-05-2025
- Business
- Yahoo
Study reveals $65.1bn activity from 27 mining projects in BC, Canada
The Mining Association of British Columbia's (MABC) independent 2025 economic impact study has highlighted 27 advanced-stage mining projects in British Columbia (BC) that could collectively inject more than C$90bn into the economy amid global instability and fiscal challenges. The construction of these 27 projects could represent an investment of more than C$41bn, which is in turn expected to create thousands of jobs, generating C$27bn in labour income and contributing more than C$12bn in tax revenues. Furthermore, the procurement of goods and services from local suppliers is estimated to reach C$20bn. MABC president and CEO Michael Goehring said: 'BC has the minerals, precious metals and steelmaking coal the world needs. Mining has the potential to drive a new wave of economic growth – creating jobs, strengthening local and First Nations communities, and generating revenues for government services.' The operation of these mines over the coming decades is projected to contribute up to C$984bn in economic activity. BC's mining industry is recognised for its low carbon footprint and as a leading supplier of responsibly produced materials crucial for modern technologies, including electric vehicle batteries and wind turbines, says MABC. Mansfield Consulting conducted the study, assessing the impact of 18 critical mineral projects, six precious metal projects and three steelmaking coal projects, which are in advanced stages of development. Data for the study was gathered through interviews, technical and feasibility studies, and economic assessments published by the proponents and accessible on the SEDAR (System for Electronic Document Analysis and Retrieval) website. The study builds upon previous analysis from 2024, which evaluated the impact of 17 proposed critical mineral mines. Goehring added: 'The responsible development of BC's critical minerals, precious metals and steelmaking coal resources can secure BC's economic future, resiliency and long-term prosperity. It is time to get more mines built.' The mining sector in BC supports more than 35,000 jobs and nearly 4,000 businesses, including those owned by First Nations. It accounts for $18bn in annual economic activity and represents nearly 30% of the province's goods exports. In February 2025, the Government of BC fast-tracked 18 mining and energy projects with an estimated value of C$20bn. "Study reveals $65.1bn activity from 27 mining projects in BC, Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
