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The Province
07-05-2025
- Business
- The Province
Mining association heralds $90 billion in potential projects to seize moment of national interest
"In the current climate of economic security, B.C.'s mining sector has the ability to secure a stronger, more stable and resilient economic future for all British Columbians." — Michael Goehring, CEO, Mining Association of B.C. Highland Valley Copper open pit. PROVINCE The Mining Association of B.C. says the industry has a once-in-a-generation opportunity to boost public support for new mines, and it touting $90 billion worth of potential projects at a time other big projects are winding up construction. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors A year ago, the association published a list of 17 potential projects at some stage of environmental review and approval, four of which have already been singled out by the province for fast-tracking under the promise Premier David Eby made to kickstart resource projects to defend B.C.'s economy. The mining association has expanded that list to 27 in its latest forecast, which CEO Michael Goehring said was a response to 'unprecedented economic uncertainty that we're facing here in B.C. and Canada.' 'What we did find was that the economic potential of these 27 projects is substantial, actually it's staggering,' Goehring said, noting that if even half the projects were to go ahead 'that's $45 billion in economic activity across British Columbia.' The mining association's challenge to government is to make good on its promises to expedite permitting and bolster the consultation process to give First Nations the chance for meaningful participation in review processes and help unlock what Goehring called a 'generational opportunity.' Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. 'B.C. has what the world needs, but mining has what B.C. needs,' he said. 'In the current climate of economic security, B.C.'s mining sector has the ability to secure a stronger, more stable and resilient economic future for all British Columbians.' The catch is that many of the projects exist only as potential mineral deposits that have been singled out by prospecting and exploration. They'll need more exploration work and favourable global markets, among other factors, to reach production, according to experts. 'We need to be cautious in saying that all of these could advance,' said John Steen, director of the Bradshaw Research Initiative in Minerals and Mining at UBC, noting that going from discovery of a deposit to an operating mine can take decades. Some of the most time-consuming steps — environmental reviews and permitting of new mines — are things the province has promised to speed up in a bid to boost mining as economic security against U.S. tariffs and President Donald Trump's threats to Canadian sovereignty. This advertisement has not loaded yet, but your article continues below. And in seizing a moment when new Prime Minister Mark Carney also heralded Canada's critical mineral potential promising a 'one project, one review' process, Goehring said his association wanted to 'take a fresh look at all of the mining projects currently on the books.' The mining association is taking its revised economic impact study on tour of major business associations. Last Friday, Goehring spoke at the Minerals North conference in Prince George. Tuesday, he brought the document to the Greater Vancouver Board of Trade for the mining association's annual keynote event and to a panel convened for an episode of Conversations Live on The Vancouver Sun's website. In the immediate moment, with projects such as the $40 billion LNG Canada development and B.C. Hydro's $16 billion Site C dam winding up construction, Goehring said there is an impetus to move ahead quickly with mining. This advertisement has not loaded yet, but your article continues below. The federal government has already been promoting mining as the means to embrace the climate-related transition to renewable energy with the critical minerals strategy it unveiled in 2022. Goehring, speaking to a full ballroom audience at the Fairmont Hotel Vancouver, said he would like to give governments an A grade for the things they've been saying in commitments to speed up mine permitting. 'However, at this point I have to give them a grade of 'incomplete' when it comes to actually shortening those approval timelines,' Goehring added. 'Because we have been talking about this for a long time.' First Nations, meanwhile, have raised concerns about whether fast-tracking projects can be accomplished while respecting Indigenous rights. The Assembly of First Nations regional chief, Terry Teegee, has acknowledged the need to counter 'bullying behaviour of the United States,' but said development must align with the Declaration on the Rights of Indigenous People's Act. This advertisement has not loaded yet, but your article continues below. Goehring said Tuesday that mining 'can be a rising tide for First Nations' by providing jobs and opportunities in far-flung communities, but both industry and government have to make sure Nations have the capacity to take part in decision making 'on a level playing field.' Steen said the convergence of events create mixed conditions for the prospects for mining. The energy transition does boost long-term demand for a lot of the minerals that B.C. produces, such as copper. In the short-term, the uncertainty sowed by the U.S. trade war does boost prospects for gold miners as investors flock to the so-called 'safe haven' investment, Steen said. The risk of recession, however, will make it harder for projects seeking to develop base metals such as copper and nickel. depenner@ Read More Crime Vancouver Canucks Vancouver Canucks Health Junior Hockey
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
