Association for Mineral Exploration British Columbia (AME BC)

Association for Mineral Exploration British Columbia (AME BC)

April 25, 2008 14:56 ET

AME BC: BC's Mineral Exploration Sector Seeks Clarity on Uranium Policy

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 25, 2008) - British Columbia's mineral exploration sector is seeking clarification regarding a provincial government announcement that it will not support the exploration and development of uranium in British Columbia.

Safe, environmentally sound uranium exploration is ongoing in six provinces and three territories by well-respected, professionally managed companies. All uranium mining and mine development in Canada is highly regulated by the Canadian Nuclear Safety Commission. Canada is the world's largest uranium producer, and is responsible for approximately 30% of the world's total uranium production. "Uranium mining is one of the most regulated industries in the world," noted Jepsen. "All uranium production in Canada currently occurs in Saskatchewan, which is a world leader in the health and safety of miners."

"Uranium is a key solution in the greening of energy, and is increasingly seen as one of the only robust and sustainable solutions in the greening of global energy production," said Jepsen. "Hydroelectric and nuclear power are the only current large-scale energy sources that generate minimal carbon dioxide emissions."

"The global investment community will be monitoring the BC government's position on uranium closely," said Jepsen. "We are disappointed that the government had not consulted our industry more in developing this policy. We are eagerly waiting to meet with senior government personnel to address the concerns of the mineral exploration industry to best provide certainty for the investment community and communities that depend on our sector."

About AME BC

AME BC represents over 4,900 members including geoscientists, prospectors, engineers, entrepreneurs, exploration companies, suppliers, mineral producers, and associations who are engaged in mineral exploration in BC and throughout the world. Through leadership, partnerships, and advocacy, AME BC promotes a healthy environment and business climate for the mineral exploration industry. AME BC is regarded as the predominant voice of mineral exploration in British Columbia.

Contact Information

  • AME BC
    Dan M. Jepsen
    President & Chief Executive Officer
    (604) 818-7878