The Mining Association of British Columbia

The Mining Association of British Columbia

April 21, 2010 08:00 ET

MABC Supports This Week's Announcement on Site C

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2010) - The Mining Association of British Columbia (MABC) supports this week's announcement by the provincial government to proceed with planning for the Site C dam project.

"The Mining Association of British Columbia supports the development of Site C. We encourage BC Hydro, working with government, communities and First Nations partners, to move forward on the project as quickly as is reasonable," stated Pierre Gratton, President and CEO of MABC.

Building the Site C dam on the Peace River is the best option available to meet the goals of producing clean energy, becoming self-sufficient for electricity generation as well as maintaining the low cost power rates that have long provided BC with a significant competitive advantage. Mr. Gratton stated that, "one of the key factors in the success of mining in BC over the last 50 years has been our access to some of the lowest cost and most reliable electricity in the world. By beginning the planning process to build Site C, the BC government is reiterating its commitment to maintaining BC's competitive advantage well into the future."

Building new mines to utilize the clean electricity produced in BC has long been a cornerstone of the mining industry's climate action plans. The development of Site C will help ensure the security and reliability of electricity supply needed by the industry to take advantage of the opportunities available for new mine development.

"Our industry is about to undergo a renaissance, the likes of which have not been seen for many decades" added Mr. Gratton. "With several new mines on the horizon in the next few years and many more moving towards the environmental assessment phase, the timing of this week's announcement is very good for our industry."

MABC represents companies involved in the exploration and development, mining and smelting of minerals, metals, coal and industrial minerals in British Columbia. MABC is regarded as the pre-eminent voice of mining in the province.

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