Association for Mineral Exploration British Columbia (AME BC)

Association for Mineral Exploration British Columbia (AME BC)
The Mining Association of British Columbia

The Mining Association of British Columbia

June 08, 2007 16:15 ET

AME BC and the Mining Association of British Columbia: BC's Mineral Exploration and Mining Sector Welcomes Investment in Geoscience in Pine Beetle Area

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2007) - Leaders of British Columbia's mineral exploration and mining sector welcomed today's announcement by the Hon. Gary Lunn, Minister of Natural Resources Canada, of $39.6 million of federal funding for ongoing work to address the mountain pine beetle infestation affecting the province.

"We are pleased that the federal government is showing its commitment to areas affected by the mountain pine beetle," said Dan Jepsen, President & CEO of the Association for Mineral Exploration BC (AME BC). "In particular, the government's funding of $6 million for geoscience projects to encourage energy and mineral exploration can have huge benefits for communities throughout the region as they look for opportunities to diversify their economies. The oil and gas sector and mines present great potential opportunities for the communities affected by the pine beetle," said Jepsen.

"The potential economic and social consequences of the pine beetle epidemic are truly staggering," said Michael McPhie, President & CEO of the Mining Association of BC (MABC). "We believe that the mining industry can provide the bridge that affected communities need during the decades required to rebuild the timber supply. Investing $6 million in geoscience will help us find the potential mines that can provide the stable, long-term, well paying jobs that the communities impacted by the pine beetle will need. We appreciate the federal government has recognized this and acted."

Geoscience investment is the foundation of a sustainable mineral exploration and mining sector. A high-quality geoscience database is a key competitive advantage internationally, especially as jurisdictions overseas improve the quality of their geological databases. Despite increased mineral exploration expenditures nationwide, Canadian metal reserves are at a 25-year low. Geoscience investment is necessary to discover new mines, which will ensure that British Columbians continue to benefit from the high-wage, family supporting jobs that mining provides in communities throughout the province.

About AME BC

AME BC was established in 1912 and represents over 3,900 members including geoscientists, prospectors, engineers, entrepreneurs, exploration companies, suppliers, mineral producers, and associations who are directly or indirectly engaged in mineral exploration in British Columbia and throughout the world. Through leadership, partnerships, and advocacy, AME BC promotes a healthy environment and business climate for the mineral exploration industry on behalf of its members.

AME BC is regarded as the predominant voice of mineral exploration and related issues in British Columbia.

About the Mining Association of BC

Established through an act of the BC Legislature in 1901 to represent the interests of BC's mining industry, the MABC is one of the oldest industry associations in the province. The MABC represents the needs and interests of coal, metal, and industrial mineral mining companies with operating or business interests in BC, supply and professional service organizations, and institutions with an interest in the mining industry.

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