The Mining Association of British Columbia

The Mining Association of British Columbia

February 26, 2009 17:11 ET

The Mining Association of British Columbia: The Mining Industry Urges Governments to Heed Trend Signaled by Fraser Institute Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2009) - British Columbia's small decline in this year's ranking draws attention to the need to address inefficiencies in the regulatory process and the uncertain relationship between the government and First Nations as an obstacle to investment and growth.

Pierre Gratton, President and CEO of the Mining Association of BC said, "BC has improved its ranking significantly over the past number of years, but this year's report suggests more work is required. It will be important to build on the efforts already being made by government to support the mining industry and to tackle difficult policy issues collaboratively in order to improve BC's overall score next year."

In part, success in BC can be linked to tax and policy improvements that have been made by the provincial government to support the industry. Economic stability and strength in the mining sector translates into improved overall economic health for the BC economy.

"There is no question about the potential for British Columbia to lead the global market in mineral exploration and development as the economy recovers. There is high development potential here, but in order to take advantage of that potential, we need to graduate more companies from the exploration stage into production," added Mr. Gratton.

Working with the federal and provincial governments, MABC will continue to advocate for an environmental review process and regulatory framework that is clear, efficient, and effective and that support the creation of new mines, and the profitability of existing mines. It will also encourage the provincial government to establish a transparent, timely and effective consultation processes with First Nations on mining activity throughout BC.

Contact Information

  • Mining Association of BC
    Pierre Gratton
    President & CEO
    (604) 681-4321, ext. 120
    (604) 681-5305 (FAX)
    Website: www.mining.bc.ca