In the province of British Columbia, 16 proposed critical mineral mines, worth C$36 billion in near-term investment, 300,000 person-years of employment and C$11 billion in tax revenues, are at a critical juncture, a new independent economic impact analysis conducted for the Mining Association of British Columbia (MABC) has found.
There are currently 10 metal mines, seven steelmaking coal mines and two smelters operating in BC, which is regarded as a key global mining jurisdiction. BC is Canada’s leading producer of copper and steelmaking coal, second largest producer of silver, and only producer of molybdenum, MABC said.
The study by Mansfield Consulting examined 14 potential critical mineral mines and two mine extensions, and found the long-term economic impact of operating these mines over several decades could be nearly C$800 billion ($599bn).
While Canada is aiming to become a bigger player on the world stage in terms of critical minerals supply, the mining permitting process in British Columbia is known for its lengthy delays, and finding solutions are a priority, the provincial government has said.
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