MINE SAFETY
Thank you Tim, it’s a pleasure to be here.
Ladies and gentlemen . . .
I am happy to report that the mining industry is alive and well in British Columbia, and in for the long run.
I am very happy to report that the industry is pretty much thriving here in British Columbia. Recently during Mining Week, we celebrated 150 years of mining in B.C. since we showed up but First Nations have made it very clear to me that they were mining a number of quantities for thousands of years before European contact. So I try to make sure to mention that each time I am talking about our century-and-a-half of experience in the industry.
B.C. MINING SUCCES STORY
We call it the B.C. Mining Success Story, and it’s a story that I am certain that everyone here this morning is familiar with.
In conjunction with Mining Week . . . the Mining Association of British Columbia released the 40th annual PricewaterhouseCoopers report card on the state of the industry and it tabulated the results of forty mining companies that responded.
The report found that mining in B.C. is a $6.9 billion industry . . .
that 2007 was another excellent year for the B.C. mining industry . . .
gross revenues remain very strong, even though they were reduced somewhat by coal prices which bumped along around $80 dollars a tonne average. They have been better in 2006 and volumes were slightly down as well but present day companies are signing contracts for $300 dollars a tonne and it is looking like 2008 will be a banner year.