In the third quarter, MABC continued its work with the Association of Major Power Customers (AMPC) in considering the redesign of BC Hydro’s Large General Service (LGS) rate, which would affect some MABC coal and industrial mineral operations.
WorkSafe BC has released their 2016 preliminary rates for all Classification Units (CUs) and there is some good news. Rates for all 3 of the main mining CUs are proposed to decrease significantly as per the table below:
On Thursday, May 7th hundreds coalesced outside the Vancouver Art Gallery for the annual Teck Celebrity Pie Throw. This year the Pie Throw raised an astounding $1,066,184 in support of Mining for Miracles and the BC Children’s Hospital Foundation.
The afternoon was, as always, wildly fun, lighthearted but at its core focused on the very important initiative of raising funds to support BC’s sick kids. This year 100% of the funds raised are dedicated to opening a new CAUSES clinic at the BC Children’s Hospital which will use one genetic test to help diagnose kids with rare diseases, saving time, money, travel and stress on the families by getting to a diagnoses and treatment faster.
Karina Briño was once again paired up to go against Gavin Dirom and although Karina’s final total of $18,200 raised overcame Gavin’s $14,000, a little surprise was in store!
A number of Mining Day at the Legislature delegates outside the steps to the legislative buildings.
On Tuesday, March 24, 67 senior mining executives, mining suppliers and MABC partners arrived in Victoria for Mining Day at the Legislature. I am very pleased to say that the day was received by participants and government as an unqualified success.
Last year in February, we hosted our inaugural Mining Day at the Legislature as a team. We brought 48 mining representatives and had 48 meetings with elected and senior government officials. Our objective was to leave a good impression and be invited back.
Having met our goal, this year we aimed to grow the event beyond our initial success. I am happy to report that with 67 delegates, and 60 meetings with 74 government representatives, we executed what has been described as one of the largest coordinated lobby days in the province.
The securities regulatory authorities in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (participating jurisdictions) published for comment proposed rules to form a derivatives reporting regime that is largely harmonized with regimes previously implemented in Manitoba, Ontario and Québec.
MABC is currently undergoing a strategic planning process to map out the Association’s priorities for the next five (5) years. We have engaged MNP to facilitate the process. Over the next six weeks we will be meeting with member and stakeholders, as well as issuing a survey to gather information and feedback on the Association’s strategic priorities going forward.
On May 15th PwC released its annual survey of BC mines. This is the 46th edition of this annual report which paints a picture of the BC mining landscape from the year previous.
The report indicates a softer year for BC’s mining industry with gross revenues coming in at approximately $8.5 billion. Payments to government increased to $511 million and employment jumped to 10,720 direct employees in BC’s mining industry.