News

B.C. Budget 2015 Acknowledges the Importance of the Mining Industry

February 17, 2015

The Mining Association of B.C. congratulates the B.C. Government on meeting its commitment to deliver successive balanced budgets while maintaining its focus on supporting the growth of B.C. mining industry.

The government announced today that the base budget for the Ministry of Energy and Mines (MEM) will be increased by $6.3 million.  Additionally, the government announced its intention to implement Mines Act permit fees, which are expected to raise an additional $3 million annually.  The new permit fees will be retained by MEM and MABC is committed to working with the government on how the fees will be established.

The incremental funding will support the creation of a Major Mines Permitting Office to improve the coordination of major mine permits across government, add staff to conduct more permit reviews and inspections, and maintain improved turnaround times for issuing approvals.

“MABC has been a long-time advocate for sustainable and adequate funding for the Ministry of Energy and Mines and we are very pleased to receive the news of the incremental funding to support the important work of the Mines and Mineral Resources Division”, said Karina Briño, President and CEO of the Mining Association of B.C.

“We look forward to working with the Ministry to ensure the new mine permit fees deliver efficient, effective and measurable services.  Certainty in the approval process creates confidence in B.C as a leading mining jurisdiction”, continued Briño. 

MABC is also pleased with the government’s commitment to tax measures supporting the potential for growth in the B.C. mining industry, including extending the new mine allowance for four years to December 31, 2019 and extending the B.C. mining flow-through share tax credit to the end of 2015.

For more information:

Cailey Murphy
Director, Communications and External Affairs
604-681-4321 ext. 103

AttachmentSize
MABC Press Release - Budget 2015
382.38 KB