News

MABC Recognizes 2014 Fiscal Prudence Federal Budget

February 12, 2014

BC mining industry supports progress towards a balanced budget

Vancouver, BC - The Mining Association of BC (MABC) recognizes the government's efforts and its commitment towards a balanced budget in 2015.  The federal government announced today in its 2014 Budget Speech that they would be meeting their goal of a balanced budget in 2015, including a larger than expected surplus projected for fiscal 2015-2016.  Karina Briño, President and CEO of the Mining Association of BC, maintained "The mining industry has been a long-time supporter of returning to balanced budgets to ensure Canada maintains and grows its economic competitive advantage into the future".  "We support," Briño continued, "a common sense approach to fiscal responsibility geared at job creation and economic growth".

 

MABC also acknowledges and commends the government's commitment to improving the education outcomes of aboriginal youth through a financial investment of more than 1.9 billion over three years to support the First Nations Control of First Nations Education Act.  "As one of the largest private sector employers of First Nations in BC," stated Briño, "the mining industry is committed to supporting education and skills training for Aboriginal Canadians.  Increasing access to quality education for First Nations youth is an important investment in quality of life and workforce development."

 

MABC is pleased that the federal government will be extending the Mineral Exploration Tax Credit until March 31, 2015 and encourages the government to make the tax credit permanent. The tax credit gives Canadian-based projects a competitive advantage and helps to ensure investment in mineral exploration remains in Canada. "This important tax credit," commented Briño, "encourages growth in the junior mining and exploration sector, facilitating the discovery of new mineral deposits that may one day become operating mines.  It is an important investment into the future of our industry".

 

The Mining Association of BC looks forward to working with the government on continued reforms to ensure mining projects in British Columbia, while protecting the environment, realize the full socio-economic benefits that citizens of our country have come to expect.

 

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About the MABC

MABC represents companies involved in the exploration and development, mining and smelting of minerals, metals, coal and industrial minerals in British Columbia. It is regarded as the pre-eminent voice of mining in the province.

 

For more information:

 

Cailey Murphy

Director, Communications and External Affairs

604-681-4321 ext. 103