Photo courtesy of New Gold
BC has world-class mineral deposits and world-class mining expertise

Competitiveness

Mining, by its nature, drives regional economic development and the growth of international trade and investment.  According to PwC’s annual mining survey report: Building for the Future The Mining Industry in BC 2016, released in May 2016, shows the industry “is cautiously optimistic as prices of some of the major metal and resource ommodities either rose or stabilized in 2016 and this has continued so far in 2017.”

Gross mining revenues for the BC mining industry in 2016 were reported as $8.7 billion. This $1.0 billion increase from the previous year, 2015, was due primarily to higher revenues at several operations. In 2016, the BC mining industry made total payments to the government of $650 million, an increase of $174 million from payments made in 2015.

The average number of individuals employed by the BC mining industry in 2016 was 9,329, a slight increase over 9,221 in 2015.

The BC mining industry contributes to the economy of the province both directly and indirectly. Mining creates jobs, pays salaries and generates tax revenues. More indirectly, mining companies purchase goods from suppliers who in turn purchase goods from other companies. Workers in the industry spend wages at local businesses that subsequently, spend those dollars on suppliers and other materials. Governments, federal, provincial and local, collect taxes on these activities. The payments the mining industry makes to government translate directly into spending on core government operations and support a stable provincial economy.

Mining, by its nature, drives international trade and investment, just as it drives regional economic development on a local scale. As Canada’s largest producer of copper, its only producer of molybdenum and its largest exporter of coal, British Columbia is Canada’s Gateway to the Pacific, closely aligned with Asian markets who are powering the global economy. BC is well placed to respond to the increasing worldwide demand for high-quality steel-making coal, copper and industrial minerals a great deal of which is exported to China and India.

The world needs BC mines as much as BC needs the contributions they make to the provincial economy.

September 11, 2017

The Mining Association of BC (MABC) commends government’s commitment to reduce the PST on...

July 18, 2017

The Association for Mineral Exploration (AME), the Mining Association of BC (MABC) and the...

June 12, 2017

The Mining Association of British Columbia (“MABC” or the “Association”) is pleased to announce...

April 27, 2017

The Mining Association of British Columbia (“MABC” or the “Association”) announces that Bryan...