Contrary to industry claims, red tape not slowing B.C. mineral boom, finds audit

  • 📰 PGCitizen
  • ⏱ Reading Time:
  • 68 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Audit finds delays to approve dozens of B.C. mines were largely caused by market forces — not government permitting.

For several years, politicians and the mining industry have targeted Canadian regulations standing in the way of feeding a burgeoning critical minerals market.

A new audit released Wednesday claims to blow a hole in that story. The study, published in the Royal Society of Canada journal FACETS, brought together researchers from Simon Fraser University and the University of British Columbia to examine 27 B.C. mines granted environmental assessments since 1995 with plans to open by 2022.

“These fly directly in the face of this narrative that these mines are delayed by regulation,” Dempsey said. “It's very appealing right now to look forward with dollar signs in your eyes at the cash cow of critical mineral mining,” said Collard. “Each mine is different, but we need the provincial government to streamline the mine permitting process while maintaining B.C.’s world-leading environmental protections,” he said.

Glacier Media questioned the Ministry of Natural Resources over Wilkinson’s statements on mining regulatory delays. A spokesperson said it could not meet this story’s deadline and would respond within two days. “Often the trade-off is said to be the jobs and economic benefits. And yet we’re not really seeing those come to fruition,” she said.

One outlier included the Brucejack mine in the Golden Triangle region of northwestern B.C., where sufficient tax data showed it produced only seven per cent of the corporate tax revenue the company had initially projected.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 65. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Contrary to industry claims, red tape not slowing B.C. mineral boom, finds auditAudit finds delays to approve dozens of B.C. mines were largely caused by market forces — not government permitting.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »