Help is coming for B.C.’s beleaguered mining companies, hard hit by low metal prices.
Premier Christy Clark announced Monday at a mining conference in Vancouver that work is underway to allow firms to defer power costs until commodity prices bounce back.
She also says the mining tax credit will be extended.
“One of the things we know now, though, is that with the world economy in as difficult situation as it is, we can’t afford to take our eyes off the ball.”
At the same time, Clark says B.C. is still leading in economic growth and is confident that demand for copper will grow.
However, a Teck mining executive told the conference it is difficult to see a change on the horizon.
Premier also frustrated with certain LNG opposition
Clark also expressed frustration with the support to stop an LNG project near Prince Rupert.
She says there are some people who will say “no” just for the sake of saying “no.”
“It’s not really about the science, it’s not really about the fish, it’s just about trying to say no, it’s about fear of change, it’s about fear of future.”
First Nations, MLAs and the areas MP have signed a declaration for permanent protection of Lelu Island from the Petronas LNG facility.