Despite its rich mineral wealth, British Columbia hasn’t fared well in an annual report on the world’s most attractive places to invest in mining.
The Fraser Institute’s Annual Global Survey of Mining Companies lists B.C. all the way at 27th place; Canadian neighbours Saskatchewan and Manitoba came in at first and second place.
Last year B.C. was 18th.
“The two policy areas that continue to significantly hamper British Columbia are uncertainty concerning disputed land claims and uncertainty over which areas will be protected,” states the report.
The report also cites “too much red tape,” and “inconsistencies in the application of regulations,” as complaints from mining executives in B.C.
But B.C.’s Energy and Mines Minister isn’t impressed with the report’s findings, dismissing them as the subjective opinions of mining executives.
“I wish the Fraser Institute would do an objective analysis of what actually happens on the ground and not just what somebody’s perception is in Australia or somewhere else in the world but they will do what they will do,” says Bill Bennett.
Bennett says the province’s track record speaks for itself, with seven new mines permitted in the last six years.
“I dare say if you look at other jurisdictions that are higher in the Fraser Institute survey you will find they don’t have anywhere near that many new mines.”
Bennett has described his role as promoting mining in the past, but tells CKNW he won’t be doing anything differently.
–With files from Jeremy Lye