Northern British Columbia is being described as a powerhouse of the province’s mining industry, according to a new economic impact study released by the Mining Association of British Columbia.
The study examines 24 proposed mining projects in Northern B.C. that are in advanced stages of development. Together, those projects represent an estimated $69 billion in economic activity and could play a significant role in job creation and long-term economic stability.
According to the report, construction of the projects could generate more than $40 billion in investment, over $21 billion in wages, and more than $11 billion in government revenue. Over several decades of operation, the mines could contribute an estimated $661 billion to the economy.
The projects are located across the Northwest, North Central, and Northeast regions of the province and include developments such as the Blackwater expansion, the Kemess Mine, and the Tenas project.
Mining Association of B.C. President and CEO Michael Goehring says Northern B.C. stands to benefit significantly, but timely permitting decisions will be critical to moving projects forward and allowing construction to begin.
The study also points to recent provincial and federal investments in infrastructure, transmission lines, and transportation as key supports for mining development in the North.
The full Northern B.C. Mining Economic Impact Study is available through the Mining Association of British Columbia.
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