The Fraser Institute has come out with its latest rankings for investment in mining and it’s good news for BC.
In 2014, British Columbia ranked 28th of 109 global jurisdictions when it comes to investment attraction. For 2015, that ranking jumped to 18th globally.
That improvement is reflected by members of the Canadian Institute for Mining, which recently held a conference in Williams Lake.
“Everybody’s positive. I mean, we had great attendance last week in Williams Lake. Our best attendance ever. Everybody’s still working. There’s been a couple of mines that shut down, waiting for the economy to turn around, But it’s global,” says Trent Bilodeau with the CIM.
While the investment attractiveness has improved, there has been only modest improvement on perceptions of public policy with uncertainty around land claims as a major factor.
“Uncertainty surrounding First Nations issues and implementation of court decisions is still a concern,” cites the Vice-president of an exploration company, one of 449 who filled out the survey. However, another had something else to say.
“By taking the proper approach of engaging First Nations, and listening to their concerns, combined with friendly dialogue with regulators, I’ve never had any problems in receiving permits.”
Others cited the creation of the Institution of the Major Mines permitting office, synchronizing the permitting process and the Northwest Transmission Line as positives.