BC premier reveals relief plan for struggling miners
VANCOUVER (miningweekly.com) – In the wake of crushing declines in commodity prices, the British Columbia government on Monday announced planned support for struggling mining companies to at least keep their doors open.
Speaking at the opening ceremony of the Association for Mineral Exploration British Columbia's Exploration Roundup Conference, being held at the Vancouver Convention Centre, Premier Christy Clark revealed that government was working on a plan to enable struggling mining companies to defer some of their “very considerable” electricity costs until mineral prices had rebounded.
She advised that details of the programme had not yet been finalised, but stressed that it would only be the last resort, noting that it would not be a subsidy that could place taxpayers at risk.
“We’ve got your back,” Clark assured the crowd of mining professionals and executives gathered for the event.
Importantly, Clark also revealed another extension of the provincial government’s refundable 20% mining exploration tax credit on qualified exploration expenses, and up to 30% in regions affected by the mountain pine beetle infestation, as well as a 20% nonrefundable flow-through tax credit on investment in exploration by shareholders.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation