Mining Association of British Columbia

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Mining Association of British Columbia
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What Is Mining In BC?
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Barkerville
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What Really Made All These Discoveries Possible?

• People and expertise

• Attitude and a responsive government

• Access

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What Does Mining Mean to BC?

• A major contributor to the BC and Canadian
  Economy in form of employment, taxes and exports
• In BC, generates over 4 billion in revenue and
  400 million in government taxes per year
• Across Canada, generates 55 of rail revenue and
  accounts for 65 total port volume

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Mining In BC

• A leading employer in BC with substantial
  potential to do more

• 10,000 jobs direct 20,000 indirect

• Pays highest wages and benefits of any industry -
  77,800 per year

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BC Expertise Around The World

• A world leading source of expertise and venture
  capital
• BC Miners working and funding projects worldwide

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An Environmentally And Socially Responsible
Industry

• Has excellent growth potential. BCs mineral
  potential is considered to be among the leaders
  in the world
• BC has over 14,000 known mineral occurrences and
  untold mineral potential

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• Actual land usage for a mine is extremely small
  relative to the area explored
• Less than 28,000 hectares currently being
  disturbed by mining, which is less than .o3 of
  BCs land base and mining lands are reclaimed

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Current Exploration Will Not Sustain The Industry

• 1999 exploration expenditures totaled 25 million
  or less than 10 of 1990 levels
• In past 10 years, 2 mines closed for every 1
  opened

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Mining The Highest Value Use To Which A Hectare
Of Land Can Be Put

• Mining - 150,000 per hectare
• Forestry - 5,700 per hectare
• Agriculture - 1,400 per hectare
• Parks - 42 per hectare

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What Does The MABC Do?

• Represents producers
• 16 operating mines in BC
• 100th Anniversary of MABC in 2001

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The Mining Association ofBritish Columbia (MABC)

• Represents the interests of mineral producers
• Established in 1901
• Public and Political attitudes figure prominently
  in the work of the association
• Liaise with government legislators, lobby for
  regulatory advancement and publicly promote the
  economic and social value of mining
• We keep the interests of members and the value of
  mining forefront in the minds of those who need
  to know

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A 5 Point Plan For Mining

• The Issues
• Land Access and Security of Mineral Tenure
• Aboriginal Land Claims
• Taxation
• Permitting Regulations
• Workers Compensation Board

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Potential Results Of New Investment Climate

• 10 Year Forecast
• 20,000 direct and indirect jobs ensuring a
  sustainable mining in BC
• 40,000 jobs, generating 4.2 billion in direct
  mine development investment and millions in
  further government revenues, greatly enhancing
  provincial economic strength and stability

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These Results Are Based on the Following

• 75 100 million of exploration expenditures to
  find one new mine
• Exploration expenditures grow 175 - 200
  million/yr. starting in year 3
• Find two mines per year starting in year 6
• Four years to begin development of new
  discoveries for a total of 10 mines
• All mines in review (EAA Co. review) proceed
• One copper refinery is built within the period
• One coal fired thermal plant is built within the
  period

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Whats The Issue ForThe Next 25 Years?

• Its not health care.
• Its How will we pay for healthcare?
• Responsible balanced use of our assets trees
  minerals, fish, food, and intellectual resources.
  
• Mining will always have its place in modern
  society. Modern society will not function
  without mining.