PUBLICATION

Global Business Reports

AUTHORS

Elisa L. Iannacone, Sofia Messina, Ben Cherrington

British Columbia Mining 2019 Pre-Release Edition

January 15, 2019

With a 20% increase in exploration spending in B.C. when compared to 2012, reaching a total of C$246 million, the potential for new discoveries has brought optimism back to the province. Although raising capital is still a strong challenge faced in the industry given cannabis and crypto-currency distractors, Vancouver continues to serve as a global mining hub, hosting over 800 juniors and industry players who work around the globe. The B.C. Regional Mining Alliance (BCRMA) was recently formed in order to increase transparency in permitting and development. There is also a strong push for reconciliation with indigenous groups, making B.C. a global leader in working with local communities. A strong interest in Latin America is palpable, with numerous Canadian companies navigating political systems with very different sets of rules and regulations, while exporting cutting-edge technology and best practices across the continent and globe. From ore sorting to machine learning, companies continue to hunt for the most efficient solutions to increase productivity and optimise processes. 

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RECENT PUBLICATIONS

MACIG 2025 - Mining in Africa Country Investment Guide

It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.

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MACIG

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