PUBLICATION

Global Business Reports

AUTHORS

Elisa L. Iannacone, Sofia Messina, Ben Cherrington, Paola Perez Corona

British Columbia & Vancouver as a Global Mining Hub 2019

July 09, 2019

British Columbia’s miners are in the painful process of reinventing themselves and their methods in order to conform to the requirements of a new era in mining financing. While 2017 marked the first increase in exploration spending since 2012, the province currently lags behind other Canadian jurisdictions such as Ontario and Québec in terms of its ability to attract new exploration activity and investments. In this context, many companies across the value chain — from majors to mid-tiers, through to a plethora of juniors and service providers — are increasingly shifting focus to opportunities to export their expertise to foreign jurisdictions. On the domestic front, the formation of the B.C. Regional Mining Alliance aims to stimulate reconciliation and collaboration between stakeholders. And despite the challenges, Vancouver can still lay claim to being the capital of world mining, with over 800 mining companies and juniors headquartered in the city. Meanwhile, Yukon has become a hotbed of exploration activity, and will welcome three new mines that are expected to enter production over the next six years. In this report, juniors, explorers, financers, producers and regulators based in British Columbia provide their opinions on the current state of the market and on the opportunities and hindrances that it presents. 

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