Monday, 14 January 2013

CTV BC Infographic Summarizes Coal Boom’s Impact on B.C.

 
A colorful infographic entitled Data Mining prepared by CTV BC gave a visual summary of the impact of the coal mining boom in the province of British Columbia. Coal revenues for 2011 reached $5.2 billion, which accounts for 59 percent of B.C. mining revenue. Gross mining revenues have gone up by 25 percent, from $7.9 billion in 2010 to $9.9 billion in 2011. The $2 billion increase is attributed to the coal prices and shipments. At the Port of Vancouver, 38 percent of coal volume moves shipments to Asian markets. The province currently holds the distinction as being home to the most number of exploration companies in the world, which have reached 1,200 in 2011.
 
The infographic also revealed that the financial benefits have trickled down to the government. The mining industry has already paid $805 million to government, up by $114 million in 2010. Employees of mining companies have also increased. In 2010, companies employed 8,195 people but last year, employment increased to 9,310 workers. The average earnings of a mining employee in 2011 also reached $115,700, representing a 7 percent increase.
 
Aside from coal, the colorful visual depiction also featured the other sources of revenue in British Columbia. During game and hunting season, it is frequented by out-of-town hunters. One of the province’s salmon-bearing rivers, the Skeena River brings in an estimated $110 million per year because of commercial and sport fishing, which are major revenue contributors to the local economies.
 
Stikine River and Nass River are the two other rivers where salmon can be found and together with the Skeena River, they form the subalpine basin known as the Sacred Headwaters. In North America, this region has one of the largest intact predator-prey systems, giving it the moniker as the "Serengeti of the North." It is the traditional territory of the Tahltan First Nation.
 
Despite the economic impact of the coal boom, Sacred Headwaters, Sacred Journey: A Photographic Documentary of the Sacred Headwaters, a group which aims to raise awareness of the Sacred Headwaters, reveals that the region is now the "centre of a dispute between the Tahltan, resource industries, government and environmental groups. Competing interests concerning land use, mining and hunting have created divides and put the future health of the Sacred Headwaters at risk."
 
According to Sacred Headwaters, proposals from Shell for a coalbed methane (CBM) gas field and Red Chris’ open-pit gold and copper mine are contentious issues. Even hunting has become a touchy subject as the decline in game has prompted the Tahltan to post road blockades to protest overhunting and unwanted resource developments. Fortunately, they have successfully worked together with the government to revamp hunting policies and issue a temporary moratorium on Shell’s CBM development. The Tahltans are not against mining per se. They welcome development so long as "environmental risks don’t outweigh the benefits."
 
 
 
 

Wednesday, 9 January 2013

B.C. Mining Claims Increase in 2012


Miner claims for 2012 have increased in British Columbia, Canada, indicating a prospecting boom in the country’s western province. Mineral claims have been filed over the last three years but more than 11,000 have been filed in the first seven months of this year alone. With $463 million spent on mineral exploration in 2011 and industry revenues reaching up to $9.8 billion last year, it comes as no surprise that prospectors dream of finding mineral deposits and of course, striking gold. 

One of them is geologist Leslie Hunt who has not let her medical problems deter her from prospecting. She, her husband, and their two dogs now live in a cabin on the shores of a lake in Northern B.C. where the idyllic setting of moose frolicking in the waters outside belie the constant buzz of computers inside looking for fortune. 

Featured on CTV BC news, Hunt lives close to a mine which had produced more than 70,000 ounces of gold before it was shut down some years ago. Because of the high price of gold, Chinese investors are said to be interested in reopening the mine. 

Although she has never made it rich before, Hunt remains hopeful. Picking up a rock with gold in it, she estimates: “This would run about a hundred ounces a ton, which is an awful lot of gold.” Not all mineral claims will become mines but those that do can become very profitable for its owners. 

Prospectors like Hunt meet in Vancouver each year where they try to sell their claims to junior mining companies who in turn sell it to senior mining companies. In this event, dubbed as a “roundup,” the focus is always on trying to get investors to part with their money. Needless to say, the provincial economy benefits from all the funds that flows in from mining.

Despite the speculative nature of their job, prospectors continue to hope to strike it rich. For Hunt, it has become a lifestyle. In fact, the virus that attacked her heart several years ago which led to a full heart transplant did not stop her from looking for gold again. Now, she is again diagnosed to need a new heart and a new kidney but that won’t stop her from going back to the mountains after she gets well. She declares: “Probably, needing a new heart and a new kidney, it’s going to be a little bit dicey as far as work is concerned. But we’ll just get through it.”

The mining sector in B.C. accounts for 28,000 jobs.

For further information please visit:

http://bc.ctvnews.ca/miner-claims-see-major-spike-in-b-c-1.967911
http://www.mining.com/record-surge-of-mining-claims-in-west-canada-30689/