AME BC Responds to Fraser Institute Annual Survey of Mining Companies
BC remains in top-third of survey; tops Canadian jurisdictions in mineral potential
Vancouver, BC — March 3, 2014 — Improved perceptions of British Columbia as a destination for mineral exploration and development investment are evident in the 2013 Fraser Institute Annual Survey of Mining Companies, according to the Association for Mineral Exploration British Columbia (AME BC). The province’s mineral potential and improvements in political stability and labour and skills availability are highlighted in this year’s survey. BC holds steady in the top-third of the survey, ranking 32nd out of 112 jurisdictions worldwide compared to 31st out of 96 jurisdictions in the previous survey.
“BC is only one of three jurisdictions in Canada, along with Alberta and Nunavut that have seen perceptions of government policy improve in the survey continuously over the past five years,” noted Gavin C. Dirom, President & CEO of AME BC. BC’s score in the Fraser Institute’s Policy Perception Index has steadily increased to 0.69 (out of a maximum of 1) from 0.49 since 2009/2010. “Significantly, BC also tops Canadian jurisdictions in mineral potential according to the survey, up from sixth in 2009/2010. Although the Fraser Institute survey results do not form a comprehensive barometer of industry trends, BC has improved relative to other jurisdictions.” The improvement noted in the survey, however, is more dramatically seen through BC’s proportion of mineral exploration expenditures. According to Natural Resources Canada, the province attracted 21 percent of mineral exploration and deposit appraisal expenditures across Canada in 2013, up from 11 percent in 2009. In 2013, BC had the second highest mineral exploration expenditures on record, at $476 million.
“While there is certain room for improvement, BC remains an amicable and stable place to conduct exploration and develop mines,” said David McLelland, Chair of AME BC. “BC’s dynamic mineral exploration and development sector is chronically undervalued in the survey, but we certainly see indications that current exploration expenditure trends and stable government policy are increasingly reflected in participants’ perceptions. We are hopeful that at the end of the day, an improved industry outlook on BC’s policy as well as mineral potential will result in investment in BC exploration projects when commodity prices and market conditions improve.”
About AME BC:
AME BC is the lead association for the mineral exploration and development industry based in British Columbia. Established in 1912, AME BC represents, advocates, protects and promotes the interests of thousands of members who are engaged in mineral exploration and development in BC and throughout the world. AME BC encourages a safe, economically strong and environmentally responsible industry by providing clear initiatives, policies, events and tools to support its membership.
For further information, please contact Jonathan Buchanan, Director, Communications & Public Affairs, AME BC, at 604.630.3923 or firstname.lastname@example.org.