Government Resource Revenue Sharing
British Columbia is the first province in Canada to share direct revenue generated from mining and the process for development of revenue sharing is to be decided on a project-by-project basis. Revenue sharing on new mining projects places a strong focus on community development to assist First Nations in achieving their social and economic goals.
The revenue-sharing approach is to be used where there is a proposed project that will result in a new stream of direct resource revenue to the Province. This process ensures that First Nations receive revenue throughout the life of those mining projects.