Published on: June/July 2016
By Kylie Williams
It should come as no surprise that the annual PricewaterhouseCoopers Mining Industry Survey labeled 2015 “another tough year” for mining companies in British Columbia. With key commodity prices, particularly metallurgical coal and copper, on a downward trend for the fifth year in a row, gross mining revenues for the province fell to $7.7 billion in 2015, down from $8.2 billion in 2014.
Although the difficult market conditions saw seven mines in the province put on care and maintenance by the end of 2015, and one more in early 2016, there is also cause for optimism with other mining companies in B.C. raising money and advancing projects.
Read the full article in CIM Magazine (June/July 2016)