The BC Green Party has plans for the mining sector, election likely gives them balance of power

Kitco Media
By Michael McCrae
Published
Updated

The BC NDP appears set to form a minority government following Saturday's provincial election.

Incumbent Premier David Eby’s party currently holds 46 seats, while the Conservative Party has 45, and the BC Green Party holds two.

Some races remain too close to call and are subject to a recount. 

Eby’s narrow victory could shrink further, as a speaker must be appointed from the legislature, and his party may need support from the Greens to govern effectively. In a combative speech Saturday night after votes were tallied, Conservative Party leader John Rustad vowed to defeat the BC NDP and force another election.

The BC Green Party’s platform outlines several reforms for the mining sector, which include the following:

  • Creating an integrated and independent compliance and enforcement regime for the Ministry of Energy and Mines.
  • Increasing bonding rates for the industry to account for worst-case scenarios.
  • Modernizing BC’s mining and mineral staking regimes to respect Indigenous rights and reduce risks to watersheds and communities.
  • Updating the Mineral Tenure Act to reflect current environmental, social, and Indigenous rights concerns.
  • Establishing an industry-levied fund to mitigate the costs of mining pollution and disasters, including the rehabilitation of abandoned mines.
  • Engaging in a dialogue about the future of critical minerals in BC and prioritizing transition minerals in mining to ensure that benefits flow to communities and First Nations, not just shareholders.

British Columbia's mining sector has seen significant investment. After acquiring Newcrest for $16.8 billion last year, the world’s largest gold miner, Newmont, now operates two mines in northern B.C. Artemis is expecting its first gold pour this year after spending about $800 million to build its Blackwater Mine in central British Columbia, located approximately 160 kilometers southwest of Prince George.

Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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