The move could have driven away investors at a time of historically low commodity prices and energy shortages that are driving down output in the country.
The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.
The world’s most populous country has been the primary engine of economic growth for decades, but recently investor optimism around China has diminished significantly.
Mining financier and entrepreneur Ross Beaty told an audience at the Vancouver Resource Investment Conference in late January that it’s a “phenomenal” time to buy resource stocks.
The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.
