Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Boss Power Corp. has agreed to surrender to the Province of British Columbia all claims to its uranium exploration and mining rights at the Blizzard Uranium Deposit in the Kamloops-Kelowna region.
The legal agreement supports the Province’s goal of ensuring mining exploration is safe, sustainable and economically benefits British Columbians.
In 2008, the Province announced that it would not support uranium exploration and development, and prohibited related permits being issued to any company in 2009. At that time, Boss Power Corp. held a pre-existing claim to uranium deposits in that area.
The negotiated settlement gives the Crown the mineral rights to the Blizzard uranium deposit. The Province will pay Boss Power Corp. $30 million, plus legal costs, to compensate for the economic value of the uranium deposit.
The 2003 and the 2007 B.C. Energy Plans do not permit the production of nuclear power in the province.
Comments
Hrrlive
Well once again the Liberal parrasites are using the Tax payer’s money to fund their own agenda, to control and use the natural resources of BC for the Elite. Do any of you even remember The BC Water War Crimes, yes it is still on going and it is now finally a federal case before the supreme court of Canada. This was another Liberal agenda and your famous GORDON CAMBELL at the helm along with the rest of his liberal parrasites, including The well known “Bilderberg Group” so stay tuned for more from the Liberal agenda.