B.C. mulls rescue as miners struggle
Bill Bennett.
Energy and Mines Minister Bill Bennett rang in 2016 with thoughts of a potential rescue package for B.C.’s beleaguered mining industry on his mind to ward off potential mine shutdowns.
Options for assistance to mining companies struggling with low commodity prices could include deferrals on payment of power bills and delayed payments on mineral taxes, Bennett said in an interview. There are real potential consequences if the province can’t offer any help.
“There’s urgency to this,” Bennett said. “If we don’t find something to do that will help in early January, then by mid-January I think you’re going to see some mining companies go down.
More News
BHP considered separation of iron ore, coal: Reuters
BHP is currently the third-largest producer of iron ore and a major producer of met coal.
April 02, 2025 | 11:57 am
Korea Zinc agrees 52% cut in fees to turn Teck’s ores into metal
The annual deals for concentrates produced at Teck’s Red Dog mine in Alaska are often used as the benchmark for other deals in the zinc industry.
April 02, 2025 | 10:45 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments