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
Gold equities going under investors’ radar as metal continues to rise: Peter Schiff
One factor behind the undervaluation of gold mining stocks today is the inflation pressure from last year, says the gold bull.
April 03, 2025 | 02:50 pm
Kazakhstan says it has discovered 20 million ton rare earth metals deposit
If confirmed, the deposit would place Kazakhstan behind only China and Brazil by size of reserves.
April 03, 2025 | 01:40 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments