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NATURAL GAS MINING & BRITISH COLUMBIA, CANADA PROSPECTS IN

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Page 1: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

NATURAL GASMINING &

BRITISH COLUMBIA, CANADA

PROSPECTS IN

Page 2: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

DISCOVER NEW PROSPECTS IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIESEconomic and population growth in Asian markets are driving demand for reliable and accessible sources of mineral, metallurgical coal and energy resources. Already known as a global centre for mining activity, British Columbia’s strategic Pacific Rim location and abundant mineral, coal and gas resources provide rich investment potential. Add to these natural advantages our geoscientific expertise, sophisticated geological data systems and our supportive business environment, and it is no wonder industry leaders from around the world are investing in British Columbia’s extractive industries.

STOCk EXCHANgE SHARE Of gLOBAL MININg EqUITy CAPITAL RAISED IN 2011

MININg COMPANIES HEADqUARTERED IN BRITISH COLUMBIA

TSX90%

30%

TSX Venture Exchange 63%

Sources: Business In Vancouver Mining Report, May 2011 and Facts & Figures 2012 - The Mining Assoc of Canada

fIVE TOP REASONS TO EXPLORE BRITISH COLUMBIA’S RICH OPPORTUNITIES

VAST RESouRCES British Columbia’s mountains and river valleys hold commodities the world needs, from coal and natural gas to copper and gold.

EASy MARkET ACCESS Efficient supply chains and superior transportation linkages and the shortest sea route between North America and Asia make British Columbia a supplier of choice for mineral, coal and energy resources.

ToP TAlENT The riches of British Columbia aren’t found in the ground alone: a wealth of internationally recognized expertise in exploration and development is augmented by universities and research centres that keep knowledge and information flowing.

PRoFITABlE ENVIRoNMENT Extractive industries benefit from low corporate tax rates, generous incentives and tax or royalty credits and low-cost power – doing business in British Columbia is good for your bottom line.

RoBuST INduSTRy SuPPoRTS leverage British Columbia’s innovative online tools, industry and service sector expertise and streamlined regulatory environment to access our rich natural resources.

Page 3: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

JOIN gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES

“British Columbia is the place to invest in and build a mineral exploration or mining company. We now have over 1,200 based here in British Columbia and they’re here because of the access to the financial markets, they’re here because of the access to the human resources, and they’re here because of the innovation and technology that’s been developed in British Columbia that is incomparable around the world.” - Gavin C. Dirom, CEO,

Association for Mineral Exploration British Columbia

» ANglo AMERICAN

» ANThIll RESouRCES

» BP

» ChINA gAS holdINgS

» ChINA INVESTMENT CoRPoRATIoN

» CoNoCoPhIllIPS

» dAEwoN ChEMICAl

» dowA METAlS & MININg

» ERNESTo EChAVARRIA

» FIRST QuANTuM MINERAlS

» FuRukAwA Co.

» goldCoRP INC

» hoNg koNg huAkAN INVESTMENT Co.

» IMPERIAl oIl RESouRCES lTd.

» IToChu CoRP

» ThE JAPAN BANk FoR INTERNATIoNAl CooPERATIoN

» JIlIN JIEN NICkEl INduSTRy

» JINduIChENg MolyBdENuM gRouP

» kAIluAN ClEAN CoAl CoRPoRATIoN lIMITEd

» koREA ZINC CoMPANy

» lg INTERNATIoNAl

» MITSuBIShI MATERIAlS CoRPoRATIoN

» NoRThwEST NoNFERRouS INTERNATIoNAl INVESTMENT CoMPANy

» PENN wEST PETRolEuM

» ShANdoNg ENERgy FEIChENg MININg gRouP

» ShEll

» SoJITZ CoRPoRATIoN

» TASEko MINES

» TECk RESouRCES

» ThE Tokyo ElECTRIC PowER CoMPANy

» ToNglINg NoNFERRouS METAlS gRouP holdINgS Co.

» ToShIBA

» VITol ANkER INTERNATIoNAl

Companies from Asia, Europe and North America are discovering British Columbia’s rich mining and energy opportunities every day. Now is the time to stake your claim.

Phot

o: A

MEB

C

Page 4: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

DIg INTO OUR RICH RESOURCESTogether, the value of mineral and coal production and oil and gas activity in British Columbia is worth more than $15 billion annually, making it a prime location for resource exploration and development. with eight new mines and nine mine expansions anticipated by 2015 and more than 600 new oil and gas wells being drilled each year, British Columbia is ready to meet growing global industrial demand.

EXPLORE BRITISH COLUMBIA’S DEEP POTENTIAL fOR fUEL PRODUCTIONNatural gas and oil industry investment in British Columbia totalled over $6.7 billion in 2011, up from $5.2 billion in 2009. global demand for natural gas is expected to continue growing, as replacing coal with gas for electricity generation is more cost effective. British Columbia’s natural gas, the world’s cleanest burning fossil fuel, can help with the transition to a low carbon global economy.

British Columbia has the abundant natural gas reserves to meet market demand, with continued forecasted growth in exploration and production. Two of North America’s most promising natural gas plays – the Montney and horn River – are located in British Columbia. Together, they’re estimated to contain up to 898 trillion cubic feet. The volume of global lNg trade doubled in the decade from 2000 to 2010 and is expected to increase another 50 per cent by 2020. Industry leaders including Apache, Encana and ConocoPhillips are investing in developing these plays.

British Columbia’s first proposed lNg terminal in kitimat is licensed to export up to 10 million tonnes per year of lNg. Additional lNg terminals have also been proposed for kitimat and Prince Rupert.

RESOURCE PRODUCTIONTIgHT gAS Significantly increased in recent years

Resource potential of 300 trillion cubic feet in Northeastern British Columbia

SHALE gASRecently recognized resource

Potential of over 1,200 trillion cubic feet

OILCanada’s fourth largest crude oil producer

oil production in British Columbia was 8 million barrels in 2010

Take advantage of our supportive investment climate and advanced information systems to explore, produce and develop these diverse and valuable resources.

“British Columbia’s strategic direction as the gateway market to Asia Pacific is an important step for fostering a strong natural gas economy and supporting related business.” - David Demers, CEO,

Westport Innovations

Photo: AM

EBC

Page 5: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

DISCOVER SHININg OPPORTUNITIES IN MININgBritish Columbia’s reputation is as good as the gold it produces when it comes to mine investment. with 150 years of mining history to its credit, British Columbia produced over $8 billion worth of mine products in 2011 – from the gold that first attracted pioneering prospectors to more recently in-demand commodities such as metallurgical coal.

Copper and metallurgical coal are British Columbia’s top exports, and Canada’s only molybdenum mines are also located here.

oPERATINg MINES ANd SElECTEd MAJoR EXPloRATIoN PRoJECTS IN BRITISh ColuMBIA, 2012

RESOURCE BASE

ANNUAL PRODUCTION(estimated for 2011)

COAL we are Canada’s largest exporter of coal and the third largest globally by volume.

$5.8 billion

gOLD AND SILVERwe attract some of the world’s top gold companies.

$210 million

COPPERour second most important mineral commodity.

$1.48 billion

MOLyBDENUMwe are one of the top 10 producers of this resource.

$281 million

NICkELEmerging opportunity with rising commodity prices.

discovery stage

ZINChigh potential for this large untapped resource.

$70 million

Page 6: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

ACCESS gLOBAL MARkETS fROM BRITISH COLUMBIABritish Columbia is strategically located at the commercial crossroads of the Asia-Pacific region and North America.

Foreign companies with operations in British Columbia enjoy duty-free access to markets across Canada, the united States and Mexico thanks to Canada’s participation in the North American Free Trade Agreement (NAFTA). International business travelers value the convenience of Vancouver International Airport, Canada’s largest global gateway to Asia.

TAkE ADVANTAgE Of THE SHORTEST SEA ROUTE TO ASIABritish Columbia is ideally placed to supply Asia’s growing economies with the metals, coal and energy they demand. The ports of Vancouver, kitimat, Stewart and Prince Rupert are Asia’s closest ports of entry on the west coast of North America.

Port Metro Vancouver is North America’s most diversified port, trading $75 billion in goods annually. Recent upgrades include the expansion of the west coast’s largest coal terminal. At Prince Rupert’s Ridley Terminals, a world leader in the movement of coal and other bulk commodities from rail to ship, expansion plans are currently underway to increase annual shipping capacity from 12 to 24 million tonnes.

VESSEl TRANSIT TIMES, IN dAyS, FRoM MAJoR NoRTh AMERICAN PoRTS To MAJoR ASIAN CITIES

HONg kONg SHANgHAI yOkOHAMA PUSAN CHENNAI

PRINCE RUPERT 11.1 9.9 7.92 9.5 17.1

VANCOUVER 12.0 10.6 8.92 9.7 18.0

OAkLAND 12.6 11.3 9.46 10.4 18.6

LOS ANgELES 13.2 11.9 10.08 11.0 19.3 * Estimated based on vessel speed of 20 knots

YokohamaShanghai

BRITISH COLUMBIA

Vancouver

OaklandLos Angeles

Prince Rupert

Pusan

Hong Kong

Chennai

kitimat, an established deep water port at the head of douglas Channel, is ideally positioned for growth in lNg shipments to Asia.

Page 7: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

EXPERIENCE OUR ROBUST OVERLAND INfRASTRUCTUREBritish Columbia is the only gateway on the west coast of the Americas served by three transcontinental Class 1 railways, which connect ports on the Atlantic, Pacific and gulf coasts with double-stack capability for key markets throughout Canada, the united States and into Mexico.

British Columbia’s extensive road network includes a major all-weather highway network to transport goods and services reliably to North American markets. we provide royalty credits to oil and gas companies for the development of resource access roads and pipelines and associated facilities.

More than 25,000 kilometres of natural gas and petroleum gathering and transmission pipelines link British Columbia to North American markets.

Reach key and growing global markets from British Columbia, located on Canada’s west coast.

Page 8: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

TAP INTO BRITISH COLUMBIA’S TOP TALENT British Columbia is internationally recognized as a centre of expertise in mining and related fields, such as metallurgy, environmental engineering, mine safety and the geosciences. our educated and skilled labour force of more than 2.4 million people includes nearly 24,700 employees in mining, exploration, oil and gas industries.

Twenty-seven percent of our work force has a university degree, and 71 per cent has at least some post-secondary education. our geologists, engineers, prospectors, metallurgists, assayers, lawyers, accountants and financiers are among the best-educated in Canada. Several programs include skills training for the natural resources and construction sectors.

CENTRE PROgRAM/INITIATIVEUNIVERSITy Of BRITISH COLUMBIA (UBC)

uBC Mining department is now one of the largest in North America.

BRITISH COLUMBIA INSTITUTE Of TECHNOLOgy (BCIT)

Courses in mining and mineral exploration, including nationally accredited two year mining technology diploma.

kWANTLEN POLyTECHNIC UNIVERSITy

leading-edge trades and technology programs, including mining training.

NORTHWEST COMMUNITy COLLEgE

School of Exploration and Mining offers training in exploration and mining such as the Exploration Field Assistant program and the Reclamation and Prospecting program.

THE COLLEgE Of NEW CALEDONIA

offers a Mining Industry Certificate that includes fundamental training and significant hands-on experience.

NORTHERN LIgHTS COLLEgE

offers programs including the oil and gas Field operations Certificate land Reclamation diploma, Power Engineering and gas Processing Certificate.

UNIVERSITy Of NORTHERN BRITISH COLUMBIA (UNBC)

uNBC is offering certificate program “Introduction to geographical Information Systems” to respond to natural resource sector demand, particularly in oil and gas.

British Columbia’s centres of excellence spearhead research that feeds a network of regional geologists ready to point the way to a richer future. For instance, Fort St. John’s oil and gas Centre of Excellence supports exploration development and commercialization opportunities.

Page 9: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

ACCESS WORLD-CLASS SERVICESA world-class service industry is in place for the oil, gas and mining companies that already make British Columbia their home. In Vancouver alone there are more than 400 service suppliers to the mining industry. British Columbia’s service company expertise is accessed by exploration, development and production companies worldwide.

Made in British Columbia expertise:

» Consulting companies specializing in extractive activities, such as development, stability, support, community impact assessments, and performance management

» Equipment and machinery support services

» Financial and legal firms providing local and international expertise in all aspects relating to extractive industry processes, with specialities in Asian law and transactions

» geological/geotechnical services

» Current technology with specialization in sustainable practices

» Software services and systems

» occupational health and safety standards and technologies

» Engineering firms and services

gain a distinct edge with our diverse, multilingual workforce trained at some of the best universities in the world.

BRITISH COLUMBIA EMPLOyMENT By

DETAILED INDUSTRy, ANNUAL AVERAgE

INDUSTRy 2012TOTAL INDUSTRIES 2,312,500

gOODS-PRODUCINg SECTOR

459,100

MININg AND OIL AND gAS EXTRACTION

26,200

OIL & gAS EXTRACTION

3,500

MININg (EXCEPT OIL AND gAS) & MIX MININg

14,100

SUPPORT ACTIVITIES fOR MININg & OIL & gAS EXTRACTION

8,600

Source: BC Stats, British Columbia Employment by detailed Industry, Annual Averages.

Page 10: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

gAIN A COMPETITIVE EDgE WITH BRITISH COLUMBIA’S BUSINESS ADVANTAgESopportunities abound in British Columbia, with hundreds of projects identified for mine expansion, new mines and natural gas exploration and production. British Columbia benefits from Canada’s sound financial system and enjoys a AAA credit rating and stable economy that makes it a favoured port of call for investors.

Businesses can count on a British Columbia government that is:

» Focused on creating the best business climate in North America.

» Actively encouraging investment, with few restrictions on foreign investors.

» Earning top marks for its leadership on cutting red tape and streamlining regulations.

» Maintaining strong, responsible fiscal policy and government has tabled a balanced budget for fiscal year 2013/2014.

» determined to maintain tax competitiveness, demonstrated by significant tax reductions and targeted tax credit incentives implemented since 2001.

BENEfIT fROM LOW TAXESBritish Columbia’s tax burdens are among the lowest in North America. Investors and companies that set up operations in British Columbia reap the benefits of:

» No capital tax, no provincial payroll taxes, no property tax on most production equipment, and reduced taxes on fuel for their vehicles and equipment.

» A combined general corporate income tax rate of 26 per cent that is among the lowest in the g7.

» The lowest personal provincial income tax in Canada for individuals earning up to $122,000.

» generous tax credits for research and development, training and international transactions.

The harmonized sales tax currently in place will revert to provincial sales tax in 2013.

With our competitive royalty regime, comparative to other jurisdictions in Canada and the U.S, we are top ranked in the world for raising mineral exploration capital.

CORPORATE INCOME TAX RATES - 2013*

British Columbia 26.0%Alberta 25.0% ontario 26.5% Quebec 26.9% washington 35.0% oregon 39.94% California 40.75%

* British Columbia corporate income tax rate effective April 1, 2013.

Page 11: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

TAkE ADVANTAgE Of INCENTIVESBritish Columbia provides many incentives to encourage business investment and innovation. Royalty credits, tax credits or refunds are available for research and development, machinery and equipment investment and other sector-specific activities.

INfRASTRUCTURE ROyALTy CREDIT PROgRAM

Petroleum and natural gas companies receive credits for up to half the cost of constructing roads, pipelines and associated facilities to remote or underdeveloped areas in B.C. The credits offset royalties the companies would owe.

DEEP WELL, DEEP RE-ENTRy WELL, AND DEEP DISCOVERy WELL ROyALTy CREDIT PROgRAM

Available to natural gas companies to receive credits to reflect the increased costs associated with drilling in deep resource plays, which encourages greater exploratory drilling activity and maximizes the development of known resources. The credits offset royalties the companies would owe from production from deep wells.

B.C. MININg EXPLORATION TAX CREDIT (BC METC)

This program provides a refundable tax credit equal to 20 per cent of eligible B.C. grassroots mineral exploration expenditures. In areas affected by the mountain pine beetle, an additional 10 per cent credit to a maximum of 30 per cent is available.

B.C. MININg fLOW-THROUgH SHARE TAX CREDIT (BC MfTS)

An individual with flow-through-shares receives a non-refundable tax credit equal to 20 per cent of a company’s eligible B.C. grassroots exploration expenditures. The BC MFTS fully harmonizes with the federal Mineral Exploration Tax Credit (METC) and is in place through december 31, 2013.

NEW MINE ALLOWANCE This allowance grants developers of new mines one-third of the capital expenditures for new mine developments and significant expansions brought into production before January 1, 2016. It means 133.3 per cent of a mine’s qualifying capital expenditures can be added to its Cumulative Expenditure Account.

B.C. TRAININg TAX CREDIT

Provides refundable tax credits for employees and employers engaged in apprenticeship programs administered through the Industry Training Authority.

INTERNATIONAL BUSINESS ACTIVITy ACT

Canadian companies with permanent establishments in B.C. may claim a refund of corporate income tax paid on income derived from international financial transactions. This provides an incentive for mining companies to locate some administrative functions for their global operations in B.C.

CAPITAL COST ADVANTAgES

Companies may put individual capital assets in separate classes for income tax depreciation purposes instead of pooling them into broad classes established for claiming Capital Cost Allowances. Eligible assets include production machinery and equipment, computer equipment, and telecom equipment.

PROPERTy TAX EXEMPTIONS

Tangible personal property, such as production machinery, business equipment, furniture, and inventories, is exempt from property taxes in B.C.

PROPERTy TAX CREDITS Mine operators and other industrial businesses can claim industrial property tax credits for school property taxes. The credit is 60 per cent of school property taxes payable for 2011 and subsequent years.

Effective profit-based royalty programs for metal and coal mines, structured to ensure producers are able to earn fair return on their investment, are a 13 per cent tax on net revenue and a 2 per cent tax on net current proceeds (deductible in full against the 13 per cent).

our oil and gas royalty programs are consistent with North America royalty regimes and facilitate development of resources that would not otherwise be economically viable. our programs include royalty credits and rate reductions that reflect extraction costs.

Page 12: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

RELy ON ROBUST INDUSTRy SUPPORTSgET yOUR PROJECTS UNDERWAy WITH STREAMLINED PROCESSESCompanies interested in investing in British Columbia’s rich mineral, coal and natural gas resources benefit from well-defined, transparent processes for the review of proposed major projects. British Columbia works closely with exploration, development and production partners to develop mining and natural gas resources in environmentally sustainable and socially responsible ways and is committed to efficient and timely reviews of projects.

The government of British Columbia works with project proponents throughout the approval process to help develop the tools to work with First Nations to ensure resource-management decisions respect their rights, interests, knowledge and values.

Companies explore, develop and produce natural gas and petroleum through tenure agreements with the government, which owns almost all natural gas and petroleum rights. This tenure structure reduces the upfront capital required to access British Columbia’s rich resources, as there is no need to purchase land. Currently, over 14,500 petroleum and natural gas agreements cover more than 23.5 million acres. The land sale process for purchasing petroleum and natural gas rights in British Columbia is described below.

THE PETROLEUM AND NATURAL gAS TENURE DISPOSITION PROCESSSTAgE 1 Sale Posting: Industry requests parcels of natural gas and petroleum

rights be made available for sale.

STAgE 2 Referral Phase: The ministry issues referral packages to First Nations, local government and government agencies seeking input and comment within 20 working days on the proposed parcels to be made available for sale.

STAgE 3 Notice of Sale or Advertisement of proposed natural gas and petroleum parcels for auction is published six weeks in advance of auction for interested parties to review prior to submitting bids.

STAgE 4 Auction, Sale and Acceptance of Bid: Proponent secures natural gas and petroleum tenure and has the right to make an application to the ogC for surface activities to explore and develop the resource.

When you stake your claim to British Columbia’s natural gas, coal and mineral resources, you’ll find the support you need to make the most of your investment.

gET ESSENTIAL DATA ANyTIME, ANyWHEREBritish Columbia’s award-winning digital data access systems for extractive industries are readily available online, wherever you are in the world.

BRITISH COLUMBIA gEOLOgICAL SURVEy

over 110 years worth of geoscience maps, reports and databases continually updated with the latest information.

www.empr.gov.bc.ca/Mining/Geoscience

MINERAL TITLES ONLINE

obtain secure tenure for existing and new mineral titles by selecting your area on a seamless digital geographic information systems (gIS) map.

www.empr.gov.bc.ca/Titles/MineralTitles/mto

MAPPLACE Access rich geoscientific data and tenure information on British Columbia’s geology, mineral exploration, mining and energy resources through an interactive map.

www.MapPlace.ca

Page 13: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

MINE APPROVAL PROCESSThis process applies only to the requirements under the Mines Act and health, Safety and Reclamation Code for Mines in British Columbia (Code). other legislation, statutes, bylaws, etc. may be applicable to the operation and the company may be required to obtain approvals, permits or otherwise comply with them.

EXPLORATION

CLOSURE AND FINALRECLAMATION

DEVELOPMENT

PRODUCTION

NO

NO

may

mo

dify

an

d re

sub

mit

YES

YES

NO

YES

ON

GO

ING

REC

LAM

ATI

ON

may

mod

ify a

nd re

subm

it

TENURING

Company submits Notice of Work (NOW)*application to Ministry of Forests, Lands and Natural

Resource Operations (MFLNRO) regional o�ce*Some low impact exploration activities may proceed without NOW

Chief Inspector’s Decision on Mineral

Exploration Application

• Resource Tenure (Mineral/Placer Claim) acquired online through Mineral Titles Online (MTO)

• Coal Licence Application through Ministry of Energy and Mines (MEM), referred to First Nations

• NOW referred to affected government agencies and other affected stakeholders• First Nations consultation• Complex projects may include local government and public meetings• Reclamation plan reviewed to establish security (bond)

• Bond submitted, work carried out• Assessment Report work �led with MEM

All proposed mines require approvalunder the Mines Act

Company supplies project description and Mines Act application to the Chief Inspector’s O�ce

Chief Inspector’s O�ce noti�ces MFLNRO whether or not a Regional Mine Development

Review Committee (RMDRC) needs to be structured

First Nationsconsultation

and public review

RMDRC reviews application and

makes recommendations

to the Chief Inspector

Decision on Mine Permit

Application

Mine goes into operation

BC Environmental Assessment O�ce

[Canadian Environmental Assessment Act

process may also be triggered]

If approved, Environmental

Assessment Certi�cate issued

November 2011

Processes include participationof/consultations with affectedprovincial ministries, federalagencies, local governments, First Nations, and the public.

Process includes ongoingsafety, operational, andenvironmental inspections

Mine provides closure plan every 5 years, reviewed by RMDRC.

Process includes ensuring safety, environmental conditions and land useobjectives are met, and if necessary that post-closure monitoring and remediationare undertaken.

Mine closure andreclamation work

Company/proponent determines feasibility

Project exceedsenvironmental

threshold

British Columbia has a long history of providing secure natural resource tenure to individuals and companies, and its title registry is the envy of many other jurisdictions. The mine approval process is the same for everyone whether the proponent is local, national or international.

Page 14: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

LOWER yOUR COSTS WITH OUR CLEAN, RELIABLE ELECTRICITywell over 90 per cent of the electric power in British Columbia originates from hydroelectric generation, providing a steady stream of clean, environmentally sustainable power at rates that are among the lowest in North America. A robust transmission and distribution system delivers uninterrupted power to all regions, ensuring extraction costs remain low. The BC hydro system has an Average System Availability index of 99.951 per cent.

work has begun on the Northwest Transmission line, which will extend British Columbia’s high voltage transmission grid to the northwest region, providing clean electricity to support industry developments in the area. leading mining companies have invested in more than eight major projects in the region, including exploration work on the Schaft Creek deposit, one of the largest undeveloped copper, gold, molybdenum and silver deposits in North America.

BRITISh ColuMBIA’S ElECTRICAl gRId

INDUSTRIAL ELECTRICITy COSTS

(large user**)

VANCOUVER, BRITISH COLUMBIA

5.58

CALgARy, ALBERTA 8.69

TORONTO, ONTARIO 11.82

MONTREAL, qUEBEC 5.18

BOSTON, MASSACHUSETTS

10.45

PORTLAND, OREgON 6.02

SAN fRANCISCO, CALIfORNIA

9.53

SEATTLE, WASHINgTON

5.60

NEW yORk, NEW yORk

12.88

**50,000 kw demand (85% load factor) Source: hydro Quebec, 2012

G.M. SHRUM

PEACECANYON

FORT NELSON

BURRARD

SEVEN MILE

KOOTENAY CANAL

REVELSTOKE

MICA

DUNSMUIR MERIDIANINGLEDOW

CHEEKYE

CREEKSIDE

NICOLA

CHAPMANS

McLEESE

ASHTON CREEK

SELKIRK

CRANBROOKAMERICAN CREEK

WILLISTON

KENNEDY

GLENANNANTELKWA

SKEENA

KELLY LAKE

KAMLOOPS

VICTORIA

PRINCE GEORGE

VANCOUVERVASEUX

GUICHON

NELWAY

CLAYBURN TO FORTISBC

500 KV CIRCUITS

230 KV CIRCUITS

HYDROELECTRIC GENERATION

THERMAL GENERATION

INTERCONNECTIONS

500 KV SUBSTATION

230 KV SUBSTATION

SERIES CAPACITOR STATIONS

Page 15: MINING & - Trade and Invest BC - BC公式貿易投資サイ … gLOBAL LEADERS AND INVEST IN BRITISH COLUMBIA’S EXTRACTIVE INDUSTRIES “British Columbia is the place to invest in

STAkE yOUR CLAIM TO BRITISH COLUMBIA’S EXPLORATION AND EXTRACTION OPPORTUNITIESWHAT WE CAN DO fOR yOUInterested in exploring British Columbia’s rich mining and natural gas potential? Contact us for confidential, knowledgeable advice and the following services:

» STRATEgIC SuPPoRT: we provide the information and contacts you need to analyze and implement strategic investment decisions in British Columbia.

» BuSINESS START-uP ASSISTANCE: we draw on an extensive network of government and industry knowledge, contacts and experience to help you establish your business in British Columbia.

» BuSINESS ClIMATE INFoRMATIoN: we help you with the issues most critical to choosing your business location, such as taxation, labour markets, business costs, and permits and regulations.

» hoSTINg ANd SITE TouRS: we can arrange familiarization tours to business locations throughout British Columbia, including visits to available sites, investigations of facilities and meetings with community leaders.

» SuPPlIERS oF BuSINESS SERVICES: we arrange and facilitate introductions and meetings with experts in tax, real estate, legal and government permitting agencies.

» goVERNMENT PRogRAMS: we help you take advantage of federal, provincial and local government incentive and support programs that address your business needs.

CONTACT Leslie Wada A/Executive director, International Investment and Company Attraction Ministry of International Trade 999 Canada Place, Suite 730 Vancouver, British Columbia Canada, V6C 3E1 Phone: 604 775-2201 Fax: 604 660-6835 [email protected]

Ines Piccinino Acting Assistant deputy Minister, oil and gas division Ministry of Natural gas development 1810 Blanshard St., 5th Floor Victoria, British Columbia Canada, V8w 9N3

David Morel Assistant deputy Minister, Mines and Mineral Resources Ministry of Energy and Mines 1810 Blanshard St., 6th Floor Victoria, British Columbia Canada, V8w 9N3

www.britishcolumbia.ca

with support from:

Every effort has been made to ensure the accuracy of this publication at the time of writing; however, the programs referred to, and data cited, are subject to change.

All figures are in Canadian dollars.

Printed: January 2014

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