Plan for developing Bonanza Ledge mine near Barkerville uses spiral tunnel to reach gold below existing pit.

Signs of spring for B.C. mining industry

Gold projects at Barkerville and in the northwest moving ahead, as metal prices and steelmaking demand revive in Asia

The pending return of mining to Barkerville and an uptick of demand for iron ore in Asia are signs that the worldwide commodity slump may be coming to an end, says B.C. Energy and Mines Minister Bill Bennett.

In an interview after last week’s Prospectors and Developers Association of Canada convention in Toronto, Bennett said construction and steelmaking in China are key indicators of demand for metallurgical coal from Kootenay and South Peace mines, which have cut production due to poor international demand and low prices.

“I went there expecting the same as last year, with everyone being pessimistic, and instead I actually thought there was a fair bit of optimism, particularly for B.C.,” he said.

Bennett met with representatives of Barkerville Gold Mines Ltd., which plans to build an underground mine the historic region of the Cariboo gold rush of the 1860s. The company has reorganized, paid its debt and raised enough money to get the project into production this year, he said.

Barkerville Gold has been accumulating properties in the Cariboo since 1994. Its plan is to develop three sites, starting with the Bonanza Ledge mine at Barkerville Mountain, two kilometres northwest of the historic townsite from the placer mining boom.

Brucejack, an underground gold mine north-west of Smithers that was permitted last year, is also moving ahead.

“He’s got about 400 people working there now and he’s going to have 500 as the snow goes down,” Bennett said. “That’s as many people as are working at Site C. It’s happening out of sight, out of mind so nobody knows about it.”

 

Just Posted

Transitioning back into the world

Courtenay man had been living outdoors before starting Sally Ann program

A cuddle and a coffee: Six Island towns named among Canada’s most cozy

Sidney, Campbell River, Courtenay, Parksville, Tofino and Ucluelet crack Expedia’s top 40

Comox Valley Santa’s Workshop in need of bicycles for youngsters, gifts for teens

Santa’s Workshop, at 464 Puntledge Road (formerly the Red Cross building), is… Continue reading

New Coast Guard radar boosts marine traffic monitoring off B.C. coast

Six radar installations set up for Georgia Strait to Queen Charlotte Strait to Prince Rupert

Liquor store robbery suspect arrested

The Comox Valley RCMP have identified the suspect in relation to the… Continue reading

Trudeau offers to help Pacific islands face climate change impact

Prime Minister Justin Trudeau met with the leaders from the Pacific island nations on Saturday during the APEC Summit in Papua New Guinea

‘Toxic’ chosen as the Word of the Year by Oxford Dictionaries

Other top contenders for 2018 include ‘gaslighting’ and ‘techlash’

Mid Island Farmers Institute discusses fleece at November meeting

Are you a lover of wool and local fibre? Interested in raising… Continue reading

Comox Valley Nature invites the public to learn about nature photography

Comox Valley Nature is hosting a public lecture on photography. Join Terry… Continue reading

RCMP bust illegal B.C. cannabis lab

Marijuana may be legal but altering it using chemicals violates the Cannabis Act

Canada defeats Germany 29-10 in repechage, moves step closer to Rugby World Cup

Hong Kong needs a bonus-point win over Canada — scoring four or more tries — while denying the Canadians a bonus point

Avalanche Canada in desperate need of funding

The organization provides avalanche forecasting for an area larger than the United Kingdom

5 B.C. cities break temperature records

Parts of B.C. remain warm, at 10 C, while others feeling chilly

B.C. teacher’s Amazing Race takes students on Canada-wide adventure

Agassiz high school students say they had the experience of a life time

Most Read