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

Premier makes surprise visit to Ladysmith Art Gallery

John Horgan does an informal meet and greet with Ladysmith arts and community leaders

Memorable weekend of hockey and camaraderie in Chemainus, Duncan

Many aspects of memorial tournament tug at the heartstrings

Premier on hand as Paper Excellence finalizes Catalyst Paper purchase

Sale includes Crofton mill, plus mills in Port Alberni and Powell River

High temperatures in Ladysmith break century-old records

Maximum high Sunday at the airport edged out a temperature record that had stood since 1892

Five highlights in the 2019 federal budget

Latest budget includes a sprinkling of money for voters across a wide spectrum

Cougar on Island might have been shot with bow-and-arrow

Conservation officer service looking for animal near Port Alice

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

B.C. mosque part of open-house effort launched in wake of New Zealand shootings

The ‘Visit a Mosque’ campaign aims to combat Islamophobia

‘That’s a load of crap’: Dog poop conspiracy spreads in White Rock

Allegation picked up steam through a Facebook page run by a city councillor

Chrysler receives coaching award

Albin & Georgina Falt Memorial plaque honours a long run by the face of Ceevacs

Explosives unit brought in after suspicious boxes left at B.C. RCMP detachment

Nanaimo RCMP issues all clear after packages were found on lawn earlier in the day

2019 BUDGET: As deficit grows, feds spend on job retraining, home incentives

Stronger economy last year delivered unexpected revenue bump of an extra $27.8 billion over six years

Newfoundland man caught after posting photo of himself drinking and driving

The 19-year-old took a photo of himself holding a beer bottle and cigarette while at the wheel

Most Read