The Globe and Mail reports in its Monday, Jan. 26, edition that British Columbia Premier David Eby visited Prince George last week to announce the approval for the $400-million expansion of the Mt. Milligan gold and copper mine. The Globe's Justine Hunter writes that this project is the latest in a series of mining investments progressing in B.C., and it has established a new benchmark for permit approvals -- lasting less than 10 months since the proponents submitted their applications on March 31 of last year.
The mining expansions follow two years of government efforts to eliminate regulatory roadblocks and lower costs for the sector.
Centerra Gold chief executive officer Paul Tomory said effusively, "I would recommend to other jurisdictions to emulate what British Columbia just did with this permit and the transparency, the clarity and the efficiency with which it was executed."
On the strength of B.C.'s new mining-friendly regime, he added, Centerra is now formally studying a reopening of its Kemess gold-copper mine, which has been shuttered since 2011. A restart would mean capital investments of another $1-billion.
In a province where NDP governments clash with business, Mr. Tomory's praise stands out.
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