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Imperial Metals Corp (2)
Symbol III
Shares Issued 127,110,479
Close 2019-05-21 C$ 2.64
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Van Sun says Imperial Metals' disaster still uncharged

2019-05-21 07:20 ET - In the News

The Vancouver Sun reports in its Tuesday edition that a recovery in British Columbia's mining industry continued building in 2018 with improved revenues, increased hiring and bigger payouts to government in taxes and royalties, according to a new report from accountant PwC. The Sun's Derrick Penner quotes PwC's Mark Platt saying, "While a slow, steady turnaround in the mining industry appears to be underway after an extended period of depressed prices, the optimism is somewhat tempered." The report highlighted increased revenues to mining firms, $12.3-billion in 2018 compared with $11.7-billion in 2017, thanks to higher prices for key B.C. commodities such as coal, copper and zinc. Also this week, a group called on government to reform B.C.'s mining legislation with a view to improving protection of waterways from mine waste and stricter penalties for polluters. The group highlighted the 2014 tailings dam failure at Imperial Metals' Mount Polley mine that dumped millions of tonnes of mine waste into Quesnel Lake, an event that has resulted in no charges. Calvin Sandborn, legal director of the University of Victoria's Environmental Law Centre, said mining has to be done properly. "Right now, we don't," he said.

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