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.”

 

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Hundreds fill Chilliwack streets for Black Lives Matter march

‘Canada has a problem too,’ reads at least one protester’s sign

IHIT names homicide victim found in the Fraser Canyon this week

Police asking for tips into the suspicious death of 29-year-old Alicia Berg

$25 million Fraser Valley highway project 18 months behind schedule

Ministry says information security protocols have ‘evolved’ since construction on project wrapped up

Chilliwack RCMP heard gunfire en route to suspicous activity

Chilliwack man, 42, sent to hospital after shooting, RCMP have confirmed

Racism wasn’t dealt with properly by school, says Chilliwack graduate

Woman tells story of being verbally assaulted at school for being black

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park at large

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

No charges to be laid against 22 northern B.C. pipeline protesters

Twenty-two people were arrested in February, but Crown has decided not to pursue charges

Plan in place for BC Ferries to start increasing service levels

Ferry corporation reaches temporary service level agreement with province

IHIT investigating ‘suspicious’ death of Surrey man

Officers found the body while on foot patrol: Surrey RCMP

B.C. starts to see employment return under COVID-19 rules

Jobless rate for young people still over 20% in May

Most Read