Focus shifts to early-stage exploration in British Columbia – survey
JOHANNESBURG (miningweekly.com) – The focus of exploration in British Columbia is shifting to grassroots and early-stage exploration, according to the British Columbia Mineral and Coal Exploration Survey.
The survey is compiled in a joint initiative between EY, the British Columbia Ministry of Energy and Mines and the Association for Mineral Exploration British Columbia.
“We're seeing a number of projects that supported exploration expenditure over the past five years now evolving into the mine development phase, resulting in a drop in expenditure in the capital intense later stages of the exploration lifecycle.
“But importantly, the survey indicates a swing in focus with a rise in expenditure in the early stages of exploration. The resilience of the exploration industry in BC over time reflects the province's favourable geology, good infrastructure, and stable policy environment,” says EY Canadian Mining & Metals practice associate partner Iain Thompson.
While the overall downward trend in exploration in British Columbia continued in 2016, led by low commodity prices, market uncertainty and another sharp drop in advanced-stage exploration, the survey found that grassroots and early-stage projects experienced significant growth in exploration expenditure in 2016.
Grassroots expenditure increased by 24% year-on-year to nearly $15-million and early-stage expenditure rose by 48% year-on-year to nearly $42-million.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
