BC REVENUE INCREASE
January 1st, 2005
BY MONICA DOBIE
MINING exploration spending in British Columbia, Canada, doubled last year, according to the province's energy and mines minister Richard Neufeldt. Roughly CDN$130 million was spent by mining companies in 2004, up from CDN$55 million in 2003 and four times the amount spent in 2001. High mineral commodity prices and a supportive provincial government that cut sales tax on equipment and loosened regulations were behind the spending surge claimed the minister.
MINING exploration spending in British Columbia, Canada, doubled last year, according to the province's energy and mines minister Richard Neufeldt. Roughly CDN$130 million was spent by mining companies in 2004, up from CDN$55 million in 2003 and four times the amount spent in 2001. High mineral commodity prices and a supportive provincial government that cut sales tax on equipment and loosened regulations were behind the spending surge claimed the minister.
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