Report says Kamloops is mining hub of B.C.

The city has 410 mining suppliers selling $342.5 million worth of worth of materials, good and services to the industry

Kamloops is B.C.’s largest mining community in terms of spending, with 410 mining suppliers selling $342.5 million worth of worth of materials, good and services to the industry.

Prince George is second, with 300 suppliers generating $252 million.

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Those figures come from a report commissioned by the Mining Association of BC and the Mining Suppliers Association of BC and released this week at the annual Union of BC Municipalities convention in Vancouver.

The report noted British Columbia’s mines and smelters have a significant economic impact.

In 2018, companies owning mines and smelters purchased $2.9 billion worth of materials, goods and services from more than 3,700 businesses in 215 urban, rural and Indigenous communities.

“The numbers show mining has become a major partner with Indigenous businesses and is helping advance economic reconciliation with B.C.’s Indigenous communities,” said Michael Goehring, MABC President and CEO.

“Our industry purchased $265-million worth of materials, goods and services from 120 Indigenous-affiliated suppliers in 2018.” 

The report also shows mining’s presence in urban B.C., with 1,265, or 34 per cent, of the province’s mine suppliers located in 20 Metro Vancouver municipalities, providing $941 million worth of materials, good and services to the mining industry.  

British Columbia is Canada’s largest producer of copper and steel-making coal, the second-largest producer of silver and the only producer of molybdenum, which is mined at Highland Valley Copper near Logan Lake.

Most commercial molybdenum is used in the production of alloys, where it is added to increase hardness, strength, electrical conductivity and resistance to wear and corrosion

Data from the report:

• In 2018, mining and smelting generated $12.3 billion in economic activity in B.C., supporting more than 33,000 direct and indirect jobs and contributing almost $1 billion in direct payments to the provincial government;

• The industry—17 metal and steelmaking coal mines and two smelters—purchased $2.9 billion worth of materials, goods and services from 3,730 B.C. businesses in 215 urban, rural and Indigenous communities in 2108;

• 120 Indigenous-affiliated mine suppliers provided materials, goods and services to B.C.’s mining industry in 2018, valued at $265 million.

• Vancouver is B.C.’s largest urban mining community, with 485 mining suppliers that generated $248 million in revenue in 2018. Surrey’s 190 mining suppliers generated $111 million.

• The province’s mineral explorers spent $331 million in B.C. last year and $4.9 billion over the last 15 years.

© Kamloops This Week

 


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