Venture Kamloops
Mining
Mining in Kamloops – an Industry Snapshot
Mineral exploration and mining is a $6 billion industry in British Columbia and has been a regional economic strength in Kamloops for decades. There are numerous metal and mineral mines, as well as many proposed mine developments located in the Kamloops area.
With a rich mining history going back over 100 years, Kamloops has skilled mining personnel, mining consultants, assay labs, and mining suppliers ready to facilitate mining exploration and active mining. This significant concentration has resulted in a cluster of industries that have located here to support the mining operations.
Major Active Mines
| 1. New Gold | |
| Type | Copper/ Gold |
| Proximity to Kamloops | 0 km |
| Life Span | 23 Years |
| Approx # Employees | 475 employees & 467 Contractors |
| 2. Highland Valley Copper Mine | |
| Type | Copper/ Molybdenum |
| Proximity to Kamloops | 40km |
| Life Span | TBD |
| Approx # Employees | 1256 |
| 3. Copper Mountain | |
| Type | Copper/ Gold/ Silver |
| Proximity to Kamloops | 170km |
| Life Span | N/A |
| Approx # Employees | 500 |
| 4. Gibraltar | |
| Type | Copper/ Molybdenum |
| Proximity to Kamloops | 330km |
| Life Span | 27 Years |
| Approx # Employees | 620 |
Large Mines in Environmental Assessment Process
| 5. KGHM | |
| Type | Copper/ Gold |
| Proximity to Kamloops | 0km |
| Life Span | 23 Years |
| Approx # Employees | 565 |
| 6. Yellowhead | |
| Type | Copper/ Gold/ Silver |
| Proximity to Kamloops | 150km |
| Life Span | 22 Years |
| Approx # Employees | 430 |
| 7. Prosperity | |
| Type | Copper/ Gold |
| Proximity to Kamloops | 300km |
| Life Span | 20 Years |
| Approx # Employees | 2000 employees |
| 8. Huldron Silver Inc | |
| Type | Silver |
| Proximity to Kamloops | 210km |
| Life Span | N/A |
| Approx # Employees | 15 employees |
Drilling Programs
| 9. Discovery Corp | |
| Type | Copper/ Gold |
| Proximity to Kamloops | 5km |
| 10. Cache Creek (Hunter Dickinson) | |
| Type | Copper/ Gold |
| Proximity to Kamloops | 83km |
Kamloops’ Competitive Advantages for the Mining Industry
Vital Transportation Hub: Kamloops is easily accessible and is the “hub” city for the Interior of B.C.
• Airport: 9 daily flights to Vancouver
• Central location to all major centres in B.C.
• Located at the intersection of Western Canada’s four major highways
• One of only two cities in Canada serviced by both national railways (CN Rail and CP Rail)
• Over 25 trucking and wide transport companies servicing North America based in Kamloops
Investment Friendly Climate: Kamloops was selected “Best BC Interior City to Invest In” (Real Estate Investment Network) and was ranked 5th overall in Top10 MicroAmerican Cities of the Future 2013/2014 (Foreign Direct Investment Magazine 2013/2014)
Investors in business in Kamloops also enjoy:
• A proactive municipal government which ensures fast processing of permits and licenses
• Competitive development and business costs
• Excellent new business start-up support and resources
• Balanced corporate/personal tax structure
Lifestyle: Kamloops has a vast landscape with plenty of room in which to play and engage in an array of recreational opportunities, all while enjoying over 2,000 hours of sunshine annually. Housing is affordable and the cost of doing business is competitive, plus the area boasts exceptional schooling options and healthcare services. Employee retention is high in Kamloops with employees citing an affordable, quality of life in the region as a major plus.
Incentives for the Mining Industry
BC Mining Exploration Tax Credit (METC): 20% on the net qualified mining exploration expenses and the credit is 30% for exploration in prescribed Mountain Pine Beetle affected areas.
Industrial Research Assistance Program (IRAP): supports research projects on a selective basis with grants ranging from $10,000 to $250,000 per annum.
Machinery and Equipment Investment: Purchase of eligible machinery and equipment is exempted from Provincial Sales Tax (PST). Eligible expenditures include machinery and equipment used in manufacturing, software development, mining and mineral exploration, petroleum and natural gas production and logging.
Mining Resources
Venture Kamloops’ Mining Map: view active mines in the area, those in the environmental assessment phase and those in drilling programs. Ask Venture Kamloops for further details.
British Columbia’s Mineral Exploration and Mining Strategy: Mineral exploration and mining are important economic drivers for British Columbia. In 2011, the mining industry increased its production value by 20% from the year before to approximately $8.6 billion. View the Government of B.C.’s Strategy Document
BC Mines & Exploration Projects map: Click here to view map
J.T. Fyles Natural Resources Library: Formerly the Ministry of Environment and the Ministry of Forests Library, and the James T Fyles Library. They provide global connections to natural resource sector information for public policy-makers, researchers, and professionals throughout British Columbia.
Mining Organizations
Kamloops Exploration Group (KEG): a registered society that serves to generally promote the interests of mining and prospecting for minerals, metals and petroleum.
Mining Association of British Columbia (MABC): The Mining Association of B.C., one of the oldest associations in the province, represents the collective needs and interests of coal, metal, industrial mineral companies and smelters in British Columbia. In doing so, MABC has come to be regarded as the predominant voice of mining in British Columbia.
Canadian Institute of Mining (CIM): Founded in 1898, the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is the leading technical society of professionals in the Canadian Minerals, Metals, Materials and Energy Industries. CIM maintains three main objectives: to facilitate the exchange of knowledge and technology, to foster networking, professional development and fraternity and to recognize excellence and outstanding achievements in the minerals industry.
Ministry of Energy, Mines and Petroleum Resources: The Ministry of Energy and Mines is responsible for the management of B.C.’s energy, mineral and petroleum resources to ensure environmental protection and worker safety.
Geoscience BC: Geoscience BC is an industry-led, not-for-profit, applied geoscience organization. Geoscience BC works in partnership with industry, academia, government, First Nations, and communities to fund applied geoscience projects with the objective to attract mineral and oil & gas exploration to British Columbia.
Testimonial
vk-testimonial-temp“Venture Kamloops was instrumental in providing us information and helping us overcome obstacles in the early stages of our expansion project. They linked us to the right people.”
— Maurice Hindle | Manager – Marketing & Sales, Moly-Cop Canada
Source: http://venturekamloops.com/industries/mining/
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