Federal decision on New Prosperity Mine hurts B.C.
Rejecting Taseko’s proposed New Prosperity mine comes as a surprise and is huge blow to the future of B.C.’s economy and for the Williams Lake community. Because of the federal government’s decision, 1200 construction workers will not have jobs and 500 British Columbians will not benefit from permanent jobs. It means losing $730 million in added provincial and federal revenue during its operating life.
One of our competitive advantages is our ability to harness the power of our vast natural resource sector responsibly. We have been doing so for decades. In B.C., the sustainable environmental practices of mining are a global beacon of good practice and we are the world’s leading centre of expertise for mineral exploration.
When the world is watching, the decision to reject the New Prosperity mine sends the wrong message. Our province is focused on getting a foothold in emerging markets and attracting new investment so that the private sector can create stable, well-paying jobs for British Columbians. Jobs in communities like Williams Lake where they are looking to grow and to keep families close to home.
A recent edition of our Construction Monitor explores the benefits of the New Prosperity mine and what it means to B.C.’s future.