B.C’s coal and mineral exploration industry has grown for the first time since 2012.
While speaking on the Jim Harrison Show, Chair of the Association for Mineral Exploration for B.C, ‘Lyn Anglin says the province is following the trend of increasing exploration worldwide.
“The increase is actually up to $246 million in 2017, which is a $41 million, or 20 per cent increase from 2016. And yeah, we’re very excited about that, because that’s the first increase in exploration spending in B.C, since 2012.”
As next growth in industry will be related to the green energy movement, Anglin says, there’s going to be huge demand for copper, which could mean a boost to the Kamloops mining industry.
“Because every electric vehicle, and all the transmission lines that we’ll need for more electrified activities, is going to require a lot of copper.”
Anglin adds, demand for other metals will likely see a boost in the near future as well.