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Contrary to public perception, stringent regulation may not be the biggest factor behind the delay of mining projects in British Columbia, according toThe study, conducted by researchers from Simon Fraser University and the University of British Columbia, conducted an audit of the 27 mines that were granted environmental assessments in the province since 1995 and were projected to open by 2022.
Regulation was a factor in only three of the 20 delayed projects, according to publicly stated reasons given by mining companies, while economic factors like commodity prices were revealed to be the most common cause of delay. Beyond the fees from the EAO, proponents hire consultants to conduct the actual EAs. This adds further costs for mining companies, ranging from thousands to millions of dollars each year,” the authors wrote. Teck Resources, for example, spent C$904 million in 2022 on consulting and contractors across its mining operations around the world.The study also puts government projections of mining’s economic benefits — namely output, GDP, job creation, and tax revenue — into doubt.
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