VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2013) - The Mining Association of British Columbia (MABC) acknowledges the federal government's stay the course budget that remains largely consistent with previous announcements, including the commitment to balancing the budget by 2015.
MABC is encouraged by the federal government's continued recognition of the skills shortages in the mining sector and welcomes the renewal of the $500-million-per-year Labour Market Agreements in 2014-15 to introduce the Canada Job Grant. The Canada Job Grant allows for the reallocation of funds for opportunities for apprentices and internships.
MABC is also supportive of the federal government's decision to extend, for another year, the 15-per-cent Mineral Exploration Tax Credit for flow-through share investors. The tax credit gives Canadian-based projects a competitive advantage and helps to ensure investment in mineral exploration remains in Canada.
"MABC also recognizes the Budget 2013 measured contribution made to the mining sector and welcomes the official implementation of the 'one project, one process' policy for environmental assessments," said Karina Briño, President and CEO of MABC.
The mining industry not only offers high paying and sustainable employment opportunities, it also provides important contributions to the provincial and federal tax bases that can support programs needed by our communities.
Mining remains a major driver of development and sustained economic activity throughout the province of BC and has the potential to continue to grow provided that appropriate fiscal measures are in place.
About the MABC
MABC represents companies involved in the exploration and development, mining and smelting of minerals, metals, coal and industrial minerals in British Columbia. It is regarded as the pre-eminent voice of mining in the province.
Contact Information:
Karina Brino
President & CEO
(604) 681 4321, ext. 120
www.mining.bc.ca