What was the engagement about?
The Ministry of Energy, Mines and Low Carbon Innovation (the Ministry) is proposing to examine options for a potential new fee structure and mineral tax regime for the placer industry. At this time, this review is focused on options relating to placer mining for precious metals, such as gold. The Discussion Paper is a continuation of the Ministry’s ongoing efforts to strengthen the placer sector. This paper puts forward ideas for cost-recovery options that are more equitable across all mine sectors and incorporates feedback from Indigenous Nations that took place in 2018 and early 2019. More specifically, this discussion paper seeks to solicit new ideas and feedback on potential options, including new indicators and thresholds that could be used to determine the scale and complexity of an operation, which in turn can be used to inform both permit fees and mineral tax rates.
How will my contribution make a difference?
The ministry has released the What We Heard Report summarizing the results of this engagement.
In November 2021, the ministry released a What We Heard Report, summarizing the feedback received from the discussion paper. Through ongoing discussions with First Nations and the Placer Mining Associations, the ministry has released a Placer Revenue Intentions Paper, which outlines the revenue model that will be proposed to cabinet. The resulting cabinet decision will determine the ministry’s next steps on developing amendments to the Mines Fee Regulation and the Mineral Tax Act.
Details of the Engagement
Date: May 28, 2021 to September 28, 2021
Category: Natural Resources