Placer Mining Fee and Mineral Tax Models
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Overview
Who: The Ministry of Energy, Mines and Low Carbon Innovation
What: Reviewing options for a new fee structure and mineral tax system for the placer mining industry
Where: Province-wide
Why: Part of ongoing efforts to strengthen the placer sector
How: Online
Engagement Summary
Placer mining is the practice of separating precious minerals from sand or gravel. The Province examined options for a new fee structure and mineral tax system for this industry.
A discussion paper put forward ideas for cost-recovery options that are more fair across all mining sectors. The paper also includes feedback from Indigenous Nations.
Feedback was sought on potential options that would inform both permit fees and mineral tax rates.
Results
Read the What We Heard Report.
Through ongoing discussion with First Nations and the Placer Mining Association, the ministry released a Placer Revenue Intentions Paper. This Paper outlines the revenue model that will be proposed to cabinet. Cabinet’s decision will determine future amendments to the Mines Fee Regulation and the Mineral Tax Act.
Related engagements
