{"id":22456,"date":"2018-12-07T14:05:58","date_gmt":"2018-12-07T22:05:58","guid":{"rendered":"http:\/\/engage.gov.bc.ca\/govtogetherbc\/?post_type=impact&p=22456"},"modified":"2023-03-09T08:28:13","modified_gmt":"2023-03-09T16:28:13","slug":"b-c-mine-reclamation-security-policy-results","status":"publish","type":"engagement","link":"https:\/\/engage.gov.bc.ca\/govtogetherbc\/engagement\/b-c-mine-reclamation-security-policy-results\/","title":{"rendered":"B.C. Mine Reclamation Security Policy"},"content":{"rendered":"

B.C. Mine Reclamation Security Policy<\/h1>\n\n

Engagement Summary<\/strong><\/h2>\n

In May 2016, the Auditor General\u2019s report on compliance and enforcement<\/u><\/a> of the mining sector was released which highlighted the need for a clear and transparent policy to ensure that the mine reclamation security held by government is appropriately managing financial risk to the taxpayer.
\n 
\nAs a first step, the Ministry of Energy, Mines and Petroleum Resources (EMPR) commissioned Stantec Consulting Ltd. to examine how jurisdictions in Canada and abroad deal with the issue, and as a result the Policy and Process Review for Mine Reclamation Security<\/u><\/a> was released in September 2016.
\n 
\nEMPR and the Ministry of Finance then commissioned Ernst & Young (EY), a leading firm with experience and knowledge of the mining industry worldwide, to undertake an in-depth examination of EMPR\u2019s reclamation securities practices. In February 2017 EY completed a Report and Recommendations for B.C.\u2019s Mine Reclamation Security Policy<\/u><\/a> including a comprehensive examination of the current approach and further analysis of best practices. During their review, EY found that EMPR utilizes a financial security program based on sound principles that include elements of a risk-based approach. EY\u2019s main recommendation was to formalize a risk management framework for mine security. This work is currently underway.
\n 
\nAs part of the policy development process, EMPR requested input on the recommended policy components detailed in the Ernst & Young report and\/or best practices in other jurisdictions. Input was accepted until November 8, 2018 at 4pm.
\n <\/p>\n

Engagement Timeframe<\/strong><\/h2>\n

October 11 to November 8, 2018
\n  <\/p>\n

Input Received<\/strong><\/h2>\n
    \n
  • 7 written submissions from organizations\n<\/li>\n
  • 240 email submissions from individuals<\/li>\n<\/ul>\n

     <\/p>\n

    Input leads to action:<\/strong><\/h2>\n

    Input received during the engagement process will inform the drafting of EMPR\u2019s reclamation security policy. A summary of the engagement, and the key issues raised, will be posted to this site in early 2019.
    \n 
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