The government of British Columbia recently announced plans to accelerate 18 key mining and energy projects, valued at an estimated CAD 20 billion. These developments, ranging from mining expansions to new energy infrastructure and wind power, aim to reduce reliance on the U.S. market by leveraging B.C.’s rich natural resources and geographic benefits to explore broader international opportunities.
Official disclosures indicate that the projects encompass the restart of the Eskay Creek gold-silver mine in northwestern B.C., an expansion of the Red Chris gold-copper mine in the same region, the extension of the Highland Valley copper mine, and the Mount Milligan gold-copper mine, as well as the Cedar natural gas export facility. In addition, the NEBC Connector pipeline project—which will transport natural gas liquids from northeastern B.C. to Alberta—has also been prioritized.
B.C. authorities have stated that more high-profile mining and energy projects will follow on the list for accelerated approvals, with the goal of attracting investment and solidifying partnerships as quickly as possible.
According to provincial data, the U.S. accounted for 54 percent of B.C. exports in 2023, with the majority (67 percent) coming from lumber, minerals, and energy. China and Japan rank second and third, at 14 and 11 percent respectively. However, amid shifting trade conditions between the U.S. and Canada, B.C. is keen to enhance its presence in China, Japan, and other Asian markets.
In recent years, Canada has adopted stricter foreign cooperation policies in the field of critical minerals, but Canada and China still possess significant complementary advantages in mining development.
On one hand, Canada is rich in mineral resources, particularly in critical minerals such as lithium, copper, nickel, and graphite, with its mining industry largely composed of small and medium-sized enterprises that urgently require financial and technological support to carry out high-risk, long-term exploration and development projects. On the other hand, Chinese companies have advanced processing technologies and a strong willingness to invest.
Premier David Eby notes that resource-based communities in the province stand to gain the most from brisk approvals, as they are particularly vulnerable to trade volatility. These projects are anticipated to create 8,000 new jobs. He underscored B.C.’s low-carbon energy resources and strategic position for accessing Asia—factors he believes will ensure the province’s continued growth across a diverse array of industries.
Energy Minister Adrian Dix clarified that while the province is opening a “fast track” for these mining and energy initiatives, it will maintain existing environmental and safety standards.
