But now we have red tape throttling development.
The proposed Prosperity Mine, 125 kilometres south of Williams Lake, has reserves of 5.3 billion pounds of copper and 13.3 million ounces of gold. It’s huge. It would employ 550 people, create even more spin-off jobs, and add $340 million to our GDP each year.
But we now have been through a full 20 years of process and government red tape on this, and we still have no mine and no jobs and no government revenue.
The BC government approved the mine in 2010. But later in 2010 Ottawa’s separate review led the feds to reject the project, and they invited Taseko Mines Ltd. to submit a new design.