B.C. tightens oversight rules for mining after tailings-pond collapse

VICTORIA -- The British Columbia government is imposing more oversight on the mining industry by boosting potential penalties for prosecutions to $1 million in fines and three years in prison.

See Full Article

The new regulations emerge from recommendations in separate reports after the collapse of the Mount Polley tailings dam in B.C.'s Interior, which spilled millions of tonnes of mine waste into area waterways.

The province has been limited under the Mines Act to shutting down a mine by cancelling its permit, issuing a stop-work order or pursuing prosecutions, but the changes will now allow for monetary penalties to be imposed without going to court.

Mines Minister Bill Bennett says the changes provide his ministry with more tools for compliance and enforcement, to build an even safer and more sustainable industry.

Bennett says his goal is to ensure the province has a regulatory regime for health and safety on mine sites that is the best in the world.

After the failure of the Mount Polley tailings dam in August 2014, the chief inspector of mines ordered a third-party review of all similar operations and found no immediate safety concerns.



Advertisements

Latest Economic News

  • Air Canada seeks credit card partner for new loyalty program

    Economic CBC News
    Air Canada is looking for a financial services company to partner with it on a co-branded credit card, as part of its plans to launch a new loyalty program by 2020. The airline said Tuesday it is initiating an official Request for Proposal from any banks or other financial services companies to come forward with their pitch to handle the financial side of the program, which will be linked to a credit card and see members accrue points they can use for Air Canada flights when they use the card,…
  • Toys R Us files for Chapter 11 reorganization

    Economic Toronto Sun
    Toys “R” Us has filed for bankruptcy protection in the United States and says it intends to follow suit in Canada. The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia and says its Canadian subsidiary plans to seek protection in parallel proceedings under the Companies’ Creditors Arrangement Act in the Ontario Superior Court of Justice. Source
  • Former B.C. gov't asked oil and gas industry to refine climate recommendations

    Economic CTV News
    VANCOUVER - British Columbia's former Liberal government asked oil and gas corporations to "refine" the language of recommendations made by an advisory panel before it finalized its Climate Leadership Plan, documents show. Meeting agendas and presentations obtained under freedom-of-information legislation by the left-leaning Canadian Centre for Policy Alternatives provide insight into the extent of industry consultation on the plan that was released in August 2016. Source
  • Toys R Us files for bankruptcy protection

    Economic CBC News
    Toys R Us, the big box toy retailer struggling with $5 billion in long-term debt, has filed for Chapter 11 bankruptcy protection in the U.S. ahead of the key holiday shopping season, saying it will continue its normal business operations. Source
  • Montreal emerging as luxury real estate 'hot spot': Sotheby's

    Economic CTV News
    VANCOUVER - Montreal is emerging as a luxury real estate "hot spot," while Vancouver and Toronto sales should pick up this fall after somewhat sluggish times, according to a new report. Sotheby's International Realty Canada's rosy outlook comes despite a slew of policy changes, including some from Ottawa and a couple provincial governments designed to cool the country's hot housing markets. Source
  • Facebook facing an 'era of accountability'

    Economic CTV News
    NEW YORK - The problems keep piling up for Facebook, and it's unclear how long the internet giant will be able to brush them aside as it barrels toward acquiring its next billion users. The world's biggest social network has unwittingly allowed groups backed by the Russian government to target users with ads. Source
  • Global shares mixed but Nikkei rises on yen, muted elsewhere

    Economic CTV News
    TOKYO -- Global shares were mixed Tuesday, as investors awaited comments from the U.S. Federal Reserve, but Japan's benchmark rose on optimism over a weak yen and a record finish on Wall Street. KEEPING SCORE: France's CAC 40 inched down less than 0.1 per cent in early trading to 5,227.91. Source
  • Asian stocks mixed ahead of comments from U.S. Federal Reserve

    Economic CTV News
    TOKYO - Asian shares were mixed Tuesday, as investors awaited comments from the U.S. Federal Reserve, and Japan's benchmark rose on optimism over a weak yen and a record finish on Wall Street. KEEPING SCORE: Japan's benchmark Nikkei 225 added 1.5 per cent to 20,197.56 in early trading, coming off a national holiday Monday. Source
  • Toys 'R' Us files for bankruptcy protection in U.S.; plans to do same in Canada

    Economic CTV News
    TORONTO - Toys 'R' Us has filed for bankruptcy protection in the United States and says it intends to follow suit in Canada. The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia and says its Canadian subsidiary plans to seek protection in parallel proceedings under the Companies' Creditors Arrangement Act in the Ontario Superior Court of Justice. Source
  • Wisconsin governor signs bill to spend US$3B to woo Chinese TV-maker Foxconn

    Economic CTV News
    STURTEVANT, Wis. -- Gov. Scott Walker signed a US$3 billion incentive package Monday for Foxconn Technology Group to build a flat-screen plant in southeastern Wisconsin, a deal he says will provide thousands of jobs for generations. Source