Gratton: $140b in mining investment good for BC

Industry analysts say the next decade could bring more than $140b of new mining investment into Canada and BC is expected to play a key role because of its proximity to key Asian markets.

Pierre Gratton is president and CEO of the Mining Association of Canada.

Pierre Gratton: All of the economic fundamentals that have been driving the demand for commodity prices are still there.

Chinese growth has slowed somewhat, but at 7.5% that’s still very large growth.

They, today, consume 40% of the world’s base metals whereas in the 1980’s it was 5%. And that trend is going to continue.