Looking Back at British Columbia’s Mineral Productivity

For more than 100 years, British Columbia has been considered a mountainous mining province, rich with potential but relatively poor in actual production. Times have changed. Today, Japanese interests and money have altered the difficult, if not once impossible, economic conditions and market factors which until recently precluded any great growth of the British Columbia mineral industry. The mining boom now underway in British Columbia has carried the total value of mineral production in the Province to a record height in 1962 as it rang up a 27% increase over that of 1961. Breaking the $200 million barrier for the first time, total value of British Columbia's mineral output reached $229- 276,385. Of this amount, metals accounted for 70%; industrial minerals, 6 %; structural materials, 9 %; and fuels, 15%. The substantial increase is attributed to the record production of copper, iron, asbestos, natural gas and petroleum, in addition to the continuing high production rate and favorable prices of other mineral commodities.