Mineral Tenure Act Regulation Amendments Deposited

Changes came into effect July 1, 2012

PLEASE BE AWARE OF THE FOLLOWING:

The registration of an amalgamation or conversion event on or after July 1, 2012 may have unexpected implications with respect to tenure maintenance on the resulting claims. Please read the updated Information Updates No 13 and No 21 prior to registering an amalgamation or conversion.

 

A new fee structure and revised annual exploration work requirements have been adopted by the Province to help support the effective exploration and development of British Columbia’s mineral resources.

Amendments to the Mineral Tenure Act (MTA) Regulation came into effect on July 1, 2012.  A highlighted draft of the amended regulation is available below.

The changes are the result of extensive dialogue and consultations with industry beginning in 2008, and a comprehensive review of the Province’s mineral title acquisition and maintenance process.  These consultations and review revealed that a more balanced fee structure and revised work requirements were needed to promote further mineral exploration in British Columbia by both individual prospectors and companies.

A Summary Report of the issues discussed and comments received was prepared and issued in March 2011.  A Discussion Paper and Q & A’s were also prepared to facilitate these discussions.  Each of these documents is available below.

The final amendment package incorporates changes to the original proposal made in response to industry and stakeholder comments.

Mineral Tenure Act Regulation Amendments, effective July 1, 2012