PDF- In October 2016, EY was engaged to support the BC Ministry of Energy and Mines (“MEM”) in their ongoing efforts to ensure a sound, risk-based approach to BC’s financial security program for mine site reclamation. The objective of our work was to provide analysis, consultation and recommendations regarding the components required to draft a financial security policy. Based on our review and analysis, the approach and policy components we have laid out in this report would facilitate a streamlined, objective and transparent program. It would also encourage mine proponents and operators to conduct reclamation, closure and environmental protection activities while balancing the province’s two objectives of mitigating financial risk to the taxpayer and enabling continued economic investment from the mining industry.
