“These changes include bringing BC’s regulatory framework for tailings storage facilities to the highest standard; creating a Chief Auditor role and a Mines Audit Unit to continuously evaluate our regulatory framework; establishing a monetary penalties regulation to improve compliance; launching a Mines Investigation Unit; and improving our financial securities collection track record from 40% to 90%.
“An Auditor General’s report following the disaster was clear that BC had allowed a regulatory framework to exist that did not adequately protect the environment or people. Economic development cannot happen without responsible management of industry, and we must maintain a world-class regulatory system to bring peace of mind to the mining sector and British Columbians.
“Today the management and operation of tailing storage facilities (TSF)s in BC must conform to one of the most stringent TSF regulatory frameworks in the…
