COAL FOR THE FUTUREOCTOBER 11, 2012

Ministry of Energy, Mines and Natural Gas1

B.C. Mining Production: $8.6 Billion in 2011

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Coal67%

Copper18%

Coal: $5.69 billion 10 operating coal mines

4 operating coal mines in the northeast Directly employ over 1,400 people Produced 5.6 million tonnes in 2011 Clean metallurgical and PCI coal

Operating Mines in Northeast B.C.

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11 major coal mine development proposals Gething, Carbon Creek, Quintette, Roman and Horizon are all in various stages of the approval process

Major Mine Development Projects in Northeast B.C.

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2011 Northeast Coal Exploration

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$ M

ILLI

ON

$44.3 M spent on exploration programs 66,000 m drilled

BC Jobs Plan Targets

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8 new mines and 9 mine expansions by 2015 Already halfway there:• 5 new mines approved/under

construction• 5 mine expansions approved/under construction

2012 Mineral Exploration and Mining Strategy

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Released in May 2012 Builds on Jobs Plan commitments Vision: Seizing global demand to benefit British Columbians 29 action items http://www.em.gov.bc.ca/Mining/ Pages/MiningStrategy2012.aspx

Northeast Coal Strategy

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Objectives: Obtain First Nations support for coal projects in northeastern B.C. and get these projects through the permitting process efficiently. Key Elements:

• Peace Northern Caribou Strategy• Cumulative effects plan for coal block• Revenue-sharing agreements between the Province and First Nations• Defined consultation process to provide certainty and speed up licensing and permitting