BHP isn’t breaking up with Canada, but it’s definitely looking to see other people. In a recent interview with The Globe & Mail, BHP’s CEO shared some concerns with Canada. They’re worth paying attention to: - Broken promises about speeding up mining processes - 17 years to get mining permits - An expected 25-year timeline to move from discovery to production - Tougher regulations on acquisitions and major deals These aren’t small issues, and they highlight real challenges for mining in Canada. But I suspect there is another layer to this story. This entire interview probably wasn’t directed at the current government. Instead, its intended audience is the next government and what a company committed to investing $20 billion in Canadian mining wants to prioritize.
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In a recent interview with The Globe & Mail, BHP’s CEO shared some concerns with Canada.
They’re worth paying attention to:
- Broken promises about speeding up mining processes
- 17 years to get mining permits
- An expected 25-year timeline to move from discovery to production
- Tougher regulations on acquisitions and major deals
These aren’t small issues, and they highlight real challenges for mining in Canada.
But I suspect there is another layer to this story.
This entire interview probably wasn’t directed at the current government.
Instead, its intended audience is the next government and what a company committed to investing $20 billion in Canadian mining wants to prioritize.