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Record W2240694092

British Columbia's Mining Policy Performance: Improving BC's Attractiveness to Mining Investment

2013· article· en· W2240694092 on OpenAlexaffabout
Alana Wilson, Fred McMahon, Jean-Francois Minardi, Kenneth P. Green

Bibliographic record

VenueSSRN Electronic Journal · 2013
Typearticle
Languageen
FieldEngineering
TopicMining and Resource Management
Canadian institutionsFraser Institute
Fundersnot available
KeywordsProfitability indexInvestment (military)AttractivenessProfit (economics)BusinessEconomicsFinancePolitical science
DOInot available

Abstract

fetched live from OpenAlex

British Columbia’s mining industry is cyclical and responsive to global market forces, but policy remains an important factor in maximizing the benefits of mining. Part 1 of this study reviews the recent history of mining in the province and examines the linkages between policy factors and exploration investment. Part 2 uses data from the last five years of the Fraser Institute Survey of Mining Companies to identify which policy areas have been most deterrent to mining investment.The role of uncertainty as a deterrent to mining investment is common to the four main investment barriers identified. Uncertainty creates risk for mining investment by decreasing investor confidence in their ability to recoup and profit from their investments. Mining is already an inherently risky endeavor, with a lengthy and time-consuming process to discover and develop mines and move them into production. Bringing a new mine into production is also costly, with profitability subject to volatile and cyclical commodity prices, variable input costs, and currency exchange rates. Policy uncertainty and instability can compound risk for mining companies and threaten the viability of projects.The paper concludes with recommended policy changes to improve the attractiveness of British Columbia for mining investment, specifically, recommendations to reduce uncertainty concerning disputed land claims; recommendations to reduce uncertainty concerning which wilderness, parks, or archeological sites will be protected; recommendations to reduce uncertainty concerning environmental regulations; and recommendations to reduce regulatory duplication and inconsistencies.In recent years, British Columbia has made progress towards greater policy certainty. This is reflected in mining survey results and in a decline in investment that has been deterred due to the four key factors reviewed. However, further improvements are needed to maintain competitiveness and to help sustain the exploration investment necessary for the long-term success of this sector.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Other design · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.932
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0010.000
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.005
GPT teacher head0.193
Teacher spread0.188 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designOther design
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations4
Published2013
Admission routes2
Has abstractyes

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