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Fact Sheet:
2.7 Economic and Social Benefits
of the Project
Key Facts
The Ajax Project will invest $1.5 billion toward needed infrastructure
and facilities, which will create $6.9 billion in economic benefits during
the mines 23-year operations lifetime, while employing hundreds of
local residents, supporting local businesses, and other beneficial uses.
The Economic and Social Benefits of the Project
Construction:
Approximately three years in duration.
The total cost of the Project Construction
phase is estimated at $1.5 billion.
Approximately two-thirds of all the spending
during this phase is expected to be within
B.C. and the remaining third elsewhere in
Canada and internationally.
facilities.
Economic Benefits
Local taxes generated during the construction phase are estimated at $25 million,
Operations:
Estimated at 23 years in duration.
The Project is expected to create $6.9 billion in total economic benefits, or $299
million per year.
450 full-time workers will be directly
employed by KGHM Ajax Mining Inc. (KAM).
Total direct wages, including benefits, will be
close to $62 million per year and approximately $1.4 billion over the life of the mine.
Total annual employment supported by
the Project (direct, indirect and induced) is
estimated at 1,450 full-time positions in B.C.
and an additional 540 full-time positions for
the rest of Canada. The majority of the jobs
created are expected to be full-time.
Total tax revenue created over the life of
the mine at the local level is $160 million
and provincially $710 million.
Decommissioning/ Closure and Post
Closure:
Expected to last five years.
The total cost of Project activities is expected to total $195 million.
programs.
area.
Income Benefits
The construction phase is expected to
generate local employment income in the
range of $264 million to $328 million.
In the operations phase 933 full-time jobs
in the Kamloops area are expected, including direct, indirect, and induced positions.
Community Development
Benefits
KAM is dedicated to supporting the growth
of the community and environmental
sustainability by aiding local events, clubs,
businesses,
community
groups,
athlet-
$117,000.
or organizations.
An access management plan will be devel-
KAM will support and sponsor local community organizations that encourage and
support healthy living and health education.
KAM will also support recreational activities
around the Project where it is safe to do so.