On July 1, 2012, changes to the Mineral Tenure Act
Regulation will come into effect in British Columbia.
The good news is that many of the current registration fees will
be eliminated including fees for registration of exploration and
development work, registration of payment of cash in lieu of work,
registration of portable assessment credits, amalgamations,
reduction of cell claims and transfer of ownership.
The number of cells per claim that can be selected will be
increased from 25 to 100 per acquisition. The fees, however, will
increase for registration of mineral claims from $.0.40 per hectare
to $1.75 and from $2.00 per hectare to $5.00 per hectare for placer
claims.
In addition, the new assessment requirements will increase from
the present $4.00 per hectare in each of the first three years and
$8.00 per hectare thereafter to $5.00 per hectare for years one and
two, $10.00 per hectare for years three and four, $15.00 per
hectare for years five and six and
