A new study conducted by KPMG using 2024 data highlights Elk Valley Resources (EVR) as a significant contributor to local, provincial and national economies, creating thousands of jobs and generating billions of dollars.
The study indicates EVR has a direct impact on the national economy, including $6.1 billion in GDP, more than 5,700 jobs, and employee compensation 70 per cent higher than the national average wage.
EVR says its operations in British Columbia account for $5.3 billion in GDP, roughly 70 per cent of the province’s mining sector output.
The company says it employs about 5,500 people in B.C., pays $475 million in wages, contributes $470 million in government revenue, and spends $3.3 billion annually with local suppliers.
“The report helps demonstrate how EVR strengthens economies at every level, from local communities to federal, by sustaining high-quality jobs and supporting a resilient, integrated supply chain,” said EVR CEO Mike Carrucan.
The study also highlights the company’s role in southeastern B.C. communities. In Elkford and Sparwood, roughly one in two workers is employed by EVR.
In Fernie, about one in four, and in Crowsnest Pass, Alberta, around one in seven workers are employed by the company.
EVR contributes 73 per cent and 89 per cent of total municipal tax revenue in Elkford and Sparwood, respectively.
KPMG also examined the potential economic impact of EVR’s proposed Fording River Extension (FRX) Project, which would extend the mine life by roughly 35 years.
The project is expected to create 400 direct construction jobs, maintain 1,500 existing positions, and generate $1.5 billion in annual GDP, representing about 21 per cent of B.C.’s mining sector GDP.
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