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While recent mining news has been dominated by mine closures, layoffs and a retrenchment of prospecting and exploration, UBC’ is launching a new executive MBA program
VANCOUVER — It might seem counterintuitive to launch new education programs focused on mining while the industry is in the middle of a downturn, but B.C.-based institutions are taking a longer-term view than the current business cycle.
While recent mining news has been dominated by mine closures, layoffs and a retrenchment of prospecting and exploration, UBC’s Sauder School of Business is launching a new executive MBA program for mining professionals. At BCIT in Burnaby, the coming fall will see it offer a new bachelor of engineering program in mining.
It is an age-old story now of preparing for the rising tide of retiring baby-boomers, so current layoffs and unemployment aside, the mining industry — B.C.’s in particular — is staring at a disproportionally high segment of its workforce in the 54-to-64 demographic.
“I’m not sure if the timing is good or bad,” said Brian Bemmels, associate dean of the Sauder School. “There are pros and cons to doing this at this time.” It was Vancouver-headquartered mining firms, though, that don’t see the next generation of their industry’s leaders being developed, who prodded the Sauder School into developing the program, Bemmels added.