“Very disheartened,” the Mining Association of Canada expressed more than usual frustration as another resource project faced another unexpected setback. This one caused special pain since it resulted from Bill C-69, which the industry group had controversially supported.
MAC did so thinking the bill would fix problems associated with the federal environmental act of 2012. But the association had also supported Ottawa back then, before becoming disillusioned with the legislation’s implementation. Could there be a pattern here?
MAC expressed its most recent discouragement on August 20 after federal environment minister Jonathan Wilkinson announced Teck Resources’ (TSX:TECK.A/TSX:TECK.B) Castle coal proposal would face a federal review under the Impact Assessment Act in addition to the provincial review already underway.
As a new source of metallurgical coal just south of Teck’s Fording River mine in southeastern British Columbia, Castle would add “several decades” of life to the currently depleting operation, the company maintains. Teck hoped to begin Castle development in 2023 and production in 2026, to replace the existing operation early next decade.
For the rest of this column: http://resourceclips.com/2020/08/21/a-resource-less-approach/