Archive | British Columbia Mining

Centerra gets $200 million for royalty portfolio and Kemess silver stream – by Cecilia Jamasmie (Mining.com – May 17, 2018)

http://www.mining.com/

Canada’s Centerra Gold (TSX:CG) is selling its subsidiary AuRico Metals’ royalty portfolio and a silver stream on its Kemess project to Triple Flag Mining Finance Bermuda, in a deal valued at $200 million.

The transaction, said the company’s President and chief executive, Scott Perry, is meant to generate cash to continue developing key projects, as well as growing the miner’s pipeline, through the sale of non-core assets. He said the move would also allow Centerra strengthen its balance sheet.

The Toronto-based miner said the deal implied selling AuRico Metals’ royalty portfolio, including net smelter returns royalties on Kliyul, Chuchi and Redton exploration properties, an upfront cash payment of $155 million. Continue Reading →

Time for mining to clean up its act – by Jacinda Mack and Loretta Williams (Vancouver Sun – May 16, 2018)

http://vancouversun.com/

Jacinda Mack is co-founder of Stand for Water, a project of First Nations Women Advocating Responsible Mining (FNWARM). Loretta Williams is chair of First Nations Women Advocating Responsible Mining.

We are told that B.C.’s natural resources can play a key role in the global transition to a low-carbon future. From clean-energy cars and wind turbines that require copper, steelmaking coal and molybdenum, to silver and selenium for solar cells; it is said that the province has the potential to be a leader in clean-energy mining.

But supplying the essential ingredients for green energy is at risk, unless B.C. mining laws can enforce practices that uphold First Nations rights and the environment. Sadly, that’s not the case, and hasn’t been, since the first B.C. gold rush nearly 170 years ago.

First Nations’ experience of mining in B.C. has been negative from the outset. The Mount Polley tailings-dam disaster in 2014 was simply the latest in a history of destruction and misery caused by generations of badly regulated mining operations, an outdated Mines Act and the province’s failure to live up to its commitment to the UN Declaration on the Rights of Indigenous Peoples (UNDRIP). Continue Reading →

Jobs, revenues, share prices benefit as higher commodity prices boost B.C. mining – by Greg Klein (Resource Clips – May 11, 2018)

 

http://resourceclips.com/

Click here for full report: https://pwc.to/2IdNVGF

The bull’s still not back but higher commodity prices continue to sustain a mood of cautious optimism among British Columbia miners, PricewaterhouseCoopers assures us. Its 50th annual report on B.C. mining sketched a broad picture of the province’s industry by surveying 13 companies, focusing on 15 operating mines, a smelter and seven projects in the exploration, permitting or environmental review stage.

Among survey participants, gross revenue hit $11.7 billion in 2017, a 35% jump from the previous year and reflecting an upward trend in the mining cycle. (Except for commodity prices, all figures are given in Canadian dollars.) Governments scooped up $859 million in total mining revenues from those companies last year, compared with $650 million in 2016. Continue Reading →

Editorial: sitting on a gold mine: Quesnel’s mining past may well be its future – by Melanie Law (Quesnel Cariboo Observer – May 12, 2018)

Quesnel Cariboo Observer

The Ministry of Energy, Mines and Petroleum Resources has declared May to be mining month, and as a city with its roots firmly planted in the industry, we’ve got a lot to celebrate.

The Cariboo Gold Rush attracted Canadians from across the country in the mid-1800s, as well as Americans, Brits and Chinese people hoping to find their fortune.

Quesnel is one of the many communities that became important in those days – hence the iconic gold pan, hundreds of times larger than an actual pan, located at the city’s northern entrance. Continue Reading →

Yes, anti-pipeline Vancouver really is North America’s largest exporter of coal – by Tristin Hopper (National Post – April 13, 2018)

http://nationalpost.com/

A city dead set against expanding petroleum exports is decidedly less irked about another type of fossil fuel

Lately, it’s one of the few things that oil boosters and environmental activists can agree upon: Calling Vancouver a hypocrite for opposing carbon emissions while also being the continent’s largest coal port.

And both camps are correct. According to the data, Canada’s mecca of anti-pipeline sentiment does indeed rank as the largest single exporter of coal in North America. Vancouver’s various coal facilities exported 36.8 million tonnes of coal in 2017, according to the Vancouver Fraser Port Authority.

This places the B.C. city well above Norfolk, Virginia, the busiest coal port in the United States. Despite a massive spike in U.S. coal exports for 2017, only 31.5 million tonnes of coal moved out of Norfolk last year. Continue Reading →

[Mount Polley tailings spill] Imperial’s VP environment talks remediation – by Alisha Hiyate (Canadian Mining Journal – April 2018)

http://www.canadianminingjournal.com/

Imperial Metals Mount Polley Mine Remediation & Monitoring Updates: https://bit.ly/2GO6obK

Vice-president ‘Lyn Anglin speaks about the aftermath of the Mount Polley tailings spill

When the Mount Polley tailings storage facility failed in August 2014, it sent 7.3 million cubic metres of fine tailings, 600,000 cubic metres of construction materials and 17 million cubic metres of water into the local watershed, uprooting trees and vegetation in its path and depositing the slurry in Hazeltine Creek, Quesnel Lake, Polley Lake and Edney Creek.

Three and half years later, the mine’s owner Mount Polley Mining Corp., a subsidiary of Imperial Metals, has spent about $70 million on rehabilitation efforts.

It also has 3.5 years’ worth of data from testing of water, aquatic life, soil and plants to assess the effects of the tailings facility breach, contained in thousands of pages of studies including post event environmental impact assessment reports, a human health risk assessment, and an ecological risk assessment, all of which are posted on its website. Continue Reading →

After Mount Polley: The activists and filmmaker behind the documentary ‘Uprivers’ – by Kevin Gulufsen (Juneau Empire – April 8, 2018)

 

http://juneauempire.com/

Indigenous activists Jacinda Mack and Carrie James come from two different countries and opposite ends of rivers their livelihoods depend on. One issue unites them: concerns over under-regulation of Canadian mining projects on the U.S.-Canada border.

Mack, a Canadian from the Indigenous Xat’sull community, hails from Williams Lake, a small town near the headwaters of the Fraser River. She’s experienced environmental disaster before.

In August 2014, a tailings dam failed at Mount Polley mine, sending 847 million cubic feet of mining waste into nearby rivers, places she used to harvest subsistence foods to feed her family. Continue Reading →

‘Is it climate change?’: Unexpected early thaw in B.C. a relief for Centerra Gold’s Mount Milligan mine – by Gabriel Friedman (Financial Post – March 23, 2018)

http://business.financialpost.com/

Climate change giveth, and climate change taketh away — that is, if you can attribute anything to climate change.

Last December, Toronto-based Centerra Gold Inc. shut down the mill at its Mount Milligan mine in British Columbia after anemic snowmelt runoff and an unexpected extreme cold snap froze the shallow supply of water in its tailing ponds. On Friday, the company announced that same mill resumed operating at near full capacity, ahead of schedule, thanks in part to an earlier-than-expected thaw. The company’s stock rose 2.2 per cent to $7.31 per share.

Scientists say that climate change is making water management increasingly difficult because weather patterns are less predictable, but Centerra’s chief executive Scott Perry expressed skepticism. Continue Reading →

Kitimat would be biggest loser if U.S. revokes tariff exemption – by Nelson Bennett (Business Vancouver – March 13, 2018)

https://biv.com/

Rio Tinto Alcan aluminum smelter employs 1,000, exports $600 million annually to U.S.

Vancouver’s shipbuilding and construction industries could pay more for steel and aluminum if the U.S. revokes an exemption granted to Canada under plans to impose 25% tariffs on steel imports and 10% tariffs on aluminum imports.

But no community in B.C. would suffer more than Kitimat under the tariffs if they result in a worst-case scenario: layoffs or even a complete shutdown of the Rio Tinto Alcan (NYSE:RIO) smelter there.

The smelter is Kitimat’s biggest employer and taxpayer. With a workforce of 1,000, it employs one out of every six people in the town of 6,400 inhabitants. It sells roughly $600 million worth of aluminum to the U.S. annually, so a 10% tariff would add $60 million to U.S. prices. Continue Reading →

British Columbia to reform Environmental Assessment Process in the fall – by Valentina Ruiz Leotaud (Mining.com – March 7, 2018)

http://www.mining.com/

The government of British Columbia revealed today the timeline that will guide the procedures to reform the province’s environmental assessment process.

Known by its initials, the EAP is a course of action to predict environmental effects of proposed initiatives, particularly mining and resource extraction projects, before they are carried out.

In general, an EAP should identify potential adverse environmental effects; propose measures to mitigate adverse environmental impacts; predict whether there will be significant adverse environmental effects after mitigation measures are implemented; and include a follow-up program to verify the accuracy of the environmental assessment and the effectiveness of the mitigation measures. Continue Reading →

Tech, mining make strange bedfellows in B.C. supercluster – by Tyler Orton (Business Vancouver – February 28, 2018)

https://biv.com/

B.C. technology, natural resources and health-care companies are partnering with post-secondary institutions to accelerate innovation in the province

In the 1990s, when flip phones were still pricey and 56K modems were a luxury, B.C.’s tech scene was not the guaranteed money-maker that now employs more than 100,000 people. “My dad told me, ‘You’ve got to get a job in mining or forestry because then you’ll have a job forever,’” recalled Edoardo De Martin, director of the Microsoft (Nasdaq:MSFT) Canada Excellence Centre.

New funding from Ottawa’s $950 million supercluster initiative will afford De Martin, who now leads the tech giant’s office in Vancouver, the opportunity to bridge the gap between his chosen profession and his father’s suggestion.

The supercluster program is intended to jump-start public-private partnerships within specific regions across the country to facilitate collaborations between companies and post-secondary institutions that don’t normally work together. Continue Reading →

Kamloops councillor proposes a no-mining buffer around B.C. communities – by Jenifer Norwell (CBC News British Columnbia – February 26, 2018)

http://www.cbc.ca/news/canada/british-columbia/

He’s promoting a 10-kilometre setback for mining projects

Kamloops city councillor Dieter Dudy wants to see mines in B.C. restricted to at least 10 kilometres from any city. He will present a motion to city council Tuesday proposing to take the plan to the Southern Interior Local Government Association and the Union of B.C. Municipalities.

If council supports his motion, it could start the process toward asking the provincial government to create the buffer. Dudy came up with the idea after seeing how a proposed KGHM Ajax mine polarized Kamloops.

“Most people weren’t necessarily against mining, what they were concerned about what the proximity to Kamloops,” said Dudy. Continue Reading →

B.C. appoints 12-member task force to review, strengthen mining industry (Financial Post – February 26, 2018)

http://business.financialpost.com/

CANADIAN PRESS: VICTORIA — The British Columbia government has appointed a 12-member task force of industry, Indigenous and labour leaders to measure the current state the provincial mining industry and to ensure its security.

Mines Minister Michelle Mungall says the group will provide an economic analysis of the mining sector and offer the recommendations to ensure job security for the industry during times of commodity price fluctuations.

Mungall says the task force has until this November to submit a report to her ministry, including recommendations for changes or amendments to current legislation or regulations. Continue Reading →

Mining company working with environmentalists to clean up old mining sites – by Christine Coulter (CBC News British Columbia – February 20, 2018)

http://www.cbc.ca/news/canada/british-columbia/

‘What we are trying to do is remove any possible pollutants,’ says Salmo Watershed Streamkeepers coordinator

Calgary-based mining company Margaux Resources has announced a plan to clean up old tailings sites by using new mining technologies to extract the remaining minerals.

Tailings have long been known to cause environmental damage including loss of animal habitats and contamination of soil, groundwater and waterways.

Margaux has partnered with the Salmo Watershed Sreamkeepers Society — a non-profit engaged in protecting and maintaining the Salmo River in southeastern B.C.— for the remediation project. Continue Reading →

Opinion: HD Mining allowed temporary foreign workers while Canadian miners are unemployed – by Brian Cochrane and Manuel Alvernaz (Vancouver Sun – February 19, 2018)

http://vancouversun.com/

Brian Cochrane is business manager at the International Union of Operating Engineers, Local 115; Manuel Alvernaz is business manager at the Construction And Specialized Workers’ Union, Local 1611.

Normally, when someone gets a lump of coal at Christmas, they are very unhappy about being recognized for their bad behaviour.

But not if they are a controversial coal mining company that was previously in deep trouble for hiring Chinese-speaking Temporary Foreign Workers for its coal mine near Tumbler Ridge in northeast B.C.

HD Mining created such a firestorm that the then-Conservative federal government of Stephen Harper had to make major changes to the Temporary Foreign Worker program that had allowed 338,000 non-Canadians get jobs in our country. Continue Reading →