Opinion: Unleash the Montney: Canada’s world-class gas field is waiting to be tapped – by Heather Exner-Pirot (Financial Post -September 29, 2022)

https://financialpost.com/

The Montney Formation is a gift from the gods. But in Canada, it may well remain a geological marvel instead of an economic one

Straddling the B.C.-Alberta border lies the most valuable Canadian resource you’ve never heard of: the trillion-dollar Montney Formation, a giant gas field the size of New Brunswick and Nova Scotia combined. Its potential is huge but its future is uncertain. With the federal government’s proposed emissions cap, it may remain a sleeping giant.

The Montney Formation is a colossus, bigger even than the U.S.A.’s renowned Marcellus field, which helped set off the shale revolution. Largely overlooked before the innovation of hydraulic fracturing and horizontal drilling made it economically viable to exploit, it is now tapped to supply the nascent west coast LNG industry.

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Standard Lithium retools operations after short seller’s attacks – by Ernest Scheyder (Yahoo Finance/Reuters – September 7, 2022)

https://ca.finance.yahoo.com/

Standard Lithium Ltd is trying to become the first new U.S. source of lithium for electric vehicle batteries in decades, a bullish target fueled in part by technical and engineering changes the company is making in response to accusations that its technology does not work.

Vancouver, British Columbia-based Standard is among a wave of companies, including mining major Rio Tinto Ltd, trying to use direct lithium extraction (DLE) technologies https://www.reuters.com/business/sustainable-business/new-lithium-technology-can-help-world-go-green-if-it-works-2022-04-07 to supply the battery metal to the EV industry.

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Giga Metals, Mitsubishi to jointly develop Turnagain nickel deposit in Canada – by Cecilia Jamasmie (Mining.com – August 15, 2022)

https://www.mining.com/

Junior Giga Metals (TSX-V: GIGA) and global trading and investment firm Mitsubishi Corporation agreed on Monday to form a joint venture company, Hard Creek Nickel Corp, to develop the Turnagain nickel-cobalt deposit in northern British Columbia.

As part of the deal, Mitsubishi will acquire a 15% equity interest in the joint venture firm for C$8 million ($6.2m) cash. Giga will receive an 85% equity interest in Hard Creek in exchange for contributing all related assets for the Turnagain project, its core asset. It will also be the project administrator.

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ROM installs germ-destroying copper to keep patrons safe – by Christine Sismondo (Toronto Star – August 16, 2022)

https://www.thestar.com/

B.C. company Teck partnered with TTC, ROM and other high-traffic public spaces to make surfaces safer.

The vast majority of folks headed into the new “Fantastic Beasts” exhibit at the Royal Ontario Museum (ROM) will probably be so excited about all the magical creatures they’re about to see that they’ll completely miss a little bit of wizardry at the entrance.

To be fair, since it looks like an ordinary pair of door handles, it’s pretty easy to miss. The door handles do have a superpower, though, namely, the ability to kill germs and viruses in the blink of an eye. It isn’t actually magic. It’s science. The handles are made of copper, a metal with antimicrobial properties.

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A 72-year mining opportunity at KSM – by Shane Lasley (North of 60 Mining News – August 5, 2022)

https://www.miningnewsnorth.com/

Following the 33 years of surface mining outlined in a recent prefeasibility study, the KSM project in British Columbia’s Golden Triangle would still have enough resources to support an additional 39 years of underground mining, according to a new preliminary economic assessment prepared for Seabridge Gold Inc.

In early July, Seabridge published the results of a prefeasibility study for an open-pit mining operation at KSM that would produce an average of more than 1 million ounces of gold, 3 million oz of silver, 178 million pounds of copper and 4.2 million lb of molybdenum annually for 33 years.

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Teck CEO Don Lindsay to retire after 17 years amid record returns – by Naimul Karim (Financial Post – July 28, 2022)

https://financialpost.com/

Lindsay will be replaced by CFO Jonathan Price

Teck Resources Ltd. chief executive Don Lindsay announced his retirement after 17 years at the helm of one of Canada’s leading mining companies. During Lindsay’s tenure, Teck delivered “record financial and operational results and returned significant capital to shareholders,” the Vancouver-based company said in a press release on July 26.

Under Lindsay, who was appointed CEO in 2005, the diversified miner also built a strong copper pipeline and marked the start of its ambition to rebalance its portfolio towards metals as opposed to coal and oilsands operations.

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American environmentalists take aim at B.C. mines – by Nelson Bennett (Business In Vancouver- July 14, 2022)

https://biv.com/

Environmental groups want tailings ponds in B.C. banned

American environmental groups are taking aim at B.C.’s “industrial gold rush” and calling on President Joe Biden to call on the Canadian government to ban tailings dams.

Four American environmental groups are pointing to a report commissioned by the BC Mining Law Reform and SkeenaWild Conservation Trust that analyzes the risks of tailings pond failures in B.C. They are zeroing in on two mines in particular – one already in operation, Copper Mountain in southern B.C., and one proposed, the KSM mine in northwestern B.C.

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Teck Resources to start emissions-capture pilot at B.C. smelter in 2023 – by Gabriel Friedman (Financial Post – June 29, 2022)

https://financialpost.com/

Company is looking to implement the technology in time to meet its 2030 emissions targets

Teck Resources Ltd. will attempt to capture carbon dioxide and other greenhouse gas emissions from its lead, zinc and silver smelter in Trail, B.C. by the middle of 2023, an early step in its pledge to reduce emissions by a third by 2030 and to reach net-zero by 2050.

Carbon capture, utilization and storage (CCUS) is an emerging technology that sequesters CO2 emissions from industrial sites before they are released into the atmosphere, and instead permanently stores them underground. Already, captured CO2 can be used for enhanced oil recovery and in the future, companies hope to develop technology to repurpose the gas into new products such as jet fuel.

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Operator of Red Dog zinc mine in Northwest Alaska advances plans that could lead to large expansion – by Alex DeMarban (Anchorage Daily News – June 16, 2022)

https://www.adn.com/

The company that operates the Red Dog zinc mine in Northwest Alaska is seeking state and federal approval for a multi-year exploration plan in the area that could one day lead to a large expansion of its operations.

Teck American, a subsidiary of Teck Resources in Canada, has applied with the Alaska Department of Natural Resources to build a 10-mile exploration road, plus bridges and related facilities, the agency said in a public notice last week. The road would extend from the mine to two large new prospects to the north, known as Aktigiruq and Anarraaq.

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U.S. wants Canada to join investigation of cross-border pollution from B.C. coal mines – by Bob Weber (CBC News British Columbia/Canadian Press – June 15, 2022)

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

The United States government, including President Joe Biden’s White House, has joined calls for Canada to participate in a probe of cross-border pollution coming from coal mines in southern British Columbia.

In a statement released last week, the U.S. State Department said Biden supports a joint investigation of selenium coming from Teck Resources’ Elk Valley coal mines, which flows into rivers and lakes south of the border.

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Teck Resources donates thousands of hectares of land for conservation – by Jeffrey Jones (Globe and Mail – June 6, 2022)

https://www.theglobeandmail.com/

Teck Resources Ltd. is donating 14,000 hectares of land in Canada and Chile for conservation as part of a plan to preserve or rehabilitate three times as much area as it disturbs by 2030.

Teck, a Vancouver-based copper, zinc and coal miner, said the effort includes donations of tracts of land in eastern British Columbia to the Nature Conservancy of Canada (NCC). It is also partnering with Chile’s Ollagüe Quechua Indigenous community to protect wetlands near the company’s Quebrada Blanca operations, close to the Bolivian border. The donations will be equivalent to 40 per cent of the company’s mining footprint.

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Historic day for BC mining, First Nations – by Shane Lasley (Mining News North of 60 – June 6, 2022)

https://www.miningnewsnorth.com/

Tahltan, Skeena, province sign landmark mine permitting pact

Tahltan Central Government, Skeena Resources Ltd., and British Columbia have signed a landmark agreement that reshapes the mine permitting process in Tahltan Territory, the province, and potentially across all of Canada.

Under this historic pact, Skeena’s Eskay Creek gold-silver project will be the first proposed mine in BC to have permits authorized by an indigenous government, marking a significant step toward incorporating the principles of the United Nations Declaration on the Rights of Indigenous Peoples, commonly referred to as UNDRIP or the Declaration Act, into the environmental assessment process.

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Early Chinese Canadian gold miners remembered for their contribution to B.C.’s Cariboo communities – by Winston Szeto (CBC News British Columbia – May 20, 2022)

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

Many places in the Cariboo, Prince George named after early Chinese Canadian miners Ah Bau and Chew Nam Sing

For May’s Asian Heritage Month in Canada, two historians in B.C.’s Interior are remembering the legacies of two early Chinese Canadian miners.

For more than a decade, Lorna Townsend in Quesnel and Richard Wright in Kamloops have both studied the history of Ah Bau and Chew Nam Sing, two of the most well-known pioneers among an estimated 5,000 people who came from China to B.C.’s Cariboo region in the late 19th century to prospect for gold.

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Deconstructing Ross Beaty: Exclusive interview at the Mining Legends Speaker Series – by Alisha Hiyate and Amanda Stutt (Northern Miner – May 3, 2022)

Global mining news

The Mining Legends Speaker Series kicked off with an inaugural in-person event in Vancouver featuring mining entrepreneur and Canadian Mining Hall of Fame inductee Ross Beaty and rising talent Maggie Layman, vice-president of Osisko Development (TSXV: ODV).

Organized by The Northern Miner, the Canadian Mining Hall of Fame and Young Mining Professionals, the series pairs CMHF inductees with accomplished young talent to bridge the knowledge gap in the mining industry and give the audience a chance to ask questions, share knowledge and discuss the future of mining.

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Teck may unload oil sands unit, but met coal unit sale likely on hold: analyst – by Niall McGee (Globe and Mail – April 27, 2022)

https://www.theglobeandmail.com/

Surging coal prices mean that Teck Resources Ltd. may put off selling its metallurgical coal unit indefinitely, but the recovering oil price could see Canada’s biggest diversified miner unload its oil sands unit, says Shane Nagle, analyst with National Bank Financial Inc.

Last year, The Globe and Mail reported that Vancouver-based Teck was exploring the sale of its coal unit. While the biggest by far of Teck’s divisions from a profit and revenue perspective, coal is problematic from an environmental, social and governance aspect.

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