Twitter
Boston-Bay-Mines-Announcement

British Columbia Mining

It is time for a new look at Windy Craggy – by Bruce Downing and Rick Van Nieuwenhuyse (North of 60 Mining News – September 26, 2020)

https://www.miningnewsnorth.com/

N’tsi Tatay, more widely known as the Windy Craggy Project, is one of North America’s largest resources of cobalt with excellent copper, zinc, gold, and silver grades hosted in an Upper Triassic Besshi-style volcanogenic massive sulphide.

It is located in the northwestern corner of British Columbia within a regional scale volcano-sedimentary basin, termed Alta Basin, which is a mineralized belt that has the potential for future discoveries. Other known sulphide prospects occur within 15 kilometers (nine miles) of N’tsi Tatay.

Read more

More investors push Glencore to keep coal post-Teck deal – by Clara Denina and Simon Jessop (Reuters – March 22, 2024)

https://www.reuters.com/

LONDON, March 22 (Reuters) – A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the environmental benefits of keeping the fuel in-house.

Echoing a demand last week by activist Tribeca Investment Partners, investors said the polluting fossil fuel would be a lucrative option – for a decade or two at least – even as it is phased out in favour of renewable energy.

Read more

British Columbia funds new extraction technology – by Staff (Mining.com – March 20, 2024)

https://www.mining.com/

The British Columbia government has invested C$850,000 ($630,000) from the province’s Innovative Clean Energy (ICE) Fund in cleantech startup pH7 Technologies.

The funds will be used to support a pilot project to process 5,000 kg per day of raw materials into approximately 2,500 kg of extracted platinum group metals per year.

Read more

Cleanup for pollution from Teck coal mines will top $6.4-billion, assessment claims – by Wendy Stueck (Globe and Mail – March 19, 2024)

https://www.theglobeandmail.com/

It will cost at least $6.4-billion to tackle selenium contamination from Teck Resources Ltd.’s Elk Valley coal mines, according to a new report – far exceeding a $1.9-billion security bond required by the B.C. government to cover cleanup costs.

The report, commissioned by environmental group Wildsight, bases its price tag on calculations of what it would cost to implement Vancouver-based Teck’s current plan of building water treatment plants through to 2027 and then running them for 60 years.

Read more

Why B.C. is a preferred jurisdiction for mining headquarters – by Nelson Bennett (Business In Vancouver – March 15, 2024)

https://www.biv.com/

Canadian securities regulations, local expertise makes Vancouver a junior mining mecca

Pick any mining jurisdiction in the world—Mexico, Chile, the Democratic Republic of Congo (DRC)—and you are likely to find at least one mining or exploration company there that is headquartered in Vancouver. As of 2022, there were 944 publicly listed mining and mineral exploration and development companies headquartered in B.C., according to the BC Securities Commission (BCSC).

Most of these companies don’t have mines or exploration projects in B.C. or even Canada, for that matter. Some operate in far-flung frontiers—places such as Guatemala, Mali and the DRC, which can be politically risky and even downright dangerous.

Read more

OPINION: Coal is dead, or at least was, according to the ESG crowd. Long live coal – by Eric Reguly (Globe and Mail – March 16, 2024)

https://www.theglobeandmail.com/

For the resources industry, the trick to meeting ESG standards was pretty simple: sell your dirty fuels, especially coal. If you did, investors who cared about the health of the planet would love you, and your company’s valuation would go up.

The formula seemed solid a few years ago, and a big number of mining giants sold or spun off their coal assets. Canada’s Teck Resources was the latest to pursue the black-to-green transition with the sale, announced last year but not yet approved by Ottawa, of its metallurgical coal business to Switzerland’s Glencore.

Read more

Two major mining prospects could put B.C. on the nickel mining map – by Nelson Bennett (Business In Vancouver – December 6, 2024)

https://www.biv.com/

The Baptiste and Turnagain mines would represent $8 billion in capital investments and would contribute significantly to Canada’s nickel production

Canada is the world’s sixth-largest nickel producer, with roughly 130,000 million tonnes of nickel produced in Ontario, Quebec, Manitoba and Labrador annually. There are currently no nickel mines in B.C., but a growing demand for the metal from the electric vehicle market, and a federal strategy that promotes critical mineral self-sufficiency in Canada, could change that.

There are now two very large nickel mines proposed for B.C., representing a potential investment of roughly $8 billion: The FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) Baptiste project near Fort St. James and the Giga Metals (TSX-V: GIGA) Turnagain project near Dease Lake in northwest B.C.

Read more

Gold mine with history of contaminating B.C. creek fined $276K – by Betsy Trumpener (CBC News British Columbia – March 15, 2024)

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

Barkerville Gold Mines’ penalty reduced in part because of COVID restrictions on business: report

A gold mining company that discharged contaminants into a B.C. creek more than a thousand times since 2017 has now been fined over $275,000 for its most recent violations of environmental rules, according to a March 2024 report from the Ministry of Environment and Climate Change Strategy.

Barkerville Gold Mines, owned by Osisko Development since 2019, operates two gold mines and a processing mill east of Quesnel, B.C., in the mountainous Cariboo region about 440 kilometres north of Vancouver. The environmental violations took place at its underground Bonanza Ledge gold mine.

Read more

B.C.’s multimillion-dollar mining problem – by Francesca Fionda, Jeffery Jones and Chen Wang (Globe and Mail/The Narwhal – February 24, 2024)

https://www.theglobeandmail.com/

The true cost of cleaning up mine pollution in B.C. is growing, a Globe and Mail-Narwhal investigation has found – and if disaster strikes, taxpayers could be stuck with an even bigger bill

When John Morris Sr. is asked where the sacred sites on the Taku River are, his answer comes easily. “This whole place is sacred,” the 84-year-old Elder says. In the spring, all five species of North American salmon fight the current to spawn. In the summer, bright orange salmon berries speckle the landscape.

Mr. Morris, a member of the Douglas Indian Association in southeast Alaska, said his grandparents, aunt, uncle and parents always reminded him that everything they needed was provided by the land there.

Read more

B.C. scraps plans to amend legislation that would give First Nations more say over public land – by Justine Hunter (Globe and Mail – February 22, 2024)

https://www.theglobeandmail.com/

The B.C. government has scrapped its plans to amend the Land Act in the spring legislative session, changes that would have allowed joint decision-making with Indigenous communities about public land, after a hasty public consultation process prompted a widespread backlash.

“This touched a nerve,” said Nathan Cullen, Minister of Water, Land and Resource Stewardship, who announced the policy retreat on Wednesday after a cabinet meeting. “The path that we are on is the path that we will maintain. The pace at which we do it is an important issue that was raised by hunting and fishing organizations, by resource groups – and we listened.”

Read more

Opinion: Plan to co-manage public land with First Nations will close B.C. for business – by Niels Veldhuis and Jason Clemens (Financial Post – February 8, 2024)

https://financialpost.com/

Changes to province’s Land Act will be a death knell for investment

In a move that surprised both British Columbians and Canadians across the country, B.C.’s NDP government intends to change the province’s Land Act and essentially establish a co-management partnership with more than 200 First Nations, who will become joint landlords of more than 90 per cent of B.C. and own veto power over any land-use decisions.

The NDP, which holds 56 of 87 seats in the provincial legislature, plans to table the proposal in the spring. If passed, the revised act will represent a massive barrier to infrastructure projects in the province and a death knell for investment. That is the last thing the province needs.

Read more

Report reveals huge impact from mining in Prince George – by Sam Bennison (CKPG Today – January 18, 2024)

https://ckpgtoday.ca/

PRINCE GEORGE— A new report by the Mining Association of British Columbia (MABC) and the Mining Suppliers Association of BC (MSABC) shows that in 2022, Prince George received $237 million through mining and smelting sector purchasing goods and services from business in the area.

In total, British Columbia’s mining and smelting sector contributed $3.7 billion to 200 local and First Nations communities by purchasing goods and services from nearly 4,000 BC-based businesses in 2022.

Read more

New critical mineral mines in British Columbia could generate nearly C$600 billion, study says – by Amanda Stutt (Mining.com – January 8, 2024)

https://www.mining.com/

In the province of British Columbia, 16 proposed critical mineral mines, worth C$36 billion in near-term investment, 300,000 person-years of employment and C$11 billion in tax revenues, are at a critical juncture, a new independent economic impact analysis conducted for the Mining Association of British Columbia (MABC) has found.

There are currently 10 metal mines, seven steelmaking coal mines and two smelters operating in BC, which is regarded as a key global mining jurisdiction. BC is Canada’s leading producer of copper and steelmaking coal, second largest producer of silver, and only producer of molybdenum, MABC said.

Read more

Teck ditches coal, flags lower copper output in Chile – by Cecilia Jamasmie (Mining.com – January 4, 2024)

https://www.mining.com/

Teck Resources (TSX: TECK.A, TECK.B) (NYSE: TECK) has kissed coal goodbye after closing the sale of its minority stake in steelmaking coal operations to Japan’s Nippon Steel Corp. and South Korean steelmaker Posco.

Nippon Steel now has a 20% interest in Teck’s coal business, known as Elk Valley Resources. In exchange, the Japanese firm gave up its prior 2.5% stake in one of Teck’s coal operations and has paid $1.7 billion in cash.

Read more

Newsmakers 2023: End of an era for Vancouver mining giant Teck – by Nelson Bennett (Business In Vancouver – December 21, 2023)

https://biv.com/

Vancouver-based Teck Resources sacrifices most profitable assets on altar of ESG

One of the biggest B.C. business news stories of 2024 was the announcement Teck Resources (TSX:TECK.B, NYSE:TEK), B.C.’s biggest miner and Canada’s only diversified mining major, will sell its most profitable assets – its B.C. coal mines – to an even bigger diversified mining major: Switzerland’s Glencore plc (LSE:GLEN).

For $9 billion, Glencore will acquire a 77 per cent interest in Teck’s four steelmaking coal mines in B.C., collectively called Elk Valley Resources (EVR), with Nippon Steel and South Korea’s POSCO owning the balance in a deal totalling $12 billion. EVR will also own 46 per cent of Neptune Terminals in North Vancouver.

Read more