Archive | Saskatchewan Mining

Nutrien pondering potash production increases – by Devan C. Tasa (Humboldt Journal/Yorkton This Week – June 13, 2019)

https://www.yorktonthisweek.com/

Nutrien is considering whether it should increase its potash production capacity by five million tonnes by 2023, then by another five million tonnes after that.

At an event for investors in Toronto on May 28, Susan Jones, Nutrien’s executive vice president for potash, said they have five million tonnes of capacity in place at existing operations that can be quickly brought online with minimal investment if there’s a need.

“In other words, all of this available capacity has already been bought and paid for over the last decade, putting us in a unique position as the only producer with available tonnes to move tonnes into the market quickly, nimbly and flexibly as needed,” she said. Continue Reading →

Port of Saint John becomes exporter of potash despite Sussex mine shutdown (CTV Atlantic – June 11, 2019)

https://atlantic.ctvnews.ca/

Pipelines have been controversial, but the so-called potash pipeline between Saskatchewan and Saint John has been a surprise success story even after our region’s only potash mine ceased production.

When potash mining abruptly came to an end three years ago in the Sussex area, the next domino that was expected to fall was the potash export terminal at the port of Saint John.

“In the worst-case scenario, we saw the potash terminal being mothballed, said Pat Riley of the International Longshoreman’s Association. “Without potash it just does not work.” But it is working, with potash mined in Saskatchewan and shipped by rail to New Brunswick. Continue Reading →

Millions at stake in Sask-Ottawa legal fight over uranium mine cleanup – by Francois Biber (CTV News – June 4, 2019)

https://saskatoon.ctvnews.ca/

The Province of Saskatchewan is suing the federal government for its share of the cleanup costs of what used to be the world’s largest uranium mine.

Saskatchewan has spent $135 million so far with total costs estimated at $280 million; the federal government has spent $1 million, Bronwyn Eyre, Saskatchewan’s minister of energy and natural resources, told reporters during a mine site visit. “I think any fair observer looking at that information would say that is not fair.”

Gunnar Mine, located 25 kilometres south of Uranium City near Lake Athabasca, began as an open pit uranium mine in 1954. It operated underground between 1957 and 1963. Continue Reading →

Estevan mayor criticizes NDP outreach on coal jobs – by Arthur White-Crummey (Regina Leader-Post – May 15, 2019)

https://leaderpost.com/

“It is time to move away from coal, but you don’t move away from the people,” NDP leader Ryan Meili said while pushing the province to support miners during the transition

With Saskatchewan miners facing the economic hammer blow of a looming coal phase-out, NDP Leader Ryan Meili is pushing the province to do more to blunt the damage. But he earned the ire of Estevan’s mayor by supporting the very policy that’s threatening the industry.

“I actually think it’s a good decision. It is time to move away from coal, but you don’t move away from the people,” Meili said. “And that’s what I think Saskatchewan is really missing here. They’re saying it’s someone else’s fault, so we won’t help.”

Mayor Roy Ludwig agreed that the province is dragging its heels, but he had a simple message for Meili: “We would rather keep our jobs, thank you very much.” Continue Reading →

Potash producer Nutrien eyes expansion as BHP ponders entry – by Rod Nickel (Reuters Canada – May 28, 2019)

https://ca.reuters.com/

WINNIPEG, Manitoba (Reuters) – Canada’s Nutrien Ltd, the world’s biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023, around the time that metals miner BHP Billiton is considering a move into potash.

In a presentation to investors in Toronto, Chief Executive Chuck Magro said the additional capacity would consist of expansions to existing Canadian mines during the next decade.

Nutrien currently has some 5 million tonnes of idled potash capacity due to soft prices in recent years. Continue Reading →

Who knew? There’s a global helium shortage — and it could pop more than balloons – by Gabriel Friedman (Financial Post – May 21, 2019)

https://business.financialpost.com/

But out of the vastness of southwestern Saskatchewan, a solution is emerging

Out of the vastness of southwestern Saskatchewan, a solution is emerging to a little-discussed problem — a gap in the global helium supply chain.

In recent years, as fears of a helium shortage creeped up, prospectors have journeyed to the Canadian heartland and drilled deep into the earth in search of helium; and at least one company there has already started commercially producing gas.

The ramifications of a helium pinch came into focus earlier this month when New Jersey-based Party City announced it had raised prices in certain categories of balloon in the face of “helium headwinds.” Its chief executive said “mother nature” would determine whether there’s enough helium to meet the company’s demand; and he demurred on whether prices would ever come down. Continue Reading →

Saskatchewan giving early consideration for small nuclear reactors – by David Baxter (Global News – May 16, 2019)

https://globalnews.ca/

Saskatchewan Premier Scott Moe has found anti-carbon tax allies in Ontario Premier Doug Ford and New Brunswick Premier Blaine Higgs. Moe said they have been discussing another power option too, small modular reactors.

Moe said talks around the technology are in the very early stages, but the door appears to at least be open a crack for the prospect of nuclear power in Saskatchewan.

“That’s not saying we’re moving ahead with that but we most certainly want to have the conversation around the clean supply of nuclear power in the province,” Moe said. Continue Reading →

BHP admits it ‘over-invested’ in Jansen mine – by Alex MacPherson (Saskatoon StarPhoenix – May 15, 2019)

https://thestarphoenix.com/

However, the company’s CEO told investors this week, it still considers the project east of Saskatoon ‘attractive.’

BHP “over-invested” in its massive Jansen potash mine, currently under construction east of Saskatoon, the Anglo-Australian company’s chief executive told investors this week.

However, Andrew Mackenzie said during a mining conference in Barcelona, BHP still considers the project “attractive” even though no final decision about its future has been made.

BHP has committed around US$3.9 billion to the project, but Mackenzie confirmed this week that it remains “uncertain” when the company’s board will make a decision about whether to proceed further. Continue Reading →

[Saskatchewan] ‘The sky’s the limit’: mining industry given boost through incentive – by Taylor Braat (Global News – May 7, 2019)

https://globalnews.ca/

An incentive for the mineral industry is increasing the amount of drilling activity in an area near Creighton, creating opportunities for future mining investment in Saskatchewan. The Targeted Mineral Exploration Incentive (TMEI) is part of the province’s Mineral Development Strategy, announced in 2017.

The 2019-20 budget supports the strategy by providing the overall funding level for the TMEI program, which is established on an annual basis, to a maximum of $750,000 per year.

Seven successful applications were received for the 2018-19 incentive program, indicating a total of 110 new drill holes, and proposed expenditures of more than $6.5 million in the eligible area. “We’re very pleased to see that there have been some positive developments out of this,” said Minister of Energy and Resources Bronwyn Eyre. Continue Reading →

Exploration incentive boosts mining investment and activity in Saskatchewan (Yorkton This Week – May 7, 2019)

https://www.yorktonthisweek.com/

The Targeted Mineral Exploration Incentive (TMEI) is leading to increased drilling activity for base metals, precious metals and minerals in a defined target area near Creighton and creating tangible opportunities for future mining investment in Saskatchewan.

Developed in consultation with industry, TMEI is part of the Government of Saskatchewan’s Mineral Development Strategy announced in 2017. The 2019-20 Budget continues to support this strategy by providing the overall funding level for the TMEI program, which is established on an annual basis, to a maximum of $750,000 per year.

Seven successful applications were received for the 2018-19 incentive program, indicating a total of 110 new drill holes and proposed expenditures of more than $6.5 million in the eligibility area. Some examples of metals and minerals being explored for include: copper, gold, nickel and zinc. Eligible companies will receive a grant of up to $50,000 per year for drilling in the target area. Continue Reading →

Sponsored Content: Little House of Gold on the Prairie: Gold Exploration in Saskatchewan (Investing News Network – April 24, 2019)

Investing Network News

Gold exploration in Saskatchewan is an overlooked but promising segment of the industry in a stable jurisdiction with the least amount of regulatory uncertainty of any Canadian province.

When discussing mining in Saskatchewan, uranium and potash take most of the attention and there is good reason why. Saskatchewan’s uranium and potash reserves are of global significance. Resource size, purity and accessibility are key to Saskatchewan’s C$6.7 billion in mineral sales last year.

Gold exploration in Saskatchewan would seemingly be an afterthought. After all, Ontario and Quebec produced roughly 75 percent of Canada’s total gold in 2017. By comparison, Canada’s prairie provinces of Alberta, Saskatchewan and Manitoba produced a mere 3.8 percent combined. A 2012 report into Saskatchewan’s gold potential reveals just how underexplored the province is despite historic and current operations. Continue Reading →

California company backed by Gates, Bezos staking claims in Sask. – by Alex MacPherson (Saskatoon StarPhoenix – April 26, 2019)

https://thestarphoenix.com/

KoBold Metals, which is based in California, is looking for ethical sources of cobalt, which is used in electric car batteries.

An American startup whose search for cobalt for batteries is backed by some of the world’s wealthiest people, including Bill Gates and Jeff Bezos, is staking claims in the northeast corner of Saskatchewan.

Public records show Faith in Gravity Holdings Inc., which is registered in British Columbia, staked its mineral claims this month. The holding company’s directors are the top three executives of California-based KoBold Metals.

Kobold Metals has raised money from the California venture capital firm Andreesen Horowitz as well as Breakthrough Energy, a two-year-old fund backed by, among others, Gates, Bezos, Richard Branson and Michael Bloomberg. Continue Reading →

C-69 could hinder future uranium developments: Cameco – by Alex MacPherson (Saskatoon StarPhoenix – April 25, 2019)

https://thestarphoenix.com/

Cameco has put the brakes on uranium developments but believes C-69 “won’t help” when the time comes to build a new mine. Canada’s largest uranium mining company says the federal government’s proposed environmental assessment legislation will add time and uncertainty to the process of getting new projects approved.

While Cameco Corp. recently put the brakes on its uranium developments in Saskatchewan and Australia in the face of persistently weak prices, the company maintains that new supply will eventually be needed.

When that happens, Cameco CEO Tim Gitzel said, Bill C-69 — which will subject uranium miners to what the Canadian Mining Association has called the “additional hurdle” of a full panel review — will add time and uncertainty. Continue Reading →

Environmental concerns raised after CanPacific proposes new potash mine near Regina (CBC News Saskatchewan – April 2, 2019)

https://www.cbc.ca/news/canada/saskatchewan/

CanPacific documents say majority of site would be on cultivated land

An environmental group is expressing concern about a proposed 3.25 million-tonne per year CanPacific Potash mine near the village of Sedley, Sask.

CanPacific submitted its final environment impact statement to the province in January, the company says, and the project is pending environmental assessment approval.

Trevor Herriot, spokesperson for the group Public Pastures — Public Interest, said his concerns began when he read the environmental impact statement for the proposed mine near Sedley, which is about 50 kilometres southeast of Regina. Continue Reading →

Strong Demand From Farmers For Crop-Boosting Potash Triggers A Mining Rush – by Tim Treadgold (Forbes Magazine – March 20, 2019)

https://www.forbes.com/

Tim Treadgold has been writing about the mining and oil industries for more than 40 years.

Rising prices for potash, an important fertilizer which boosts crop yields, has sparked a rush in the mining industry as big and small companies look for ways to cash in.

BHP, the world’s biggest miner, has the most ambitious plan as it mulls the best time to start production at its $10 billion Jansen project in Canada. But even in Britain, a country which closed most of its mines decades ago, is working towards starting a $3 billion potash mine in North Yorkshire.

Other potash project developers in locations as far apart as Australia and Eritrea, on the horn of Africa, are hoping to catch strong demand from farmers who use the fertilizer which helps crops retain water while also improving their taste and overall quality. Continue Reading →