Archive | British Columbia Mining

Failure of Water Treatment Plant at B.C. Coal Mine Raises Downstream Concerns – by Tristan Scott (Flathead Beacon – June 20, 2017)

As British Columbia’s downstream neighbour, Montana has long been concerned about mining pollution spilling across the international border and into its world-class watersheds — fears that a growing body of research and evidence confirms are well founded.

Most recently, conservation groups and scientists on both sides of the border have renewed their calls for Teck Resources to halt new coal mines in the Elk River Valley, a step they say gained urgency when an experimental water treatment facility designed to stem the flow of a mining contaminant called selenium was taken offline because it was releasing an even more biologically toxic form of the heavy metal.

The trouble brewing in the Elk River is equally worrisome for Montana, where the upstream waterways of British Columbia flow into two shared bodies of water straddling the international boundary — Lake Koocanusa and the Kootenai River. Continue Reading →

Three-year deadline to lay charges for Mt. Polley dam failure approaching fast – by Gordon Hoekstra (June 20, 2017)

http://vancouversun.com/

A deadline looms for provincial charges to be laid in the failure of the tailings dam at Imperial Metals’ Mount Polley mine, but the B.C. Conservation Officer Service says the investigation has not finished.

There is a three-year time limit to lay charges under B.C.’s Environmental Management Act. The deadline is less than two months away, on Aug. 4. The conservation service has been leading a joint investigation with the federal Environment and Fisheries departments.

Chris Doyle, deputy chief of the B.C. Conservation Officer Service, said Tuesday that when the investigation is complete, the findings will be forwarded to Crown counsel for review and to determine what charges will be laid, if any. Continue Reading →

Teck dumping unjustified – by Staff (Mining Journal – June 19, 2017)

http://www.mining-journal.com/

The market’s reaction to Teck Resources’ (CN:TECK.A) expected realised coking coal price announced late last week shows a misunderstanding of how the stock’s coal business works and an underappreciation for the overall business, according to BMO Capital Markets.

Teck said second quarter 2017 prices for coking coal sold under quarterly contracts had been established based on an average of three assessments – a new system for Teck that will be carried forward – resulted in an average price of US$190 per tonne.

This fed through to an average realised coal price for Teck of US$160-165/t, considerably lower than the quarterly benchmark price and Teck’s usual average realised price for the second quarter. Continue Reading →

NDP-Green alliance seems not to care about any Canadians living east of the Rockies – by Kelly McParland (National Post – June 6, 2017)

http://news.nationalpost.com/

Hostage-takers rarely endear themselves to their targets. During its reign as a danger to Confederation, Quebec won many concessions by regularly brandishing the threat of separation, but succeeded also in isolating itself while earning the enmity and resentment of much of the country.

Fortunately, those ugly years are fading with the decline of the Parti Québécois and its aging adherents. In its place we have British Columbia’s new hardline Green-NDP alliance with its intense focus on its narrow agenda, and dismissive approach to the interests of its neighbours and fellow Canadians.

The recent B.C. election left the Greens and New Democrats able to cobble together a wobbly alliance with a single-seat advantage over the Liberal government. NDP leader John Horgan and Green leader Andrew Weaver — the latter boasting just three of the 87 seats in the legislature — quickly reached a deal predicated on a radical reworking of the economy, with particular emphasis on opposition to energy projects of national importance. Continue Reading →

Coming B.C. NDP-Green agenda means province is next in line for an energy shock – by Claudia Cattaneo (Financial Post – June 9, 2017)

http://business.financialpost.com/

Here we go again. A new government is elected with unrealistic promises to restructure the energy system and new uncertainty is created for all those whose livelihood depended on the old one.

The next jurisdiction in line for an energy shock is British Columbia, where an NDP-Green coalition is poised to form government and planning energy reforms that make those of the Alberta NDP and the Federal Liberals look like a warm up.

The reforms are expected to scuttle all types of energy projects that aren’t in the right shade of green. The Trans Mountain pipeline expansion (oil), the Site C dam (hydro), liquefied natural gas (natural gas), shale plays like the Montney (natural gas) are now at the mercy of the new rulers. Continue Reading →

Taseko Mines in court to appeal defamation ruling (CBC News British Columbia – June 7, 2017)

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

Taseko Mines is in court today to appeal a 2016 ruling that an environmental organization’s criticism of their mining project did not constitute defamation. The Wilderness Committee, who won the case, argues the lawsuit was designed to silence critics of the company’s proposed New Prosperity mine.

“We absolutely need legislation to protect citizens … from being harassed from companies like this,” said Joe Foy, national campaign director for the Wilderness Committee

In the original case, the alleged defamatory statements against Taseko Mines originated in three articles posted on the Wilderness Committee’s website, claiming the open pit gold and copper mine would turn nearby Fish Lake into a “dump site for toxic tailings.” Continue Reading →

NEWS RELEASE: Mining Community Raises $1.5 Million for BC Children’s Hospital

http://www.miningformiracles.ca/

VANCOUVER, BC–(Marketwired – June 06, 2017) – Mining for Miracles, BC’s mining community’s longstanding fundraising campaign for BC Children’s Hospital, presented a cheque for $1,552,505 at the 30th BC Children’s Hospital Miracle Weekend on June 4, 2017.

In 2017, representatives from across the industry participated in fundraising initiatives and events such as Jeans Day™, the Diamond Draw, Slo-Pitch, the Hooked on Miracles Fishing Tournament, and the Teck Celebrity Pie Throw.

Every year volunteers from the mining community work together through Mining for Miracles to help improve the quality of health care for children in British Columbia. Through its support of the construction of facilities and acquisition of specialized medical equipment at the hospital, Mining for Miracles is helping to keep BC Children’s Hospital at the forefront of pediatric care excellence. Continue Reading →

B.C. mining towns bounce back – by Scott Simpson (Western Investor – May 30, 2017)

http://www.westerninvestor.com/

Mining companies are proving pundits wrong as Kootenays and Cariboo industries regain their glitter

One year ago, the share price for B.C.’s largest mining company, Teck Resources Ltd., had fallen below $4, and some analysts were predicting it would follow more than a dozen American coal mining companies into bankruptcy. One analyst predicted the company’s stock would drop to $1 per share.

One year later, the company’s stock has moved back above $30, and Teck CEO Don Lindsay stood in front of his industry peers and cheerily dished out some crow for those analysts at the Association for Mineral Exploration BC’s (AME BC) Roundup 2017 conference in Vancouver.

“We had analysts and prognosticators telling us that we would never recover and that the industry was doomed,” Lindsay said. “Next time you see that, buy Teck.” For the first time in four years, there was a sense of optimism at the annual conference that the mining and exploration sectors have survived one of the worst downturns ever and have good prospects ahead. Continue Reading →

NEWS RELEASE: IDM Mining Announces the Passing of Donald A. McLeod

Click here for Canadian Mining Hall of Fame Profile:  http://www.republicofmining.com/2017/01/12/donald-a-mcleod-b-1928-2017-canadian-mining-hall-of-fame-inductee/

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 29, 2017) – IDM Mining Ltd. (TSX VENTURE:IDM)(OTCQB:IDMMF) (“IDM” or the “Company”) is saddened to announce the passing of Stewart BC.-raised miner, mine-builder and Canadian Mining Hall of Fame inductee: Mr. Donald (“Don”) A. McLeod.

Along with his late brother Ian, Don McLeod’s legacy and impact on the mining community in northwest British Columbia, the Company was inspired to be named IDM Mining in their honor. The Company’s flagship Red Mountain Gold Project, currently in feasibility with ongoing exploration drilling, is located 15km east of Stewart.

“Uncle Don inspired me to study geology and enter the mining business; however his greatest impact on me was his hustle and leadership, pursuing his golden dreams in the Golden Triangle. The opportunities he gave to both young, ambitious mining entrepreneurs and hard-working northerners during his career are an example to all of us at IDM,” said Rob McLeod, President and CEO of IDM Mining. Continue Reading →

A minority government in British Columbia means political risk just skyrocketed for resource projects – by Claudia Cattaneo (Financial Post – May 26, 2017)

http://business.financialpost.com/

British Columbia’s election results are finally in. No matter how you cut them, they are not encouraging for planned resource projects. Those that are already advanced, like Kinder Morgan’s Trans Mountain pipeline expansion and some liquefied natural gas proposals, may try to march forward. A lot of money has been spent and such projects are designed to withstand electoral change over decades.

There is no denying that if B.C. was a risky place to do business when it had a majority Liberal government, due to its unique combination of having an aggressive environmental lobby and a powerful aboriginal population. But now that the Liberals have been reduced to a minority and will need the support of the Greens to stay in power — or that the left-leaning NDP and the Greens could get together to form a government of their own — the political risk has skyrocketed.

To be sure, B.C. is known as a place of wacky politics. The difference this time is that the world is watching, since much of the cash on the line comes from abroad, whether Malaysia, Europe or the United States. Continue Reading →

South32 Needs a Spouse in a Hurry: Merge With Teck Resources – by David Fickling (Bloomberg News – May 19, 2017)

https://www.bloombergquint.com/

(Bloomberg Gadfly) — For all the debate about activist investor Elliott Management Corp.’s assault on the mining company now rebranding itself as BHP, there’s another question investors should be pondering: What’s going to become of Billiton?

South32 Ltd., the company spun out of BHP Billiton Ltd. in 2015 and consisting largely of sub-scale assets brought into the business in its 2001 merger with Billiton Plc, has put in a creditable performance of late.

As Elliott would be happy to point out, South32’s shares have risen about 28 percent since the split, compared with a 21 percent drop at its larger sibling. After two years of losses, analysts expect $1.24 billion of net income in the year through June. In a mining industry still groaning under the weight of its debts, South32’s $859 million net cash pile is the biggest after Coal India Ltd. and Hindustan Zinc Ltd. Continue Reading →

AuRico Gold, First Nations ink impact benefit accord – by Henry Lazenby (MiningWeekly.com – May 19, 2017)

http://www.miningweekly.com/

VANCOUVER (miningweekly.com) – TSX-listed AuRico Metals and First Nations surrounding the Kemess underground project have signed an impact benefits agreement (IBA) for the Kemess underground project, in British Columbia, solidifying local relationships and ensuring the project provides economic opportunities and benefits to the region and local stakeholders.

Toronto-based AuRico signed the IBA with the Takla Lake, Tsay Keh Dene and Kwadacha First Nations, who are together called the Tse Keh Nay (TKN) – an alliance of three Sekani First Nations.

The IBA provides a framework that formalises the long-term cooperative relationship between AuRico and the TKN First Nations over the life of the project. The IBA captures the mutual commitment to consult and maintain an open, respectful and cooperative relationship throughout the development and operation of the Kemess underground project. Continue Reading →

B.C. mining industry ‘cautiously optimistic’ about outlook: PwC – by Emma Crawford Hampel (Business Vancouver – May 16, 2017)

https://www.biv.com/

The mining industry in British Columbia recorded its highest net revenue since 2012 last year, according to a PwC Canada report released May 16, and this has led the industry to feel cautiously optimistic about the future.

n 2016, net mining revenue was $7.3 billion, up 16% from $6.3 billion in 2015; the increase was due to both an increase in gross revenue and a decrease in costs for refining, freight and smelting. Gross mining revenue jumped almost 13% between 2015 and 2016, growing from $7.7 billion to $8.7 billion.

Mark Platt, PwC Canada’s B.C. mining leader and partner, said last year was still challenging because of volatility in global metal and mineral prices, but this seems to be changing. “Since the end of 2016, we’ve seen an upward trend in prices of the commodities that are key to B.C.’s mining results,” Platt said. Continue Reading →

B.C. Election 2017: NDP, Greens, Liberals agree mining is important, but must protect environment – by Gordon Hoekstra (Vancouver Sun – May 7, 2017)

http://vancouversun.com/

When the earth-and-rock dam that held back millions of cubic metres of mine waste and effluent at Imperial Metal’s Mount Polley mine failed in 2014, it left the mining industry in B.C. and Canada shaken.

One of the largest dam failures in the world in the past 50 years, it sparked concern among the public, environmental groups and First Nations that aquatic life would be harmed, particularly salmon that use the Quesnel Lake system to spawn in the B.C. Interior. Studies on the effects of the spill are expected to last for years. In the aftermath of the spill — and heading into the May 9 election — the B.C. Liberals continue to be strong proponents of mining.

In their platform, the Liberals say they want to see eight new mines created by 2020, and point to new mines opened under their tenure and those under construction, including the $811-million Brucejack underground gold mine in northern B.C. Continue Reading →

130-years later, historian recounts ‘devastating’ Nanaimo mine explosion – by Ian Holmes (Nanaimo News Now – May 3, 2017)

http://nanaimonewsnow.com/

NANAIMO — The 130th anniversary of a pair of devastating explosions that killed 148 men working in a Nanaimo coal mine is raising memories of the vibrant and extremely dangerous industry. The No. 1 Esplanade Mine, near the current cruise ship terminal, exploded after gas or dust was ignited on May 3, 1887.

The tragedy was the second worst mining disaster in Canada’s history. Vancouver Island coal historian and author T.W. Paterson told NanaimoNewsNOW the tragedy had a massive ripple-effect on Nanaimo, which he said was home to a little more than 2,000 people at that time.

“I liken it to a small nuclear device on a city,” Paterson said. “There would have been not one living soul in Nanaimo at the time who didn’t lose a family member, in-law, workmate or a friend.” Only seven men survived the carnage at the mine, which Paterson said was the largest and longest running operation on Vancouver Island. About 50 of the killed miners were Chinese men who were idenfifed only by numbers. Continue Reading →