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Mining Insider.
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Teck appoints Andrew Stonkus as Senior Vice President, Marketing and Sales
Teck Resources appointed Andrew Stonkus as Senior Vice President, Marketing and Sales. Stonkus brings over 30 years of mining industry experience and previously served as VP of Base Metals Marketing at Teck since joining in 1988.
Today’s coal essential for a bright energy future
Industry perspective article highlighting coal's role in the energy mix, emphasizing affordability, reliability and technological advances. Advocates for continued coal use alongside clean technologies and carbon capture for future energy security.
Imperial Metals issues outlook for 2015
Imperial Metals issued its 2015 outlook following the Mount Polley tailings dam failure investigation report. The company produced 41.5 million pounds copper in 2014 despite operational interruptions and expects 22.0 million pounds from Huckleberry in 2015. Mount Polley restart remains dependent on regulatory approval.
Mt Polley disaster results in $37.3 million loss for Imperial Metals
Imperial Metals reported a $37.3 million net loss for 2014, primarily due to $67.4 million in remediation costs from the Mt Polley tailings dam breach. The company swung from $41 million profit in 2013 to significant losses, with reduced metals production and foreign exchange losses contributing to the poor performance.
B.C. implements post-Mount Polley requirements in environmental assessment
British Columbia's Environmental Assessment Office has implemented new requirements for tailings management at proposed mines, following recommendations from the Mount Polley disaster investigation. Mining companies must now provide detailed assessments of alternative tailings management options and clear rationale for their chosen approach during environmental assessments.
Waneta Expansion Project is now generating clean, renewable, cost effective power
The Waneta Expansion Project, a $900 million 335 MW hydroelectric facility near Trail, B.C., has come online and is now generating clean renewable power. The project was completed six weeks ahead of schedule and on budget, injecting over $300 million into the local economy and employing over 1,400 people during construction.
Éléonore achieves commercial production, effective April 1, 2015
Goldcorp declared commercial production at its Éléonore gold mine in Quebec's James Bay region, effective April 1, 2015. The mine is expected to produce 290,000-330,000 ounces of gold in 2015 and will ramp up to full production by early 2018.
Teck reports flash fire at Greenhills Operations
Teck Resources reported a flash fire at its Greenhills coal operation in BC's Elk Valley that injured three employees, two requiring airlift to hospital. The fire in the dryer complex was quickly extinguished with no major operational impact, though the cause remains under investigation.
Is Northern Europe the new mining Eldorado?
The article discusses Northern Europe's emerging potential as a major mining destination, highlighting significant mineral reserves across Finland, Sweden, Greenland and Norway. It announces the Europe Mining Summit 2015 in Amsterdam to explore investment opportunities in the region.
Gibraltar’s Taseko Mines Wins 2014 John Ash Safety Award
Taseko Mines' Gibraltar Mine won the 2014 John Ash Safety Award for having the lowest injury-frequency rate among BC mines, working 1.7 million hours with zero lost time accidents. The company also confirmed its tailings dam integrity following third-party inspections after the Mount Polley incident.
Positive economic update on Crown Mountain Coking Coal Project
Jameson Resources reported improved economics for its Crown Mountain coking coal project in BC's Elk Valley, with favorable exchange rates reducing FOB costs to US$70.91/tonne in initial years. Contract mining approach could cut upfront capital costs by over $200 million to $123 million.
Stellar Industries introduces new T-Boom Style Hydraulic Cranes
Stellar Industries announced its new TC Series T-Boom hydraulic cranes featuring proprietary radio remote control systems and capacities up to 4,520 pounds. The cranes offer up to 18.6 feet of hydraulic reach while maintaining compact design for minimal bed space usage.
Teck’s stock goes on wild ride on merger speculation
Teck Resources stock surged 11% on merger speculation with Chilean copper giant Antofagasta before falling 7% after Teck denied any deal discussions. The rumored merger would have created one of the world's largest copper producers, combining companies with a total market value of approximately $22 billion.
MAC strikes an independent task force to review its tailings management program
The Mining Association of Canada has formed an independent expert task force to review and strengthen its tailings management requirements under the Towards Sustainable Mining program, following the 2014 Mount Polley tailings breach. The task force, led by former Teck executive Doug Horswill, will publish its final report by end of 2015 with recommendations for preventing future tailings dam failures.
College of the Rockies leading new Tanzania project
College of the Rockies has been selected to lead a Canadian government-funded training program in Tanzania focused on heavy duty equipment mechanics for the mining industry. The three-year ISTEP initiative will strengthen Tanzanian technical training institutions and prepare workers for high-paying trades jobs in mining and other sectors.
Hatch and First Pac West sign joint venture agreement
Hatch, Canada's top privately-held design firm, and First Pac West, a Canadian Aboriginal company, signed a five-year joint venture agreement to provide innovative remote accommodation solutions for mining, energy and infrastructure projects worldwide. The partnership combines Hatch's engineering expertise with First Pac West's innovative Solace System, which is 25% more energy efficient than traditional site accommodation facilities.
Positive reports predict resurgence of Canadian mining industry
Two reports highlight a resurgence in Canadian mining, particularly gold exploration, driven by a weaker Canadian dollar, tax incentives, and political stability. Of 13 major equity financing deals by Canadian mining companies this year, 12 focused on gold assets with 8 specifically funding Canadian projects, while Teck Resources benefits from rising zinc demand and gradual coal price recovery.
New report stresses the importance of revenue sharing in resource development
The Macdonald-Laurier Institute released a report supporting resource revenue sharing with Indigenous communities, citing existing systems across Canada from Newfoundland to Yukon. The report argues that revenue sharing is a proven approach for securing Aboriginal support for well-planned natural resource projects.
Energy News: Lax Kw’alaams leadership endorses Eagle Spirit Energy project
The Lax Kw'alaams First Nation leadership has endorsed Eagle Spirit Energy's proposed oil pipeline project across northern B.C., citing environmental protections and economic opportunities. The First Nation rejected bitumen shipping and Kitimat as a port, while supporting Eagle Spirit's approach after two and half years of consultation.
AME BC welcomes federal government measures to encourage mineral exploration
The federal government announced an extension of the 15% Mineral Exploration Tax Credit through March 2016 and expanded Canadian exploration expenses to include environmental studies and community consultation costs. In British Columbia, this federal credit combines with a provincial 20% credit for a total 35% tax incentive for mineral exploration investors.
Gold’s glitter feeding appetite among investors
Kapuskasing Gold has assembled six gold exploration properties surrounding Probe Mines' Borden Lake project near Chapleau, Ontario, with ground samples returning up to 7.69 grams of gold per tonne. The company is led by Mike Tremblay, co-winner of the 2013 Ontario Prospectors Association Award for the Borden discovery, and targets similar geology in the underexplored Kapuskasing Structural Zone.
Vancouver’s Jagercor Energy is drilling as China eyes massive oil reserves in Argentina
Vancouver-based Jagercor Energy is generating $200,000 monthly from its first drilling program in Argentina's Catriel Oeste project, funding operations with 70% of proceeds from producing wells. The company is targeting underinvested mature oil fields while Argentina's local oil prices trade at a premium to global markets at $77 per barrel versus $50 internationally.
AME BC responds to Fraser Institute Annual Survey of Mining Companies
AME BC responded to the Fraser Institute's 2014 mining survey which ranked British Columbia 28th globally for investment attractiveness, down from 16th in 2013. Despite the ranking decline, AME BC highlighted that BC's actual mineral exploration investment share tripled from 6% to 21% between 2001-2014, with several new major mines coming online including Copper Mountain, New Afton, and Mt. Milligan.
Waste energy at Edmonton-area industrial sites could heat 15,200 homes
A groundbreaking study of Edmonton-area industrial sites identified 300 MW of waste heat that could be captured to heat 15,200 homes and generate 5 MW of power. The Community Integrated Energy Mapping Feasibility Study, involving 16 companies including Suncor, Shell Canada, and Rio Tinto Alcan, represents the first comprehensive waste energy mapping project in Canada and could reduce regional CO2 emissions by 151,000 tonnes.