Teck's steelmaking business jumps from $52M to $785M in 2Q

Teck ( NYSE:TECK) reported a profit of $577 million ($1.00 per share) in the second quarter compared with $15 million ($0.03 per share) a year ago largely thanks to its metallurgical coal business. The Canadian integrated miner said that its gross profit in the second quarter from its steelmaking coal business unit was $785 million[…]

New method for cleaning coal could help determine economic viability of coal projects

A new method for cleaning metallurgical coal to verify coal quality for coke making could replace a widely-used chemical-based process leading to a more accurate assessment of the economic viability of coal projects. This month, the Canadian Carbonization Research Association (CCRA) and Geoscience BC will launch a research project to assess the effectiveness of an[…]

Explorers frustrated with waiting times for permits in B.C., the Territories

Canada’s British Columbia and the Territories are the country’s mining districts where it takes the longest to obtain exploration permits, a new report released Tuesday shows. According to a survey of mining executives by policy think-tank the Fraser Institute, while Canadian provinces and territories fared well compared to international competitors in terms of issuing permits[…]

B.C. coal mine to restart, hiring back 200+ workers

It will be a happy new year for more than 200 unemployed coal miners in the Peace River region when the new owners of the Wolverine mine near Tumbler Ridge start producing steelmaking coal again January 2, 2017. Conuma Coal Resources Ltd., which restarted the Brule mine near Chetwynd in September 2016, has begun hiring[…]

These were the top Canadian mining topics of 2016

1. Tailings rules tightened B.C.’s Ministry of Energy and Mines marked the two-year anniversary of the Mount Polley tailings dam breach by announcing updates to the province’s mining code, including new criteria for the operation of tailings ponds. In all, the government’s mining code revisions addressed 20 of the 26 recommendations outlined in the reports[…]

US environmentalist to restart three met-coal mines

By Nelson Bennett Restarting idled coal mines might seem like an odd way to fight climate change, but that’s the plan for a U.S. conservationist and his business partners, who recently acquired three Tumbler Ridge-Chetwynd area coal mines. Walter Energy closed three B.C. metallurgical coal mines between 2014 and 2015, putting hundreds of people out[…]

B.C. coal mine poised for restart

The sale of three mine properties around Tumbler Ridge, British Columbia, nears completion following a rebound in the price of metallurgical coal. West Virginia-based ERP Compliant Fuels is negotiating a deal to buy the mothballed Wolverine, Brule and Willow Creek mines. Officials with the company said the sale could close as soon as September 1.[…]