Appeal of $15m BC thermal coal terminal project rejected by court

A $15 million thermal coal terminal at Fraser Surrey Docks that was approved by the Vancouver Fraser Port Authority in 2014 has been given the green light by the Federal Court of Canada. The court last week dismissed an appeal by two community groups backed by Ecojustice of the project’s approval. The decision comes at[…]

Teck trades lower following mine explosion

Shares in Teck Resources (TSX: TCK.A, TCK.B) (NYSE:TCK) dropped on Monday by 1.08% as reactions poured in following an explosion at its Elkview coal mine, located near Sparwood, British Columbia. What the company dubbed as “a significant pressure event at the dryer” took place Wednesday afternoon in an area where coal is dried using a[…]

Abandoned Nanaimo coal mine finds second life as heat source for university buildings

In Nanaimo, B.C.— a city built on coal — a long-abandoned mine will soon become the heat source for a new university building. Salt water from the flooded shafts of the Wakesiah mine, which run 135 to 180 metres beneath the Vancouver Island University campus, will be pumped to the surface to extract warmth in a geo-exchange project that has attracted international interest.[…]

Huge increase in BC exports of met coal this year

In August 2016, exports of metallurgical coal through Prince Rupert’s Ridley Terminals totalled zero. One year later, the Prince Rupert Port Authority reported exports of metallurgical (“met”) coal had increased 1,341% in 2017’s first eight months compared with the same period in 2016: to 2,379,698 tonnes from 165,141. Since November 2016, per-tonne met coal prices[…]

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[…]