Canada the world's overall top mining destination, despite Saskatchewan fall

Canada is the world’s most attractive region for mining investment, based on the combined rankings of all its provinces and territories, the latest annual global survey of mining executives released Thursday by the Fraser Institute shows. While the Maple Leaf country overtook Australia as regional destination number one, many of its provinces and territories did not fair well[…]

Mining M&A jumps to 4-year high – expect more in 2018

The value of global mining and metals deals hit a four-year high in 2017, according to accountancy firm EY, boosted by a jump in money raised on stock exchanges to a six-year high. Mining and metals deals totalled $51 billion last year, up 15% from 2016. Activity was dominated by coal and steel transactions. However,[…]

These are top-10 global mining trends expected for 2018

To thrive in the mining industry’s historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.) In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably[…]

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[…]

Inflexible land protections rob Nova Scotians of economic opportunity

The Mining Association of Nova Scotia started a public dialogue about the provincial government’s Parks and Protected Areas Plan in these pages in the fall.  Since then, we have issued a series of news releases, maps, videos and pictures which substantiate that the process for choosing protected areas was not perfect and has created two significant issues.[…]

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.[…]

CHARTS: Big mining's surge in value shames tech giants

Big cap diversified miners are riding a wave of optimism as global growth prospects – especially in manufacturing – continues to strengthen.  Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015. The manufacturing index has now signalled expansion for a record 82 months[…]