Copper Mountain Mining hits 2020 sustainability targets
Copper Mountain Mining Company, the Canadian-based copper mining company with operations in Canada and Australia, has achieved its 2020 sustainability targets, having secured an AAA rating for its Aboriginal and Community Outreach, and an AA rating for Safety and Health under the Canadian Mining Association’s Towards Sustainable Mining (TSM) standards.
The external verification was completed by an independent and certified TSM Verification Service Provider for TSM requirements, according to a statement. The company has wholly adopted the TSM standards and already achieved an AA rating for its Tailings Management.
Copper Mountain is targeting at least an A rating on the remaining TSM protocols by the end of 2021. These protocols include: Biodiversity Conservation Management, Crisis Management Planning, Energy Use and GHG Management, Child and Forced Labour Free Certification and Water Stewardship.
“We set a target at the beginning of this year to achieve at least a ‘AA’ rating in these categories and we exceeded our goal,” comments Gil Clausen, Copper Mountain’s president and CEO. “We take our ESG commitments seriously at Copper Mountain, and our progress demonstrates that commitment. Setting and achieving these TSM targets is just one example.”
“Another initiative that is currently underway, is our plan to trial electric trolley assist, which has the potential to replace diesel consumption in our haulage fleet with hydroelectricity, thereby reducing Greenhouse Gas emissions. We are currently partnered with Komatsu/SMS, ABB, the BC government, and BC Hydro to advance this trial,” Clausen says.
“Through hydro electrification and capacity increases, we plan to reduce our carbon intensity by over 50 percent in five to seven years as we aim to be net zero by 2035. So not only will Copper Mountain be producing the metals that drive a green economy we will deliver that value the right way.”
The company adds that it is committed to transparent and continuous discourse on its ESG programs and that will continue to work on its TSM progress and ESG initiatives.
Copper Mountain’s flagship asset is its 75 percent owned Copper Mountain mine located in British Columbia, near the town of Princeton, which produces approximately 90 million pounds of copper equivalent.
The company also has the development-stage Eva Copper project in Queensland, Australia, as well as an extensive 2,100sqkm highly prospective land package in the Mount Isa area.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.