May 17, 2020

Discover which Canadian mines are environmentally conscious

mines
Canadian mines
Finance
Technology
Admin
3 min
Some Canadian mines know how important it is to protect the environment.
Original reported by our sister brand Business Review Canada, salmon season has once again hit Alaska, but there is a common fear amongst the fishing ec...

Original reported by our sister brand Business Review Canada, salmon season has once again hit Alaska, but there is a common fear amongst the fishing economy that has resulted in the following question: will Canada’s new mining developments hurt the fish, ultimately hindering all fishermen’s livelihood?  

It was just last summer that an issue arose when the salmon cycle became disrupted as a dam holding back wastewater from the Mt. Polley copper and gold mine in British Columbia burst, sending more than six billion gallons of polluted water and mine waste into the Fraser River—where the salmon happened to be located.

Unfortunately, it’s still a little early to determine whether or not the salmon will be affected this season from various mining projects.  

However, we can still take a look at some of the different mines that are currently doing working (and succeeding) to help protect the environment. While this list doesn’t include every single mine doing its part to protect natural surroundings, it does include a handful of the big ones. Take a look!

RELATED TOPIC: Discover why these are the top 5 mining companies in Canada

Barrick Gold Corporation

Focused on gold, this mining company is all about the act of responsible mining. With mining operations in Canada, Australia, the United Sates and many other countries, Barrick believes that wise environmental stewardship is based on careful work planning, diligent implementation, thoughtful assessment of performance and a constant desire to improve.

Barrick Gold Corporation is well aware of the fact that building and operating a mine will affect the physical environment around a mine site, including the land, air and water. Therefore, they are completely committed to minimizing or mitigating these impacts wherever possible, usually with the assistance of innovative technology.

Goldcorp Inc.

As a leading gold producer, Goldcorp is focused on responsible mining practices with safe, low-cost production. Headquartered in Vancouver, British Columbia, the mining company does its part to create partnerships with Aboriginal and Indigenous Peoples, with a motive to further a culture of economic independence, ownership, entrepreneurship and enterprise management.

It doesn’t matter what type of operation Goldcorp is involved in, the company consistently strives to protect and support social and cultural practices.

 Suncor Energy

A globally competitive integrated energy company with a balanced portfolio of high-quality assets, Suncor Energy does its part to protect the environment by investing in clean, renewable energy sources.

Specifically, the company has seven wind power projects in operation with a total capacity of 295 megawatts, and is also currently evaluating solar energy investment opportunities. Its EH&S policy—Environment, Health and Safety—states an unwavering commitment to the company’s value of safety above all else.  

RELATED TOPIC: Canada resources ministers gather amid recession for Energy and Mines Ministers’ Conference

 [SOURCE: Pri]

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

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.

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