Discover which Canadian mines are environmentally conscious
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!
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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.
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.
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.
Newmont acquires Canada’s GT Gold in $325mn deal
Newmont, the world’s biggest gold miner, has acquired Canada’s GT Gold in a deal worth $325mn. The gold giant now controls the Tatogga gold-copper project in the Traditional Territory of the Tahltan Nation.
“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” commented Newmont President and CEO Tom Palmer.
“We look forward to continuing to build a respectful and meaningful relationship with the Tahltan Nation, including the community of Iskut. The relationships we have with Indigenous communities, First Nations and host communities are critical to the way we operate. We will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward as the Company understands and acknowledges that Tahltan consent is necessary for advancing the Tatogga project.”
Newmont’s acquisition includes the Tatogga project, comprised primarily of the Saddle North deposit, which has the potential to contribute future significant gold and copper annual production. There are also further exploration opportunities beyond the known deposits at Saddle North within the land package. The Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project.
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. A world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. The American miner is celebrating its 100th anniversary this month.
With gold prices on the rise, the last six months has seen gold industry M&A activity accelerating. A recent Mckinsey report, advises that the industry need to be mindful of mistakes made during the previous gold price boom, when growth was chased unidirectionally by several companies.