Mar 9, 2021

PDAC: 2021 awards winners to be honoured

PDAC
awards
mining
Daniel Brightmore
3 min
PDAC Awards 2021
The Prospectors and Developers Association of Canada (PDAC) has revealed the winners of six prestigious industry awards at its annual conference in Toro...

These top international and domestic performers will be honoured with a prestigious award, during the annual PDAC Convention, in recognition of their excellence and contributions to the mineral exploration and mining industry.

Bill Dennis Award

Honouring a significant mineral discovery and important contribution to the prospecting/exploration industry.

Phillip Walford & Sherry Dunsworth

For the discovery and delineation of Valentine, the largest undeveloped gold resource in Atlantic Canada.

The two experienced geologists determined that the controls on gold mineralisation were poorly understood at Valentine. They developed a new orogenic model that allowed their company, Marathon Gold, to delineate the largest undeveloped gold resource in Atlantic Canada and one of the leading gold development projects in North America.

Distinguished Service Award 

Recognises a substantial contribution to mineral exploration and mining development over a number of years.

Dennis Jones

For his contribution to sustainability in the mineral exploration sector through strong leadership of PDAC’s e3 and e3 Plus initiatives as well as ongoing CSR efforts.

For two decades, Dennis has contributed countless hours of volunteer time to PDAC. Aside from his CSR committee leadership, he helped the association’s advocacy efforts through domestic and international representation, once serving as an advisor to the federal government on a national CSR roundtable. He is credited with enhancing PDAC’s reputation as a world leader in best practices for environmental and social responsibility in exploration.

Skookum Jim Award 

Recognising exceptional achievement or service in a Canadian Aboriginal-run service business for the Canadian mining industry.

Nalaine Morin

For combining Indigenous traditional knowledge with Western science to improve the environmental assessment process for mining projects.

A member of the Tahltan First Nation, Nalaine has a deep technical understanding of both mining and environmental assessment. She uses this unique background to assist companies and Indigenous communities navigating the complex waters of technical review, community consultation and permitting in British Columbia (BC). She was instrumental in creating and executing a joint permitting process and agreement for the Red Chris mine, for example, that ensures the Tahltan share in regulatory oversight of the mine.

Sustainability Award 

Honours outstanding initiative, leadership and accomplishment in protecting and preserving the natural environment andestablishing good community relations during an exploration program or operation of a mine.

B2Gold

For exemplary resettlement and community development work with the village of Fadougou at the Fekola gold mine in Mali.

B2Gold believes that it has a responsibility to share benefits and leave a positive legacy with communities that will last beyond the life of its mines and seeks to build a trust-based relationship with local stakeholders. The resettlement and development of the village of Fadougou by its Fekola Gold Mine demonstrates this commitment to responsible mining and to international best practice in community relations and development.

Thayer Lindsley Award 

Applauding an individual or team of explorationists credited with a recent significant mineral discovery anywhere in the world.

K92 Mining

For the 2017 discovery of the Kora North deposit at the Kainantu mine in Papua New Guinea.

When K92 Mining acquired the Kainantu gold mine in Papua New Guinea from Barrick Gold in 2015, the operation had been mothballed for several years. By questioning the geological model and acting on the reinterpretation, the K92 exploration team transformed the previously struggling mine into a highly profitable and rapidly expanding gold producer.

Viola R. MacMillan Award

Named in honour of PDAC’s longest serving president and presented to an individual or organization demonstrating leadership in management and financing for the exploration and development of mineral resources.

Mark O’Dea

For building and financing several international mining companies, taking them from exploration and discovery to development and operations.

Securing support from large corporates and mining titans, the PureGold Mine in Red Lake Ontario is scheduled to complete its first gold pour in December 2020, becoming Canada’s newest high-grade gold mine.

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Jul 22, 2021

BHP deliberates ditching fossil fuels for greener mining

mining
BHP
Fossilfuels
Sustainability
3 min
BHP are discussing the possibility of pulling out of a multi-billion dollar contract to distance themselves from fossil fuels and aim for greener materials

The world’s biggest miner, Australian-based BHP, is supposedly considering withdrawing from a multi-billion dollar contract, which would see the company generate more than US$2bn due to mounting pressure over aligning its business with ongoing climate concerns and ESG-compliance measures.

Exiting the agreement would mean BHP escalate its distancing from oil and gas and subsequently cut down on the amount of fossil fuels used by the company when mining. 

It’s estimated that the petroleum business being debated upon could actually be worth around US$15bn but is still under talks to be put up for sale. 

Global Mining Giant Considers Greener Future

BHP has made itself clear that it wants to avoid becoming unable to sell its assets. As competition within the market increases following higher numbers of oil giants wrestling with investors to deal with climate pressure, so too are the number of mining rivals looking to make environmental changes for the future. 

However, BHP currently has the upper hand as a stalwart mining company that established itself back in the 1960s, allowing it the time to grow and dominate over other fast-appearing mining competition. 

Mike Henry, BHP Chief Executive, has an optimistic outlook for the future of oil and gas despite worries over rising demand to align his business with the Paris Climate Agreement. Henry argues that prices remain promising due to a lack of industry-wide investment. 

BHP’s petroleum business won’t be easy to say goodbye to. Forecasted to generate around 6% of profits during the ongoing financial year (US$2bn), and around US$1.6bn revenue produced by BHP petroleum in the six months leading to December 2020, BHP is due to take a hit no matter what agreement they choose. 

On the other hand, distancing itself from thermal coal and petroleum would arguably aid the company’s case to possible - and valuable - investors who may be required to fund BHP’s increased output to places such as Australia and Mexico in the near future. 

BHP considers cutting billion-dollar contract to aid climate

An exit away from petroleum has the potential to be “a powerful corporate catalyst,” says Dominic Kane, Analyst at JP Morgan

“We believe an exit would likely ring-fence BHP’s exceptional cash flows for non-fossil fuel organic growth, mergers and acquisitions and generous shareholder distributions since BHP could avoid a major new capital investment phase this decade in petroleum.”

BHP is also set to sanction a giant US$5.7bn Canadian potash mine in August of this year, already seeing potash as a long-term substitute for gas and oil going into the future. The company has also previously announced plans to abandon its 80% share in its joint endeavour with Mitsui, owner of two lower-quality mines in Queensland, Australia. 

BHP is scheduled to report its annual results on August 17, after which it may become clearer on whether the company will choose to focus its shift to a low-carbon economy or whether it will stay with its current contract into the coming year.

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