Permitting solutions for mining in British Columbia ‘a priority’, says gov’t
The mining permitting process in the province is known for its lengthy delays.
Abandoned Nanaimo coal mine finds second life as heat source for university buildings
VIU photo.
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.
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The coal producer has been searching for assets outside South Africa, where shipments are being curbed by rail bottleneck.
Iron ore price retreats on China demand rethink, price curbs worry
"Iron ore is facing pressure from price control, so pay attention to policy risks," Sinosteel analysts said.
Canada faces pressure to ban deep-sea mining
Scientists and NGOs are asking Ottawa to ban the activity, as the country hosts an international marine conservation summit that kicks off on Friday in Vancouver.