The Globe and Mail reported that a slump in coal prices is hurting mining in British Columbia, causing U.S. based Walter Energy Inc. (NYSE:WLT) to cease mining operations in the province.
Articles Tagged "british columbia"
The Globe and Mail reported that Kitimat B.C. residents have voted against the Enbridge (TSX:ENB) Northern Gateway pipeline in a non-binding plebiscite. The municipality has stayed neutral up until this point, opting not to take part in a joint review of the project, according to the Globe.
Fortune Minerals Ltd. (TSX:FT) Investor Relations Manager Troy Nazarewicz spoke to Resource Investing News at the Vancouver Resource Investment Conference about its two advanced projects: NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories, and the Arctos Anthracite project in British Columbia.
The Globe and Mail reported that in 2014, activists plan to try to get the planned Fraser Surrey Docks direct-transfer coal facility on the British Columbia government's agenda. Thus far, the provincial government has not commented on the issue.
A joint review panel has recommended that the Canadian federal government approve the Northern Gateway pipeline being proposed by Enbridge (NYSE:ENB,TSX:ENB).
CNOOC Ltd. (NYSE:CEO) — the Chinese state-owned company that a year ago acquired Nexen Inc — is now making plans to build a huge liquefied natural gas facility in northern British Columbia, the Vancouver Sun reported.
The Vancouver Sun reported that Calvin Quek, head of Greenpeace East Asia’s Sustainable Finance Program, believes that building terminals aimed at shipping more coal to East Asia — such as the planned Fraser Surrey Docks expansion — could be a waste of time and money due to new caps on coal usage in China.
The Vancouver Sun reported that according to an environmental assessment commissioned by Fraser Surrey Docks (FSD), a proposed coal terminal at FSD is unlikely to "cause significant adverse effects to the environment or human health." However, many believe that the study, which was conducted by SNC-Lavalin Group Inc. (TSX:SNC), "falls short of even a basic health assessment."
The Vancouver Sun reports that British Columbia and Alberta have agreed to a framework Tuesday that they say opens the possibility of heavy oil pipelines being built to the B.C. coast.
The Vancouver Sun reports that British Columbia has double the natural gas reserves than previously estimated, according to a BC government news release.