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energy and resources
At COP28, Rockefeller Foundation-led consortium backs early coal retirement using carbon credits
FILE PHOTO: A truck unloads tonnes of coal inside a warehouse in Tondo city, metro Manila January 11, 2016. REUTERS/Romeo Ranoco/File Photo
world
How banned 'rat-hole' mining saved India's trapped workers
Video1:36
report on business
Environmental group opposes coal pit application in Alberta until waste water release probes complete
The Alberta Energy Regulator says it has laid charges against Land Petroleum International Inc. and president Bill Fung for hindering AER inspections in 2018. The Alberta Energy Regulator logo is seen on a flag at the opening of the regulator's office in Calgary in an undated handout photo. THE CANADIAN PRESS/HO-Alberta Energy Regulator, *MANDATORY CREDIT*
opinion
Teck’s inessential coal sale makes it smaller and more vulnerable to takeover
Eric Reguly
report on business
Australian company revives its push for a controversial coal mine in Alberta
A section of the eastern slopes of the Canadian Rockies is seen west of Cochrane, Alta., Thursday, June 17, 2021. A joint federal-provincial review has denied an application for an open-pit coal mine in Alberta's Rocky Mountains, saying its impacts on the environment and Indigenous rights aren't worth the economic benefits it would bring. THE CANADIAN PRESS/Jeff McIntosh
inside the market
Teck’s deal to shed coal comes at a perfect time
TECK COMINCO LTD - MINING OPERATIONS. The Greenhills mine is located eight kilometres northeast of the community of Elkford, in southeastern British Columbia. The mine site is comprised of 10,092 hectares of coal lands of which approximately 2,200 hectares have been mined or are scheduled for mining.? Greenhills holds a forest licence and manages a 7,610 hectare forest located outside the active mining area. The Greenhills operation was constructed in the early 1980s and has operated continuously since 1993. Coal mined at Greenhills is primarily metallurgical coal, although a small amount of thermal coal is also produced. The current annual production capacities of the mine and preparation plant (on a 100% basis) are 5.2 and 5.5 million tonnes, respectively. Coal mined at the Greenhills mine is primarily metallurgical coal, although a small amount of thermal coal is also produced. Production is derived from the Cougar reserve, which is divided into two distinct pits, Cougar North and Cougar South. Cougar North has been fully developed and currently produces the bulk of the coal for the mine.? Development and pre-stripping of Cougar South is underway and is expected to provide a long-term source of coal. Proven and probable reserves at Greenhills are projected to support mining at 2005 production rates through 2025. (The Greenhills mine is part of the Elk Valley Coal Partnership. TECK has a 39% interest in the Elk Valley Coal Partnership). HANDOUT
opinion
Glencore-Teck deal reveals the irony of coal: Profitable and vital, yet endlessly shunned
Heather Exner-Pirot
opinion
Peak ESG investing may have come. Coal may not be the great valuation drag after all
Eric Reguly
energy and resources
Alberta’s energy regulator examining mine wall ‘instabilities’ after worker nearly buried, union says
This dozer operated in the CST Coal mine in Grand Cache, Alta., was partially buried in an October 2022 "wall instability." The operator was not injured. Alberta's energy regulator is currently reviewing practices at the mine after three additional instabilities in June, September and October. THE CANADIAN PRESS/HO-United Mine Workers **MANDATORY CREDIT**
opinion
Glencore might just be forced to phase out the coal operations it’s buying from Teck
Eugene Ellmen
report on business
Teck to sell coal business to Glencore, Nippon Steel and POSCO in US$8.9-billion deal
Teck Resources CEO Jonathan Price pauses while responding to questions from reporters after the company's special meeting of shareholders, in Vancouver, B.C., Wednesday, April 26, 2023. THE CANADIAN PRESS/Darryl Dyck
world
More than 60 countries back deal to triple renewable energy this decade
FILE PHOTO: A general view of a wind turbine at Westmill Wind Farm & Solar Park, which is owned by the community and supports local renewable energy, at Watchfield, near Swindon, Britain, September 24, 2021. REUTERS/Andrew Boyers/File Photo
report on business
Cost overruns at QB2 prompts Teck to part ways with COO Harry Conger
eck Resources Ltd. says Harry (Red) Conger will retire as president and chief operating officer, effective Wednesday.
energy and resources
G7 offered costly loans, few grants to help Vietnam cut coal use, documents show
heap of coal
international business
Commodity trader and miner Glencore cuts 2023 nickel production guidance
FILE PHOTO: The logo of Glencore is pictured in Baar, Switzerland, September 30, 2015. REUTERS/Arnd Wiegmann/File Photo
report on business
Teck hikes QB2 cost estimate again, as uncertainty persists over outcome of coal restructuring process
Since the spring, Vancouver-based Teck has been engaging with companies interested in buying its core metallurgical coal business, after it failed in an earlier attempt to spin off the division to shareholders.
report on business
Japan’s JFE Steel eying stake in Teck Resources’ coal business, sources say
FILE PHOTO: The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File Photo
canada
Feds, two Atlantic premiers agree to ‘modified’ Atlantic Loop project
The Tufts Cove Generating Station in Dartmouth, N.S., is seen on Friday, Jan.19, 2018. Nova Scotia says the Atlantic Loop is no longer part of the province's plan to hit its 2030 renewable energy targets. THE CANADIAN PRESS/Andrew Vaughan
report on business
Port of Prince Rupert eyes expansion as B.C. city shakes off hard-luck image
Sept. 21, 2023, for pic labelled PrinceRupertFairviewContainerTerminal: DP World PLC operates the existing Fairview container terminal at the Port of Prince Rupert in northern British Columbia. The port authority is collaborating with DP to study the feasibility of constructing a second container terminal. Brent Jang/The Globe and Mail Image by Brent Jang
alberta
Alberta NDP asks minister to quash application for Rocky Mountain coal mine
Alberta MLA Brian Jean arrives at the United Conservative Party caucus in Calgary, Alta., Thursday, May 19, 2022. The co-founder of Alberta’s governing United Conservative Party has officially launched his campaign to become its next leader. THE CANADIAN PRESS/Jeff McIntosh