For decades, the Peace region mining industry centered in Tumbler Ridge has been a major economic driver. With the rise and fall of commodity prices over the years, the communities in proximity to the mines have had to weather the boom and bust cycle that comes with the mining industry. After several years of low commodity prices, several mines had idled back or closed operations. However, 2016 saw a surge in Coal prices, particularly in Metallurgical coal, and led to the the restart of mines in the area. In the fall of 2016 Conuma Coal reopened the Brule Mine adding 170 jobs to the area. In the closing days of 2016, British Columbia Energy and Mines Minster Bill Bennet announced the opening of the Wolverine mine as well with an approximate workforce of 220 positions. Conuma Coal has also proposed the reopening of the Willow Creek Mine in July 2017 and is working through permitting conditions and planning for that project.
Environmental Assessments are currently ongoing for two proposed additional mines that, if approved, would add approximately 5.5 million metric tonnes of production annually to the Tumbler Ridge and Chetwynd regions.
Major Mining Projects & Investment Opportunities:
Canadian Kailuan Dehua Mines Co. Ltd.
Gething Project: The Gething coal project is located 25 km west of Hudson’s Hope, and is estimated to be a $1.36 billion investment. Exploration to date indicates the potential for a forty year mine life.
Cardero Resources Corp.
Carbon Creek Coal Field: This field, located close to Hudson’s Hope as well, will begin surface mine operations first, with the goal of beginning underground mine operations two years after surface mining begins. This will allow time to develop an access area for the underground coal seams. Total estimated investment is $452 million USD and estimated life span of the mine is 30 years.
HD Mining International Ltd.
Murray River Project: The Murray River property is located southwest of Tumbler Ridge. Field drilling and preliminary exploration confirm estimated deposits. Taking into account the projected amount of coal reserves on the site, this $300 million project will produce significant employment and economic spin-offs in BC over a 50 year life span.
|Canadian Dehua International Mines Group Inc||Bullmoose River|
|Canadian Kailuan Dehua Mines Co Ltd||Gething|
|Cardero Resources Corp||Carbon Creek|
|Colonial Coal International Corp||Huguenot|
|HD Mining International Ltd||Murray River|
|Homegold Resources Ltd||Wapiti|
|Peace River Coal Inc/Anglo American plc*||Horizon Ridge|
|Teck Coal Ltd||Quintette*|
|Walter Energy Inc||Brule|
|Mink Creek East|
|Mink Creek West|
|Willow South||Willow Creek|
*transitioning to “care and maintenance” mode
**mines shut down at this time