For decades, the Peace region mining industry centered in Tumbler Ridge has been a major economic driver. In recent years, however, several mines have been idled back or closed due to depressed commodity prices. While some mines have ceased operation, HD Mining International Ltd. has proposed a new “long-wall” mine that extracts coal through the use of underground tunnels. Blair Lekstrom, speaking to Dawson Creek City Council on behalf of HD Mining, stated in December 2015 that the Murray River Project bulk sample phase was near completion, employing around 1,000 Canadians to date. Even though commodity prices remain low, the long-wall form of mining is more likely to remain profitable than other mining techniques.
The Murray River Coal project has received the BC Environmental Assessment certificate with 24 conditions and the Federal Review process is ongoing, with the provincial permitting process to take place for much of 2016. Should the federal environmental assessment and provincial permitting be successful, HD Mining International will make the final investment decision about whether to proceed with the full project. “To date, we have invested about 165 million dollars into this bulk sample,” Lekstrom stated. Once in full operation, the project is expected to extract coal for up to 30 years at up to 6 million tonnes per year.
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