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Released October 03, 2019 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The Canadian Metals & Minerals Industry is working its way through a period of economic uncertainty, as legislative and regulatory policies that could broadly impact project spending and permitting are on the line in this month's nationwide election. Industrial Info is tracking nearly $2.6 billion worth of Canadian Metals & Minerals Industry projects that are set to begin construction in the fourth quarter, with Alberta alone accounting for more than $1 billion.
Click on the image at right for a graph detailing Canada's Metals & Minerals Industry project kickoffs from October through December, by project type.
According to a report earlier this year from The Mining Association of Canada, recent supply chain failures have damaged the nation's reputation as a reliable trade partner. "Internationally, these challenges are amplified by an increasingly unpredictable trade relationship with the U.S., whose comprehensive tax reform has significantly enhanced that jurisdiction's investment competitiveness over Canada's," the association said in its Facts & Figures 2018 report.
Suncor Energy Incorporated's (NYSE:SU) (Calgary, Alberta) estimated $1.6 billion coke boiler replacement at its Millennium Oil Sands Mine in Fort McMurray, Alberta, represents nearly all of the province's capital spending this quarter. Suncor aims to reduce its carbon footprint at the Millennium site, which has been mining bitumen since 2001, by replacing three coal-fired boilers with a pair of natural gas-fired cogeneration units. Suncor also will be able to export about 800 megawatts (MW) to the Alberta grid.
The Millennium site produces 350,000 barrels per day (BBL/d) of bitumen, and Suncor expects the new units will reduce its sulfur dioxide emissions by 45%, its nitrous oxide emissions by 45% and its particulate matter 15%. It also expects freshwater usage to decline 35%. For more information, see Industrial Info's project report.
Other mining projects likely to begin construction before the end of the year include Pure Gold Mining Limited's (Madsen, Ontario) estimated $71.7 million restart and expansion of its gold mine and mill in Madsen, Ontario, and Copper Mountain Mining Corporation's (TSX:CMMC) (Vancouver, British Columbia) estimated $25 million addition of a ball mill at its copper mine in Princeton, British Columbia. Pure Gold, a subsidiary of Oxygen Capital Corporation (Vancouver), plans to restart the Madsen site, effectively closed since 1999, to extract 80,000 ounces per year of gold from a 285,000-ton-per-year ore feed over a 12-year mine life.
Copper Mountain hopes to expand its own mine life from 14 to 26 years by installing a third ball mill to increase grinding capacity from 40,000 to 45,000 tons per day, from a 16 million-ton-per-year ore feed. For more information, see Industrial Info's reports on the Pure Gold and Copper Mountain projects.
Other project kickoffs in Canada's Metals & Minerals Industry will address the transport of mined products. Provincial Energy Ventures Limited LLC (Sydney, Nova Scotia) is preparing to begin construction on an estimated $75 million bulk coal terminal in Sydney, Nova Scotia. The facility would be able to ship 3 million to 5 million tons of coal per year. Most of the coal will be shipped from mines in Pennsylvania and West Virginia to Provincial Energy's facility, where it will be loaded on to smaller vessels headed to the St. Lawrence Seaway and the Great Lakes region, according to the Cape Breton Post. For more information, see Industrial Info's project report.
Neptune Bulk Terminals Limited (Vancouver) is planning $2 million in replacements and upgrades on the dust-suppression system at its terminal in Vancouver. The 24 million-ton-per-year facility ships primarily potash and coal used in steelmaking, which require water systems to prevent dust from leaving the site. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click on the image at right for a graph detailing Canada's Metals & Minerals Industry project kickoffs from October through December, by project type.According to a report earlier this year from The Mining Association of Canada, recent supply chain failures have damaged the nation's reputation as a reliable trade partner. "Internationally, these challenges are amplified by an increasingly unpredictable trade relationship with the U.S., whose comprehensive tax reform has significantly enhanced that jurisdiction's investment competitiveness over Canada's," the association said in its Facts & Figures 2018 report.
Suncor Energy Incorporated's (NYSE:SU) (Calgary, Alberta) estimated $1.6 billion coke boiler replacement at its Millennium Oil Sands Mine in Fort McMurray, Alberta, represents nearly all of the province's capital spending this quarter. Suncor aims to reduce its carbon footprint at the Millennium site, which has been mining bitumen since 2001, by replacing three coal-fired boilers with a pair of natural gas-fired cogeneration units. Suncor also will be able to export about 800 megawatts (MW) to the Alberta grid.
The Millennium site produces 350,000 barrels per day (BBL/d) of bitumen, and Suncor expects the new units will reduce its sulfur dioxide emissions by 45%, its nitrous oxide emissions by 45% and its particulate matter 15%. It also expects freshwater usage to decline 35%. For more information, see Industrial Info's project report.
Other mining projects likely to begin construction before the end of the year include Pure Gold Mining Limited's (Madsen, Ontario) estimated $71.7 million restart and expansion of its gold mine and mill in Madsen, Ontario, and Copper Mountain Mining Corporation's (TSX:CMMC) (Vancouver, British Columbia) estimated $25 million addition of a ball mill at its copper mine in Princeton, British Columbia. Pure Gold, a subsidiary of Oxygen Capital Corporation (Vancouver), plans to restart the Madsen site, effectively closed since 1999, to extract 80,000 ounces per year of gold from a 285,000-ton-per-year ore feed over a 12-year mine life.
Copper Mountain hopes to expand its own mine life from 14 to 26 years by installing a third ball mill to increase grinding capacity from 40,000 to 45,000 tons per day, from a 16 million-ton-per-year ore feed. For more information, see Industrial Info's reports on the Pure Gold and Copper Mountain projects.
Other project kickoffs in Canada's Metals & Minerals Industry will address the transport of mined products. Provincial Energy Ventures Limited LLC (Sydney, Nova Scotia) is preparing to begin construction on an estimated $75 million bulk coal terminal in Sydney, Nova Scotia. The facility would be able to ship 3 million to 5 million tons of coal per year. Most of the coal will be shipped from mines in Pennsylvania and West Virginia to Provincial Energy's facility, where it will be loaded on to smaller vessels headed to the St. Lawrence Seaway and the Great Lakes region, according to the Cape Breton Post. For more information, see Industrial Info's project report.
Neptune Bulk Terminals Limited (Vancouver) is planning $2 million in replacements and upgrades on the dust-suppression system at its terminal in Vancouver. The 24 million-ton-per-year facility ships primarily potash and coal used in steelmaking, which require water systems to prevent dust from leaving the site. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
