2
Pd eq grade is calculated based on: (Pd US$1,725/31.10348 x Pd grade g/t +Cu US$3.20/2204.6 x Cu grade %/100+Au US$1,400/31.10348 x Au grade g/t+ Pt US$1,000/31.10348 x Pt grade g/t+Ag US$20/31.10348 x Ag grade g/t))/ (Pd US$1,725/31.10348)
Jamie Levy, President and CEO of Gen Mining commented, “This study confirms that the Marathon Palladium and Copper Project is a substantial mining project that is expected to provide a very robust return on investment. We expect the palladium supply in particular to remain in deficit for the foreseeable future as Europe, China and other regions roll out tougher emissions standards. We are excited about the opportunity to create jobs and economic stimulus to Canada, Ontario and to the communities surrounding Marathon.”
Neither likes the new federal Impact Assessment Act, which Alberta is challenging in court.
Tyee contributing editor Andrew Nikiforuk is an award-winning journalist whose books and articles focus on epidemics, the energy industry, nature and more. SHARES Jason Kenney’s government argues in the Alberta Court of Appeal that the federal Impact Assessment Act shouldn’t apply to coal mining in the province. Former Green leader Elizabeth May assails the act for different reasons.
Photos via the Green party and the Alberta government.
All this week, the Alberta government will be in court challenging the constitutionality of the new federal Impact Assessment Act, with the goal of preventing Ottawa from assessing the impact of coal mining projects in the eastern slopes or new oilsands in situ projects.
Treasury Metals Announces Positive Preliminary Economic Assessment for Goliath Gold Complex
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$477 Million pre-tax NPV
5%; pre-tax IRR OF 37.3% (post-tax $328 Million and 30.2%) at US$1,600 per ounce gold
TSX: TML OTCQX: TSRMF
Highlights
(all currencies are reported in Canadian dollars unless otherwise specified):
LOW CAPITAL INTENSITY PROJECT WITH PRE-PRODUCTION CAPITAL COST OF $233 MILLION AND PRE-TAX PAYBACK PERIOD OF LESS THAN 2 YEARS
ROBUST ECONOMICS WITH POST-TAX $328 MILLION NPV
5%; IRR OF 30.2%; AT US$1,600 PER OUNCE GOLD
MINE LIFE OF 13 YEARS, WITH AVERAGE ANNUAL GOLD PRODUCTION DURING FIRST 9 YEARS OF 102,000 OUNCES AND TOTAL LOM RECOVERED GOLD OF ~1.1 MILLION OUNCES
WORLD-CLASS INFRASTRUCTURE INCLUDES EXISTING HYDRO POWER, NATURAL GAS AND CP RAIL LINES PLUS TRANS-CANADA HIGHWAY
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OTTAWA, ON, Jan. 21, 2021 /CNW Telbec/ - Impact Assessment Agency of Canada
The Government of Canada oversees rigorous environmental assessments to ensure good projects that support economic growth and environmental protection get built.
After a thorough review based on the best available science and evidence, and extensive public engagement, the Minister of Environment and Climate Change Canada, the Honourable Jonathan Wilkinson, announced today the Government of Canada s decision to approve the Milton Logistics Hub Project, subject to 325 conditions.
The Milton Logistics Hub (the Project), proposed by the Canadian National Railway Company (the Proponent), is expected to reduce overall regional emissions for certain pollutants, including greenhouse gas emissions, by transitioning from trucks to lower-emitting train shipment. The Project will also contribute to a resilient economic recovery from COVID-19 by strengthening Canada s supply chains, attracting in
Spanish Mountain Gold Ltd.: Spanish Mountain Appoints Director, Sustainability & Indigenous Affairs and Resumes Environmental Assessment Process
Spanish Mountain Gold Ltd. (TSXV: SPA) (
Spanish Mountain or the
Company ) is pleased to announce the appointment of Doug Ramsey, M.Sc., R.P.Bio. as Director, Sustainability and Indigenous Affairs with overall responsibility for the processes related to environmental assessment (EA) as well as consultations with First Nations and communities for the Spanish Mountain gold project (the Project ) in British Columbia, Canada.
Mr. Ramsey will immediately resume the critical activities for the Project s environmental assessment under the recently adopted regulatory framework by the federal and provincial agencies. The Company expects to hold initial meetings with all levels of regulators and First Nations communities in January of 2021 to ensure all stakeholders are thoroughly informed of its project initiatives and sustainability strate