Coal Mining in Alberta

[Brent.ff]

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Is there a reason why grassy mountain is talked about now? The project has been in the works for 6+ years. Is this just riding the what I’m going to hate today train or is there more to it?

Grassy just finished their public engagement so was also being talked about a lot up to the coal leases that were in the news

[Brent.ff]

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Without having done any research myself, I suspect if you look at tourism vs mining in the location in question (well, anywhere probably), and are expecting the mine to be the one looking marginal, you'll be sorely disappointed.

https://open.alberta.ca/dataset/3110...2016_final.pdf

Really?

[90_Shelby]

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https://open.alberta.ca/dataset/3110...2016_final.pdf

Really?

I just skimmed that document but it looks like $563k in tourism revenue in 2016. Are you suggesting that the revenue from a coal mine would be less then that?

Edit: disregard, I just saw the ‘000s

[killramos]

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I just skimmed that document but it looks like $563k in tourism revenue in 2016. Are you suggesting that the revenue from a coal mine would be less then that?

I think those were ‘000s.

The more damning aspects were that almost all of those dollars came from people visiting friends and family, and the lions share of the lions share were dollars from Albertans.

Basically we are talking about bringing in literally no money that wasn’t already here. And I’m sure that money will still be around if we continue to try and destroy our resource sector.

It’s the kind of hypocritical mentality I would expect... from a British Columbian.

[dirtsniffer]

I think grassy is over a billion in investment just to get it running.

[Brent.ff]

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I think grassy is over a billion in investment just to get it running.

It’s not.
https://iaac-aeic.gc.ca/050/document...01/103941E.pdf

Total 730 mill, ~ 40% of which is foreign spent


For clarity, im not a big naysayer on Grassy, it's going through the IAA system as it should, so be it. I am not a fan of the UCP changing the policy on the Friday of a long weekend in a pandemic, and then pretending that they backed down by removing the most recent leases. Super schyster-y, and so typical of how the UCP feels about the people who elected them..

[msommers]

Any global energy usage projections I've read have coal essentially flat or very slightly down towards 2050. IMO this is simply because there isn't an economical replacement for steel and cement. So we should capitalize on it and at least know that we're likely the most environmentally responsible ones doing the extracting.

That said it's not perfect, and they need to get their environmental regulations under control, particularly with drinking water. Right now in Elk Valley they're fucking up both Canadian and American waterways and drinking reservoirs. For me that's a hard no until they figure their shit out.

Canada can't get it's act together WRT how it feels about resource extraction. Norway just awarded 61 licenses for the shelf FFS. Now look at the number of blocks sold YoY for offshore drilling by Nwfld....

[killramos]

Don’t worry Norway balanced it out by having Statoil, or Vrtusgnalco whatever it’s called now, divesting it’s interests in Athabasca.

Progress!

[bjstare]

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I think those were ‘000s.

The more damning aspects were that almost all of those dollars came from people visiting friends and family, and the lions share of the lions share were dollars from Albertans.

Basically we are talking about bringing in literally no money that wasn’t already here. And I’m sure that money will still be around if we continue to try and destroy our resource sector.

It’s the kind of hypocritical mentality I would expect... from a British Columbian.

There's this, and there's also the fact that Alberta South tourism region is literally all of Southern Alberta (excluding greater Calgary area). Not exactly apples to apples.

Regardless, that's kind of beside the point. Tourism and mining development are not (even remotely) mutually exclusive, so drawing the comparison is pointless. Mining development will absolutely not demolish tourism in the Alberta South region; it may have an effect on the specific area that would be dug up, but all the tourism dollars that would be tied to that specific area, would just go elsewhere in the province, like killramos said. This means we'll just be generating that much more revenue (tourism + mining, not just tourism). Double meat subs baby.

[Brent.ff]

I know. An article from the Tyee, must be left wing propaganda... do we really trust our regulators to hold these guys to account when ministers were going out of their way to encourage this development already?

https://thetyee.ca/News/2021/01/29/M...ah6tacnwdOGIrY

[ZenOps]

To start from scratch with Lithium is a waste. The only reason lithium is expensive right now is because its only been mined for a decade. Sometime around 2035 ish the limiting factor will be nickel and cobalt for batteries. The investment for lithium is get in - and get out before the decade is out. (Not professional investment advice, just personal)

Lithium ion in a battery is just that, lithium in ionic form. Literally less than 1 gram worth in an 18650 cell.

Lithium in earths crust is an order of magnitude more common than copper, and given enough time - will reflect that commonality by price.

https://en.wikipedia.org/wiki/Abunda...abundances.svg

Coal is going to be put under the gun by Biden. We have little say if they do not intend to buy.

[ZenOps]

https://www.newswire.ca/news-release...867148397.html

[ExtraSlow]

Burning more methane is a big thumbs up from me.

[ZenOps]

If you ask me both Kenney and the energy minister are delusional on the demand for coal. All that needs to happen is for China to give up on it, and the worldwide demand will literally be zero once the US shifts away from it.

I'm half thinking its just a game now to keep themselves and their kids employed in the industry.

[engibeer]

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All that needs to happen is for China to give up on it

I don't think they're delusional at all. There's an enormous demand for coking coal (metallurgical > making steel), especially across Asia. This report is a bit old but provides some more insight on the topic. A lot of it ends up in India.

[vengie]

Flyash shortage.

Burn more coal

[ThePenIsMightier]

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Flyash shortage.

Burn more coal

Pfffttt! What's flyash, anyways!!? Never heard of it on any of my social media feeds, therefore it's not important.

*nose back into phone... Oh! Juicy Kardashian gossip!

[Brent.ff]

Grassy Mine: Dead

https://iaac-aeic.gc.ca/050/document...3YahSsS_d66eaE

I'll eat some crow after this thread, i didnt think AER had the balls. The cynic in me thinks they took it on the chin cause of Nixon/Savage's handling of the file and AER had to prove they had some level of integrity regarding coal (and Ministers claim this as them protecting water)

[ExtraSlow]

The people who wrote that report do not know what "executive summary" means.

[ThePenIsMightier]

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The people who wrote that report do not know what "executive summary" means.

No shit.
You'd have an Executive Firing Squad before an executive got half way through the "summary".