US$ 1.4bn construction of the Blackwater mine in British Columbia is expected to begin soon. This comes following the acquisition of an operating permit, the last requirement before the project could begin substantial development. It reportedly took the project almost ten years to complete the provincial and federal environmental licensing process.
The Blackwater mine in British Columbia will be the first significant open pit mine in the Canadian Province when it starts operations in ten years’ time. 334 million tonnes (Mt) of ore, and 584 Mt of waste rock, will be mined as part of the project. Additionally, 83 Mt of overburden will be mined.
Production on the $800 million first phase of the plant will begin in the second half of 2024.
A world-class mine
Artemis Gold has designed a world-class mine according to Josie Osborne, the minister of energy, mines, and low-carbon innovation in British Columbia. It will have one of the lowest carbon footprints for an open-pit gold project of its kind. Additionally, it has a defined path forward to substantially lessen that footprint.
Furthermore, it could potentially achieve net-zero carbon emissions. This would be done through the assimilation of a zero-exhaust-emission haul fleet by 2029.” explained Steven Dean, chairman, and CEO of Artemis Gold.
This endorsement is additional proof that the Blackwater mine in British Columbia complies with the highest requirements for ethical mining exploration and development in British Columbia. In order to provide renewable energy, Artemis Gold intends to connect the Blackwater project to the hydroelectricity-fueled BC Hydro system.
Benefits of the Blackwater Mine in British Columbia
The project supports the economic needs of the local region while bringing in First Nations as partners in training, business development, and job opportunities. Moreover, the Blackwater mine in British Columbia will help to meet provincial climate targets with the use of sustainable, clean electricity.
Furthermore, the mine is anticipated to be the greatest gold mine development project in British Columbia for the next decade. It might be expanded with additional investigation.