Teck and Westshore reach agreement on BC coal shipments

The cash keeps pouring in to Champion Iron (TSX:CIA) and its subsidiary, Quebec Iron Ore (QIO).

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.

According to PwC's Mine 2017 report, Canada's largest mining companies played a key role in the international mining sector's emerging growth.

The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region’s key salmon industry.

Some of the worst fires, raging in BC’s interior, have grown overnight.

Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.

Rapidly spreading wildfires in British Columbia disrupted operations at two mining companies and damaged public utilities on Monday as 14,000 people were forced from their homes in the interior of the Western Canadian province.

The lender has been evaluating its pipeline-related policy for months and said it may make the decision of not financing those kinds of projects permanent before year-end.