PUBLICATION
British Columbia Power 2014
During the past two years, the government of British Columbia and BC Hydro, a crown-corporation accounting for 80% of the province’s generation capacity, have worked to plan the province’s energy future, as demand for electricity is expected to rise by 40% over the next 20 years. The government’s 10-Year Plan and BC Hydro’s complementary Integrated Resource Plan (IRP) call for extensive new investments and upgrades to infrastructure, including C$1.7 billion per year over the next 10 years on capital improvements. However, it is unclear whether plans for BC Hydro’s Site C, a long-proposed 1,100-megawatts (MW) project on the Peace River, will be approved or the development of substantial gas reserves through the construction of electricity-intensive LNG export facilities will occur.
RECENT PUBLICATIONS
It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.
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MACIG
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