Export of the country during this period is 78 billion and 890 Million Dollars, and the total import is 59 billion it reached 880 Million Dollars. Natural gas with 3 billion dollars, propane with 2 billion eight hundred Million Dollars, methanol with 2 billion dollars were the three main items of export goods. Agreement. The final agreement with russia to start the construction of the astara rosh rail line, in the meeting of the minister of roads and urban development with igor levitin , the special assistant to the president of russia, the two countries agreed that the development of transit and the implementation of the astara rosh rail line should be clarified by removing administrative obstacles. The implementation of the 164kilometer Astara Development route plays an essential role in completing the northsouth corridor. According to the agreement between the two countries, this was supposed to be built last may direction. Rail with the loan of russia will start from the beginning
Hallador Energy Company, through its wholly subsidiary Sunrise Coal, has announced investment in Knox County, Indiana, with the reopening of the Freelandville Surface Mine.
February 25, 2021 | Red Tape Hurts Investment in Canada
Stewart Muir Stewart Muir is founder and executive director of the Resource Works Society, a Vancouver-based group open to participation by British Columbians from all walks of life who are concerned about their future economic opportunities. He is an author, journalist and historian with experience on three continents including a financial editor of The Vancouver Sun responsible for mining and markets coverage. Since Resource Works was established in 2014, the group has gained international recognition for its practical approach to the public challenges of responsible natural resource development and use.
The biggest hold-up is split processes, both provincial and federal, whether it’s cutting permits for forestry or mining assessments. Walter Cobb explains.
But I don’t think Mayor Cobb and I agree on what is meant by “red tape.” If I am allowed to paraphrase his argument, red tape for him is the environmental assessment and approval process, which in his view is stifling the development of the proposed Prosperity Mine south of Williams Lake. Prosperity is a huge potential project seeking to mine 5.3 billion pounds of copper and 13.3 million ounces of gold. With copper around $3.60 per pound and gold around $1,800 per ounce, the mining play is valued at close to $43 billion at today’s prices. With inflation, it could end up generating twice as much. That is a lot of money.
But now we have red tape throttling development. The proposed Prosperity Mine, 125 kilometres south of Williams Lake, has reserves of 5.3 billion pounds of copper and 13.3 million ounces of gold. It’s huge. It would employ 550 people, create even more spin-off jobs, and add $340 million to our GDP each year. But we now have been through a full 20 years of process and government red tape on this, and we still have no mine and no jobs and no government revenue. The BC government approved the mine in 2010. But later in 2010 Ottawa’s separate review led the feds to reject the project, and they invited Taseko Mines Ltd. to submit a new design.