Tag Archives: Prospectors & Developers Association of Canada

Zero-emission vehicle incentives coming to Canada’s mining sector

Canada is to extend its existing zero emission vehicle incentive to include off-road vehicles, providing a boost for the country’s mining sector at a time when it is looking to decarbonise operations.

In an announcement at the Prospectors & Developers Association of Canada’s (PDAC) annual convention in Toronto, Canada, taking place this week, the government said the move was predicated on helping Canada achieve its climate goals and keep its industries competitive.

This incentive would provide a 100% write-off of the purchase cost of eligible zero-emission vehicles and automotive equipment in the year they are put into use, the government said. It builds on the temporary incentives announced in the 2019 budget for on-road vehicles.

“Canadians expect their government to take ambitious action to protect our environment, while growing our economy and creating new jobs and opportunities for workers and businesses,” the government said. “To do this, we must support measures to accelerate Canada’s clean energy transition and help our businesses adopt the sustainable technologies of the future.”

It added: “This new incentive would encourage businesses, including in sectors like mining, transportation, and agriculture, to take advantage of opportunities to upgrade to newer, cleaner technologies.”

Justin Trudeau, Prime Minister of Canada, said: “We are supporting businesses that are making investments today to help protect our environment for future generations. By making it more affordable for Canadian businesses to make the switch to zero-emission technologies, we can help accelerate our transition to a low-carbon, clean-growth economy and create good middle-class jobs.”

Under this new incentive, to be eligible for an income tax deduction of 100%, vehicles would need to be available for use before 2024. The deduction allowance would decrease to 75% for 2024 and 2025, and would decrease to 55% for 2026 and 2027. Vehicles not available for use before 2028 would not be eligible for the accelerated deduction allowance, the government said.

Sandvik focuses on exploration technology for PDAC crowd

Sandvik Mining and Rock Technology will show off its exploration technology at the upcoming Prospectors & Developers Association of Canada (PDAC) Convention on March 3-6, with the DE712 Core Drill Rig one of the highlights.

Experts will be on hand to discuss the rig at booth 1031 in the Metro Toronto Convention Centre, Sandvik said, explaining the DE712 is suitable for both directional drilling and geotechnical drilling

“This rig features a capacity of 1,126 m depth in N size and is available in both, truck- and crawler-based configurations making it easy to transport across the site. Its open and accessible design make service and maintenance tasks fast and simple,” Sandvik said.

The DE712 comes with a heavy-duty frame and a robust design, Sandvik said. It is also a space efficient drill rig featuring a drill mast supported by a strong main hoist with a failsafe brake mechanism designed for angles between vertical and 45°.

“Equipped with a powerful diesel engine, water pump and highly efficient hydraulic system, this drill is easy to learn and simple to operate while its robust and precisely engineered design has proved its durability even in the toughest working environments,” the company said.

The DE712 also features a standard automatic fire suppression system and rod spin guard, which protects the operator from the rotating rod string. The on-board Sandvik Safe-T-Spin tool provides consistent pre-torqued joint in the drill string, increasing drill rod thread life while reducing use of stillsons and other hand tools, Sandvik said.

The Sandvik booth will also feature:

  • “BSU core barrel system featuring interchangeable components and offers standard and pump-in applications in a single system. The BSU system offers greater flexibility, a more cost-efficient solution, greater safety and increased productivity. The system is user-friendly and designed for safer handling. There is no need for different coring tool systems as this multifunctional system is ideal for both surface and underground applications;
  • “A new series of impregnated diamond core bits which simplify the selection for each geological condition and deliver unsurpassed balance between best penetration rates and optimum bit life;
  • “The RE531 RC down the hole hammer (86-102 mm (3 ⅜ -4 in) designed to achieve high penetration rates in all rock conditions while providing large, uncontaminated sample return and offering increased longevity and lower cost per metre.”