VANCOUVER, CANADA, NOVEMBER 15, 2012 -- It's time to economically value the greenhouse gas-trapping potential of mine waste and start making money from it, says mining engineer and geologist Michael Hitch of the University of British Columbia (UBC).
Hitch studies the value of mine waste rock for its CO2-sequestration potential, or "SP." He says mining companies across Canada will, in future, be able to offset CO2 emissions with so-named "SP rock," and within 25 years could even be selling emissions credits.