The Definitive List of Natural Resource Megaprojects in Canada

All Natural Resource Megaprojects Under Construction in Canada in 2023

There are 470 major projects under construction or planned over the next ten years in Canada, with a combined potential capital value of $520B. Let's get to it.

Most Notable:

1. Grassy Point LNG in NL ($7.2B)

2. Meaford Storage Project in ON ($4.3B)

3. Northern Ammonia and Methanol Facility in AB ($2.5B)

Largest Uptick in Potential Investment:

1. Transmountain Pipeline Expansion (from $12.6B to $21.4B)

2. Peace River Site C Hydro Project (from $10.7B to $16B)

3. Bay du Nord Offshore Project (from $6.8B to $12B)

Largest Mining Projects:

1. Jansen Potash project in SK ($7.5B)

2. Kerr-Sulphurets-Mitchell “KSM” project in BC ($7.2B)

Largest Clean Energy Projects:

1. Peace River Site C Hydro project in BC ($16B)

2. Two nuclear refurbishment projects in ON ($25.8B)

3. Dow Net-Zero Polyethylene Derivatives Facility in AB ($10B)

4. Keeyask Hydro Project in MB ($8.7B)

Largest Natural Resource Megaprojects by Province

NL:

1. Bay du Nord Offshore Project ($12B)

2. Grassy Point LNG ($7.2B)

3. Kamistiatusset Mine ($1.3B)

There is one clean technology project included in the NL inventory valued at $19.7M. This is a new advanced pellet plant announced by Active Energy Group.

Location of offshore gas fields and proposed 600 km pipeline connecting to Grassy Point, Placentia Bay, NL:

NB:

1. Mactaquac Dam upgrades ($3.3B)

2. Sisson Project ($0.6B)

3. Smart Grids Investments Phase Project ($0.2B)

NS:

1. Goldboro Gold Mine ($0.3B)

2. Pirate Harbour Wind Farm ($0.2B)

3. Cochrane Hill Mine ($0.1B)

PEI:

1. Summerside Solar Farm ($69M)

2. PEI Energy Corporation Wind Farm #5 ($60M)

3. Western PEI Transmission Upgrade ($44M)

4. Borden Battery Park ($35M)

5. Slemon Park Micro-Grid Project ($25M)

Wild Energy Developments in PEI:

NU:

1. Mary River Iron Ore Project ($1.3B)

2. Back River Gold Project ($0.6B)

3. Hope Bay Gold Project ($0.7B)

YT:

1. Casino Mine ($3.3B)

2. Kudz Ze Kayah Mine ($0.5B)

3. Coffee Gold Mine ($0.3B)

There are two clean technology projects included in the YT inventory valued at $55M. This includes a Grid-Scale Battery Storage Project ($35M) and the Haeckel Hill Wind Farm ($20M).

NT:

1. Taltson Hydroelectric Expansion Project ($1.2B)

2. NICO Cobalt-Gold-Bismuth Mine ($0.6B)

3. Pine Point Mine ($0.6B)

There are three clean technology projects included in the NT inventory valued at $1.2B. This includes the aforementioned Taltson Project, the Inuvik Wind Generation Project ($40M), and the AWP Industrial Park ($20M).

BC:

1. LNG Canada Phase 1 ($36B)

2. Kitimat Clean Oil Refinery ($22B)

3. ESE Synthetic Crude Pipeline ($18B)

4. Peace River Site C Project ($16B)

Site C Highway 29:

AB:

1. Athabasca Oil Sands Project at Jackpine ($12B)

2. Dow Net-Zero Polyethylene Facility ($10B)

3. SAGD May River Project ($10B)

SK:

1. Jansen Potash Project ($7.5B)

2. Esterhazy K3 Project ($1.7B)

3. Star-Orion Diamond Project ($1.4B)

Star-Orion Rough Diamonds:

MB:

1. Keeyask Hydro Project ($8.7B)

2. Lynn Lake Mine ($0.4B)

3. Portage Area Capacity Enhancements ($0.2B)

ON:

1. Bruce Nuclear Refurbishment ($13B)

2. Darlington Nuclear Refurbishment ($12.8B)

3. Meaford Pumped Storage Project ($4.3B)

QC:

1. Romaine Hydroelectric Complex ($6.5B)

2. Champlain Hudson Power Express Transmission Line ($2.2B)

3. Strange Lake Mine ($1.6B)

Torngat is planning to use hybrid airships for transport to its proposed Strange Lake rare earth mine in Quebec:

Information current as of date of publication.

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