https://www.northernontariobusiness.com/
Agnico Eagle-Kirkland Lake Gold deal to be finalized in early 2022
Shareholders for Agnico Eagle and Kirkland Lake Gold have voted in favour of establishing a Canadian gold mining powerhouse.
Labelled as a “merger of equals,” both companies announced that its respective shareholders approved the combination at special meetings held Nov. 26. The two companies announced the $13.4-billion transaction back on Sept. 28.
https://www.nunavutnews.com/
Geology has landed Gary Vivian in some extremely remote Northern locations, and a few of those landings had his heart in his throat.
With a career that has spanned more than 40 years, he’s climbed aboard planes and helicopters thousands of times, bound for destinations that many Northerners have never seen. One trip made him fear for his life when the Beaver he was flying in lost engine power due to a frozen fuel line while outside of Rankin Inlet.
https://www.cbc.ca/news/canada/north/
Two mining projects in the Northwest Territories looking to cash in on the growing demand for batteries that are key in the battle against climate change are inching forward.
Robin Goad, the president and CEO of Fortune Minerals, the company that owns the NICO project, a cobalt, bismuth, gold and copper deposit about 50 kilometres northeast of Whatì, provided an update on the project during a virtual appearance at a geoscience conference held in Yellowknife Thursday.
https://www.miningnewsnorth.com/
In a deal that bolsters certainty for the future of the Diavik Mine and Northwest Territories’ economy, Rio Tinto has acquired full ownership of this iconic diamond operation in Canada’s Arctic.
Rio Tinto’s 40% partner in Diavik, Dominion Diamond Mines, filed for insolvency protection under the Canadian Companies’ Creditors Arrangement Act at the height of the COVID pandemic in 2020.
https://www.nnsl.com/
Ted Tsetta spent close to 30 years working at various Northern mines. He was employed by Subarctic Welding when he heard from a recruiter at the Polaris zinc mine on Little Cornwallis Island, approximately 100 kilometres north of Resolute Bay, in what is now Nunavut (it was still the Northwest Territories at the time).
“I got a call and I said, ‘Sure, I’ll go,’ I’m not going to hesitate in the mining industry,” Tsetta says. “I took that chance right off the bat.” He remembers his first day of work as a labourer at Polaris was Oct. 5, 1981. He was 19 and pulling in more than $3,000 every two weeks.
Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada’s first primary cobalt mine, said this week that its NICO project will greatly benefit from the about-to-be-open Tlicho all-season road, linking the community of Whati to the national highway system.
The Tlicho Highway is a 97-kilometre, two-lane gravel all-season road to Whati constructed by North Star Infrastructure under a 28-year, $400-million design-build-operate-maintain contract with the Government of the Northwest Territories. The capital costs include up to $53 million in federal government contributions through the Canada Infrastructure Fund.
https://www.cbc.ca/news/canada/north/
After three years, four hearings, two cancellations and other restrictions imposed by COVID-19, the fate of Baffinland Iron Mines Corporation’s proposed Mary River expansion project is now in hands of the Nunavut Impact Review Board (NIRB).
The most affected Nunavut community does not embrace the mining company’s plans for growth. “We don’t want to sacrifice our culture and tradition for jobs and benefits,” said Enookie Inuarak, of Pond Inlet’s hunters and trappers organization, on the final day of the NIRB hearing in Iqaluit.
https://www.miningnewsnorth.com/
Looking to strengthen the gold mine platform it is building in Nunavut, Agnico Eagle Mines Ltd. is investing roughly US$33 million into exploring its three main assets in the Canadian territory – Meliadine mine, Meadowbank Complex, and the recently acquired Hope Bay mine.
This robust investment in Nunavut is part of US$163 million of exploration the company has budgeted for all of its assets, which is substantially higher than the US$113 million invested in exploration during 2020 and a record for the company.
https://www.cbc.ca/news/canada/north/
A Pond Inlet, Nunavut, woman managed to lambaste the Baffinland Iron Mines Corp. on several fronts Wednesday, despite being about 1,000 kilometres north of the Nunavut Impact Review Board hearing underway in Iqaluit.
Anita Uuttuvak sat alone in a chair in front of a microphone, while speaking by videoconference in her home community. She looked straight into the camera, and spoke in Inuktitut and English about the mining company and its proposed expansion of the Mary River iron mine, now in its final assessment by regulators.
https://www.cbc.ca/news/canada/north/
Baffinland Iron Mines Corporation hopes to smooth the way forward for its expanded Mary River iron mine proposal during this week’s Nunavut Impact Review Board (NIRB) hearings in Iqaluit. But concerns over wildlife and the mine’s overall impact surfaced during the first day of community roundtable sessions held in Iqaluit, and remotely from Pond Inlet, Nunavut.
These contrasted with the mining company’s promises of increased environmental controls, more involvement for Inuit and attention to traditional knowledge, community improvements — and new cash for the community.
https://www.cbc.ca/news/canada/north/
Baffinland Iron Mines Corp. says mine could go into care and maintenance if expansion is denied
The next five days of hearings under the Nunavut Impact Review Board could prove critical to the future of the Mary River iron mine.
Baffinland, which owns the mine, is looking to come out of the review in Iqaluit with a positive recommendation for its Phase 2 expansion. This could lead to the federal northern affairs minister to grant a new project certificate to the mine, with conditions.
Iqaluit Coun. Kyle Sheppard says he plans to take another run at persuading his council colleagues to support the proposed expansion of the Mary River iron mine.
Baffinland Iron Mines Corp. wants to build a 110-kilometre railway from its Mary River mine to Milne Inlet, double its iron ore shipments through the Tallurutiup Imanga marine conservation area and add another dock to its port.
https://www.miningnewsnorth.com/
Found within the newest territory of Canada, Nunavut may seem barren and inhospitable, yet it has provided resources and succor to its First Peoples for thousands of years.
While European colonizers and the indigenous peoples in their ancestral home suffered many differences, it was the shared efforts of the two groups in trade and labor that bridged this gap, eventually leading to the formation of Nunavut itself.
Still plenty of potential in Faro lead-zinc mine, says serial entrepreneur Don McInnes
The tiny Yukon town of Faro, a four-hour drive northwest of Whitehorse, would never have existed were it not for the nearby lead-zinc mine of the same name, which is said to have been the largest in the world at the time it was built in the late 1960s.
At its peak the town was home to 2,100 people, with the Faro mine accounting for 35% of Yukon’s GDP.
DAWSON CITY, the Yukon Territory — The first tourists to Dawson City arrived in July of 1898, a few weeks before the boomtown’s second birthday.
Mrs. Mary E. Hitchcock (widow of a U.S. Navy officer) and Miss Edith Van Buren (niece of the former U.S. president) swept into the new gold-mining settlement, 170 miles south of the Arctic Circle, with opulent cargo: a zither, a parrot, canaries, a portable bowling alley, crates of fancy foods (pâté, truffles, olives), a movie projector, an exhaustive wardrobe (silks, furs, starched collars, sombreros), two Great Danes and a 2,800 square-foot marquee tent for their lodgings.
