August 22-27 is Mining Week in the NWT
It’s mining week in the Northwest Territories (NWT).
It’s mining week in the Northwest Territories (NWT).
You have no-doubt heard that mining is the NWT’s number one private industry contributor to the economy.
Once again, Mining has contributed nearly $1 billion to the GDP? How does that affect the People who live in the NWT? The first, and perhaps most obvious, answer is jobs and training for NWT residents.
Northern leaders, working together as the Intergovernmental Council (IGC), are now working to identify and develop the regulations that will be needed to bring the MRA into force.
Essential to renewable energy and clean technology — for everything from batteries to magnets, solar and wind — minerals like Lithium, Cobalt, Zinc, Copper and Rare Earth Elements (REEs) are now also considered to be critical to Canada’s economic security.
In mid-October of 2021, after five months of round-the-clock mining, crushing and sorting, 500 tonnes of high-grade rare earth elements (REE) concentrate from the Nechalacho rare earth mine landed at the NWT Marine Transportation Services dock in Hay River destined for processing in Saskatoon and Norway.
Until July 29th, the GNWT is requesting your input on how Mining Royalties will be managed under the new Mineral Resources Act.
It’s not just about gold and diamonds anymore.
Minister of Industry, Tourism and Investment Caroline Wawzonek issued the following statement on resource development in the Northwest Territories: