Nunavut: Canada's Newest Mining Friendly Territory
The Territory of Nunavut was formed as a result of a land claims settlement. As a result, the Inuit are the landowners and the process of environmental assessment and permitting is legislated through the Nunavut Agreement signed in 1993. Mineral resource development is important to Nunavut. The development of mining projects in the West Kitikmeot region has far reaching impacts not only for our shareholders, but for the government and constituents of the Territory.While the environmental process is rigorous it is sophisticated and well prescribed, everyone at the table understands their rights and obligations.The first mine at Back River, the Goose Mine, has progressed through this process and is now fully authorized for construction and operations. The development of mining in Nunavut opens up a new mining frontier with many opportunities for other projects to come online.
As it was with the Timmins and Kirkland Lake belts in their infancy, the infrastructure that we now see around those world class mining districts in Ontario and Quebec grew because of development.As has been demonstrated by Agnico-Eagle’s Nunavut mines, as projects become large enough to sustain initial development, create jobs, and become economic, infrastructure to serve these operations begins to grow around them: investments and partnerships between the constituents of the land, industry and government evolve into sustainable development.