According to reports from The Conference Board of Canada, GDP in
the Canadian Territories in the North is expected to grow by 3.6 %
this year, and then 5.4 % in 2013. While this is not as strong as
was originally predicted, the North will still outperform the rest
of the country. Most economists agree that the primary reason for
this strength in numbers in Canada's North is the mining
All three territories have either existing or planned mining
projects that can or will rival production anywhere in the
According to the Yukon Chamber of Mines, exploration
expenditures in that Territory exceeded $300 million in 2011.
Mineral production was estimated to have reached $485 million
(compared to $46 million in 2006). The Chamber also advised that
the sector directly employs 1,000 to 1,500 and that Yukon's
three top operating mines directly employ some 750 at the mine
In Nunavut, there is tremendous activity. The proposed Mary
River project on northern Baffin Island – if it proceeds
– would be the North's largest industrial development to
date. The mine, which would be located 160 kms. south of Pond
Inlet, would cover 17,000 hectares and would cost in the order of
$4 billion to build. The mine would also require the construction
of a 150 km railway, and a port to be built at Steensby Inlet. From
there, a purpose-built fleet of approximately 10 icebreaking
freighters would transport iron ore year round. The mine and
related developments would require 3,000 workers for the building
process, and then 950 people to run the operations. There are a
number of issues to be discussed and resolved before this project
could proceed, but the significant volume of jobs and investment
dollars at stake for the region will make this an interesting
In Bathurst Inlet, MMG has submitted a proposal for the Izok
Corridor project (comprising the Izok Lake and High Lake deposits)
which is expected to produce in the area of 180,000 tonnes of zinc
concentrate and 50,000 tonnes of copper concentrate per year once
in production. While the operating Meadowbank mine may be slowing
down somewhat, it is still estimated to be producing around 300,000
ounces of gold per year.
Originally published in BLG's Team North Newsletter,
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
In Bank of Montreal v Bumper Development Corporation Ltd, 2016 ABQB 363, the Alberta Court of Queen's Bench enforced the "immediate replacement" provision in the Canadian Association of Petroleum Landmen 2007 Operating Procedure...
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