Mining Development in Kitikmeot region on hold

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Mine development in western Nunavut has mostly come to a halt. Projects that have scaled back or stopped, include:

  • MMG Ltd’s Izok Corridor Project, with its proposed port, road, and two base metal mines is in care and maintenance mode;
  • Hackett River project and Bathurst Inlet Port and Road project operated by GlencoreXstrata PLC, have been delayed;
  • Sabina Gold and Silver Ltd’s Back River project has been scaled back and a new feasibility project is in the works;
  • Jericho diamond mine is in care and maintenance mode and could be reclaimed or re-sold; and;
  • Lupin Gold Mine and Ulu camps, owned by Manadalay Resources, remain in care and maintenance.

TMAC Resource’s Hope Bay project, however, continues to develop and will include payments to the Kitikmeot Inuit Association (KIA) of one per cent of the value of all gold produced if the mine goes into production. The KIA will also receive $1 million a year to offset land management, environment permitting and the implementation of the Inuit Impact and Benefits Agreement.