THE MINING OPPORTUNITIES IN THE NWT AND NUNAVUT
As part of its strategy to attract investments and drive economic growth in the Northwest Territories, the Conseil de développement économique des Territoires du Nord-Ouest (CDETNO) rated the mining industry sector as a high potential investment opportunity
Many business opportunities arise at every step of a mining project for a variety of supporting activities
Mines in the NWT and Nunavut
* Cantung (Tungsten) closed down 2015 due to the market prices
* Snap Lake (Diamonds) suspended in 2015 for economic reasons
The main results of this study highlight opportunities and strengths and threats and weaknesses
Opportunities and Strengths
Rich mineral potential
Devolved federal powers
Simplified legislative framework
Threats and Weaknesses
Lack of infrastructure
Unsettled land claims
Lack of specialized workforce
Five strategic courses of actions were identified :
Exploration projects in the NWT and Nunavut
1. Business partnerships
2. Revived exploration
3. Promoting Yellowknife as a hub of Northern development
4. Human resource development
5. Seizing identified opportunities
Read the Study