Mining & Infrastructure in the Kitikmeot Making the Most of - - PowerPoint PPT Presentation

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Mining & Infrastructure in the Kitikmeot Making the Most of - - PowerPoint PPT Presentation

Jan 12, 2023 277 likes •465 views

Mining & Infrastructure in the Kitikmeot Making the Most of Opportunities Tom Hoefer, Kitikmeot Trade Show Cambridge Bay, February 15, 2011 Kitikmeot opportunities whats possible 8 mining projects in next 10 years

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Mining & Infrastructure in the Kitikmeot – Making the Most of Opportunities –

Tom Hoefer, Kitikmeot Trade Show Cambridge Bay, February 15, 2011

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Kitikmeot opportunities – what’s possible

  • 8 mining projects in

next 10 years

  • 3 distinct ports &

more than 600 km of all weather roads

  • Training & jobs
  • Business opp’s
  • New revenues
  • Community benefits

102 km Meadowbank road

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Compare: NWT Diamond Mines

19 95 1998 20 01 2 004 200 7 2 010 201 3 20 16 2 019 20 22 2 025 202 8

Ekati Diavik Snap Lake

  • 3 diamond mines in 10 years
  • Significant benefits achieved (to date)

– 13,000 person years of northern employment – half Aboriginal – $8 billion in northern business, half Aboriginal – $ millions in scholarships, IBAs, community donations & contributions, – plus significant taxes and royalties

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Diamonds now hugely important to NWT

  • The contribution of diamond mining to the NWT

economy is significant.

NWT, Nunavut and Yukon Mining Production

$0 $500 $1,000 $1,500 $2,000 $2,500 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

$C Millions

NWT Nunavut Yukon

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Kitikmeot mining – what is possible

  • NOTE:

PROJECTIONS ARE SUBJECT TO CHANGE.

2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034

Jericho Izok High Lake Lupin & Ulu Gold Doris North Hope Bay Goose Hackett

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Job opportunities

  • Challenge: Diamonds achieved about 60% northern

employment and 32% Aboriginal employment. What could the Kitikmeot do?

500 1,000 1,500 2,000 2,500 3,000 3,500

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

# of Jobs

Hackett Goose Hope Bay Doris North Lupin & Ulu Gold High Lake Izok Jericho

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Business opportunities

  • Challenge: Diamonds achieved 70% northern purchasing

and half Aboriginal. What could the Kitikmeot do?

$0 $200 $400 $600 $800 $1,000 $1,200

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032

$C in m illions

Hackett Goose Hope Bay Doris North Lupin & Ulu Gold High Lake Izok Jericho

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Cheaper shipping opportunities

  • New east / west shipping adds capacity, reduces

costs to mines and to communities too.

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600 km of roads & port opportunities

  • What other opportunities can this offer?

Construction, maintenance, operations?

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Communications opportunities

  • Diamond mines partnered

with NWTel for reliable communications capacity

  • Microwave towers now

extend half way from Yellowknife to the coast

  • Could Kitikmeot mines

partner, and link in?

  • AND benefit communities?

Yellowknife Prelude Lake Paterson Lake Brown Lake Mackay Lake Courageous Lake Ekati Diavik Snap Lake

22km 62km 63km 55km 54km 68km 42km 54km

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Other opportunities

  • Various revenues

– Government savings in reduced income support costs – Government revenues in income, corporate, fuel taxes, etc. – Royalties – government and Inuit

  • Community contributions

– Scholarships – Donations & sponsorships

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Tremendous opportunities … BUT

  • We must identify and address challenges

– Markets favourable now, but can change – Regulatory capacity inadequate – Community readiness to maximize socio-economic

  • pportunities

– Community acceptance of development – Infrastructure hurdles

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Strength in working together

  • To successfully develop 8 mining projects will

require

– Vision – Coordination – Cooperation not competition – Communication – Strengthened capacity – Human and financial resources

  • Stakeholder cooperation

– Industry, GN, Canada, NTI, KIA, others

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Recommend: Creation of Kitikmeot Mineral Development Partnership

  • 8 mines in 10 years is a huge task
  • Proposal: Create a Kitikmeot Mineral

Development Partnership

– Unique, regional development planning partnership – Senior level representation – Members: Industry, GN, Canada, NTI, KIA, others

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Kitikmeot Mineral Development Agreement

  • Craft a Kitikmeot Mineral Development

Agreement that will:

– Confirm commitment and participation – Align and bind parties to clear, agreed upon

  • bjectives

– Demonstrate trust to facilitate cooperation – Magnify power and influence greater than any one party’s – Demonstrate a powerhouse that can get the job done – Maximize positive outcomes for each party

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Create legacy through partnership

  • By working together in a coordinated and

cooperative approach EARLY, we can make the most of mining development opportunities in the Kitikmeot

  • We can create the best legacy – a future of

healthy communities and a more self-reliant Nunavut

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Koana

Photo credit: Diavik Diamond Mine