Skip to content

Mines and dams for the Yukon and NWT

Are more hydro dams and transmission lines to power mining projects in the future for the Northwest Territories and the Yukon?

Proposed flotation plant

In the NWT, London, Ont.-based Fortune Minerals Ltd. needs power for their proposed NICO gold-cobalt-copper mine, located about 160 kilometres from Yellowknife. Construction on the mine is scheduled to begin in 2014. Toronto-based Avalon Rare Minerals Inc. says cheaper power would change the rate of return on their proposed $1.6 billion Nechalacho Rare Earth Elements mine in Thor Lake. This mine would include a tailings management facility and barge docking facilities on Great Slave Lake.

NWT officials are asking the Harper government to increase their borrowing limit so that new power facilities – notably a hydro generator and transmission lines – can be built. The Yukon is seeking federal funding for a new $100-million dam (the site has not been chosen yet).

Companies say that more power would make more resource extraction projects viable.

Barge route

Further Reading:

Globe and Mail

Globe and Mail