Minister of Infrastructure and Industry, Tourism and Investment, Wally Schumann issued the following statement today on the GNWT’s participation in AME Roundup last week in Vancouver:
“The Northwest Territories has world-class mineral potential that could bring economic benefits to the residents of the Northwest Territories, industry players, and Canada and we have the tools needed and are committed to responsibly managing NWT resources.
“Last week, I had the pleasure of attending AME Roundup in Vancouver along with some of my Cabinet colleagues, Members of the Legislative Assembly, Indigenous Leaders and representatives, and GNWT staff. Our enhanced presence at Roundup, including attendance by Cabinet, is a way to acknowledge the significant contribution mining makes to the NWT economy, visibly signal support for the sector and welcome dialogue about future investments.
“It’s no secret that mining has played a large part in the history of the Northwest Territories and we know how vital this sector has been, and will continue to be in our territory. The reality though, is that natural resource development requires a social license to operate that some jurisdictions are still working towards. In the Northwest Territories we believe we have laid the groundwork for that social license and this is a part of the message that we shared with industry stakeholders last week.
“The GNWT and NWT Indigenous governments have agreed to work together to create a prosperous, sustainable future for the people of the NWT, that recognizes the importance of the non-renewable resource sectors like mining contribute. There’s a lot going on in our jurisdiction and events like AME Roundup provide a great opportunity to showcase and generate interest in NWT mining and share information about the Northwest Territories. In addition to a week full week of meaningful meetings and discussions with investors, exploration companies and our partners, I was pleased to celebrate some of this good news with our partners.
“The Socio-Economic Agreement signing that took place on the AME Roundup tradeshow floor between the GNWT and Fortune Minerals marked an important step on the road to the NWT becoming home to Canada’s first primary Cobalt mine. The Impact Benefit Agreement between NorZinc and the Nahanni Butte Dene Band was another well attended event and demonstrated how together the GNWT, Indigenous governments and industry, can achieve mutually beneficial success. At NWT Night, I was happy to announce the GNWT’s intention to partner with the Government of Canada to market the Mactung deposit and Cantung mine as Tungsten prices are on-the-rise. Together they offer as close to a turnkey project as exists in our North today and I look forward to getting this project off the ground and finding the right partner to help us do that.
“Attendance at AME Roundup is just one way our government is working together to seek out opportunities to meet with mining and financial companies to increase awareness of the NWT’s significant mineral potential and investment opportunities. Our territory offers a low-risk investment jurisdiction that is setting the bar for Indigenous partnership and contributes to improved outcomes for northern communities and meaningful opportunities for Northerners.”
Media and Communications Coordinator
Government of the Northwest Territories
Ph: 867-767-9140 ext. 11082