Mining News: Mineral Roundup in Nunavut Territory

Junior exploration and development companies have become the driving force behind much of the mining activity in the Nunavut Territory in recent years. In 2008, major mining companies also increased their presence, as they did in 2007, by conducting exploration work and by making strategic alliance agreements with the juniors. Indian and Northern Affairs Canada is the primary government regulator in Nunavut under the Nunavut Land Claims Agreement. In February 2008. INAC’s Nunavut Region Mining Recorder’s Office Feb. 16 said it issued 120 prospecting permits for 2009, down 43 percent from the 214 permits issued a year ago and the lowest number since 2004. Here’s a look at mining companies active during 2008 in Nunavut.

Producing mines Early in 2008, Tahera Diamond Corp., owner and operator of Jericho Diamond Mine – Canada’s third, and Nunavut’s first diamond mine – filed bankruptcy and sought creditor protection. Tahera opened the Jericho in 2006 and recovered and processed 155,000 metric tons (average grade of....

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Advanced exploration & development projects

Early stage exploration projects