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Gold/Mining/Energy : A CANADIAN DIAMOND HUNT

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To: Famularo who wrote (642)1/24/2002 12:11:58 PM
From: VAUGHN  Read Replies (1) of 930
 
Hello Frank

Can't say much as this is a public forum and I live here/there but a positive factor in all this is that Snap construction would now be starting when Diavik's ends. Therefore, the existing shortage of construction trades that is driving up costs won't be exacerbated.

Obviously there is insufficient information to offer much insight but the aforementioned should also allow local developers to begin addressing the significant accommodation shortage in YK resulting from the demand created by the development of these diamond mines.

This is a smallish community and the NWT as a whole has a limited skilled trades pool. Between the new diamond mines and O&G development, finding a tradesman can be both problematic and expensive. I am not entirely sure this delay is being met with complete frustration.

Bringing this discussion into the context of what TWG would face at JI (in Nunavut). Everything I have heard about the way Nunavut approaches development is very positive. There appear to be fewer overlapping jurisdictional bureaucracies, approval processes and the population especially Inuit see responsible development as more of an opportunity. In addition, I don't believe the political influence of southern environmental lobbies driven from urban Toronto easy chairs is quite so pervasive.

Inuit have a long and well developed culture of working together for the common good. That, combined with the scheduled closing of Nanasivik will I suspect assist in a facilitative approval process and progressive construction schedule. I suspect, the people of Arctic Bay and Resolute appreciate the appearance of a new employer so quickly in the face of impending layoffs from the existing one.

Add to the aforementioned the facts that all Inuit land claims are settled and all environmentally sensitive land and ocean has been selected and set aside, and you have a recipe for a much speedier and more facilitative mine approval process.

While TWG's suggested start-up of 2005 seems on the face of it to be overly optimistic by NWT standards, I am not so sure that is the case in Nunavut.

Regards

Vaughn
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