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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (636)	5/3/2001 7:34:52 PM
From: tyc:>	Read Replies (1) \| Respond to of 8273

I picked up the following Northern News report from the Tahera thread on Stockhouse. I find particularly interesting that the person heading the committee dealing with infrastructure is from SNC Lavalin. (SNC Lavalin was the company I referred to in a posting headed "The Canadian Way" on this thread. They had contracted with a Maritime Native band to develop their infrastructure). What is more to the point, it is SNC's strategy to own infrastructure, making their profits from tolls over the lifetime of the venture. For example, SNC is the builder/owner of Highway 407, Toronto's (and Canada's) first toll highway... and a great highway it is. At the Inmet Annual Meeting, it was mentioned that the feasibility study for the Bathurst - Izok road was already underway and that the completion of the study was expected in 2002. We cannot assume a positive outcome, but obviously things are progressing in Nunavut. This is a great story for Mining in the Great White North. Tooling up for the future Richard Gleeson Northern News Services Yellowknife (May 02/01) - The NWT and Nunavut Chamber of Mines is about to give itself an overhaul in hopes of becoming a more effective voice for the Northern mining industry. After a two-day meeting last week at the Lupin mine, chamber general manager Mike Vaydik said the establishment of a series of committees is an attempt to capitalize on the expertise of chamber members. "It's kind of crazy not to use them," Vaydik said. Heading up the committees are senior managers with some of the biggest companies doing business in the North, or anywhere else for that matter. John McConnell, vice-president of NWT projects for DeBeers, is overseeing industry promotion. Diavik public affairs manager Tom Hoefer will chair a committee on education and training. Hugh Wilson, Miramar Mining Inc.'s manager of environment services, will be chairing an environment committee. Eira Thomas, president of junior mining company Navigator Exploration will take charge of regulatory planning, and a Nishi-Khon/SNC Lavalin executive will head up a committee dealing with infrastructure. "There had been (a committee system) years ago ... but it started to fall apart when the junior sector sort of left the territory a couple of years ago," Vaydik said. The committees will be used to refine a strategy to promote mining development in the Northwest Territories and Nunavut. The chamber is in the process of establishing an office in Iqaluit. The committee chairs bring expertise specific to their respective committees. For example, in addition to his day job at Diavik, Hoefer also sits on the board of Aurora College, which plays an integral part in delivering training programs in the North. As the president of a junior mining company, Thomas deals with regulatory planning on an almost daily basis. The main challenge to the committees is getting everybody together. "Some of those people, even though they're working up here, are still based in Toronto and Vancouver, because that's where the money, the stock exchanges, is," Vaydik said.