Mary River will site of Baffinland Iron Mines new and expanded mine. — Photo courtesy Baffinland.com There are a lot of mine developments on the hori
Mary River will site of Baffinland Iron Mines new and expanded mine. — Photo courtesy Baffinland.com
There are a lot of mine developments on the horizon in the territories of the north according to a published report in Up Here Business magazine.
When you add up all the potential investment it represents an estimated $14.3 billion. The list contains the names of many of Canada's (and the world's) largest mining companies. These estimates were compiled by the magazine’s researchers and were taken from company presentations.
Companies: De Beers / Mountain Prov. Diamonds
Cost: $600 million
Est. construction start date: 2014
Company: Avalon Rare Metals Inc.
Cost: $1.6 billion
Est. construction start date: 2014
Company: Canadian Zinc Corporation
Cost: $193 million
Est. construction start date: 2014
Company: Fortune Minerals Ltd.
Cost: $441 million
Est. construction start date: 2014
Company: Seabridge Gold
Cost: $1.5 billion
Est. construction start date: Permits expected early 2014
Company: Victoria Gold Corporation
Cost: $430 million
Est. construction start date: 2014/2015
Company: Baffinland Iron Mines Corp.
Cost: $750 million
Est. first shipment date: Summer 2015
Company: Tyhee Gold Corp.
Cost: $193 million
Est. construction start date: 2015
Company: Sabina Gold and Silver Corporation
Cost: $605 million
Est. construction start date: 2016
Company: Advanced Explorations Inc.
Cost: $1.4 billion
Est. construction start date: 2016
Company: Western Copper and Gold Corporation
Cost: $2.45 billion
Est. construction start date: 2016
Company: Agnico-Eagle Mines Limited
Cost: about $800 million
Est. construction start date: 2016
Company: Areva Resources Canada Inc.
Cost: $2.1 billion
Est. construction start date: 2018
Company: Copper North Mining Corporation
Cost: $178 million
Est. construction start date: Production target is 2016
Company: North American Tungsten
Cost: $402 million
Est. construction start date: unknown
Company: Xstrata Zinc.
Cost: $527 million
Est. construction start date: unknown
Company: Golden Predator Corporation
Cost: $30 million
Est. construction start date: unknown
Source: Up Here Business
