North of 60 Mining News - The mining newspaper for Alaska and Canada's North

The Honorable Leona Aglukkaq, minister of the Canadian Northern Economic Development Agency, and member of Parliament for Nunavut July 30 announced the federal funding for the Iqaluit Marine Infrastructure Project under the New Building Canada Plan.

The federal government has committed to fund up to fund up to C$63.7 million of the roughly C$84.9 million project, the government of Nunavut will pay the balance.

When completed, the new marine port and sea lift facility at Nunavut's capital is expected to significantly reduce the time it takes to offload dry cargo and fuel; increase safety and reduce the risk of boat damage for small crafts; provide a safe harbor for ships in distress and a potential base of operations for military or search and rescue operations; enhance the feasibility of resource and economic development in the North; and build on Canada Arctic sovereignty.

"Our government will continue to work with the government of Nunavut to ensure infrastructure funding continues to flow in our territory as we focus on creating jobs, promoting growth, and building strong, prosperous communities across Canada's North," said Aglukkaq.

Peregrine Diamonds Ltd., which has outlined an inferred mineral resource of 8.57 million carats of diamonds Chidliak diamond project about 120 kilometers (75 miles) from Iqaluit, said the port would provide an important supply point for construction and operations, if a mine is developed.

"In addition to being a key component of the infrastructure required to construct and operate a diamond mine at Chidliak, the efficiencies that the port will bring will improve the quality of life and lower the cost of living for the people of Iqaluit and the communities on Baffin Island," noted Peregrine President and CEO Tom Peregoodoff.

Author Bio

Shane Lasley, Publisher

Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.

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