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

By Rose Ragsdale
For Mining News 

Territory stumbles in race for riches

Northwest Territories presents mining industry with mixed bag North of 60 Mining News – August 1, 2018

 

Last updated 9/25/2020 at 5:57am

NWT mining mineral exploration outlook, challenges opportunities

Dominion Diamond Corp.

Northwest Territory is renowned for the quality diamonds recovered from three world-class mines there, including this 187.7-carat gem known as Foxfire, the largest diamond recovered from the Diavik Mine.

Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down.

"Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry,...



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