Nico pact addresses mine impacts, benefits

North of 60 Mining News – February 2, 2019


Last updated 9/25/2020 at 1:54pm

Fortune Minerals cobalt bismuth mine project Tlicho area Northwest Territories

Fortune Minerals Ltd.

A mine at Nico is expected to produce an average of 1,615 metric tons of battery-grade cobalt; 41,300 ounces of gold; 1,750 metric tons of bismuth; and 265 metric tons of copper annually over a span of 21 years.

Fortune Minerals Jan. 30 announced that it has entered into a socioeconomic agreement with the Northwest Territories government for the proposed Nico cobalt-gold-bismuth-copper project about 160 kilometers (100 miles) northwest of Yellowknife.

Signed at the Association for Mineral Exploration Roundup in Vancouver, British Columbia, the agreement formalizes objectives to maximize northern and in...

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