Peregrine Diamonds Ltd. PGDIF

Another article on the Federal Budget and nunavut - Hydro

[ekim]

This is even a better article as it has a couple of quotes out of Iqaluit.

--> CBC - nunavut article

Specifically:

 ...and $400 million for an Arctic Energy Fund to help Northern communities transition away from a reliance on diesel power.

 

Iqaluit's mayor Madeleine Redfern said she's happy with housing funds allocated in the budget.

"It's good that there is some stable funding on a year-by-year basis, instead of what usually happens — there'll be one large funding envelope and then nothing for many years," she said.

She said she's hoping the city can tap into the Arctic Energy Fund when it becomes available next year.

"In Iqaluit where we consume 50 per cent of the diesel for the whole territory, without a doubt I think we need to revisit hydro."

That hydro option was one of the options that Tom mentioned in the July webcast about sharing the cost.

LONG...PGD

EKIM

[shneps]

If you think a mine is difficult to get through all the enviromentals, try building a hydroelectric station. By the time you find the right location, look at flooding entire valleys and forever changing watercourses and flows. Ahhhh!!!!! Chidliak would be into Phase 4 production by then. Cogeneration may be the best thing for Iqaluit. Utilizing a "run of the river" generating station

[ekim]

Am i wrong in assuming that Iqaluit has the largest population in Nunavut and by default the largest consuption of diesel. So, the biggest environmental bang for the buck would be to get Iqaluit off diesel more so then a smaller community that has a diesel generator plant..but utilizes a proportionally less amount of diesel overall. Iqaluit should have a bullseye on it for alternatives to diesel

[shneps]

Exactly correct. 50% of the diesel for electricity in the territory. As Kid says we need this port and this area to become more self sufficient and establish itself in the north as "the go to" location. If you were in places like Sakatoon, Calgary and Fort Mac over the last ten years you will see the resulting business and infrastructure that follows oil, mines and seed grains. Mining is

[Kidlapik]

Baffinland iron mine is the only reason that the QIA has ever ran a profit. It is such a money maker that Northern Inuit communities are banding together in an attempt to become their own birth right organization so as to be able to determine how the royalties for that company are spent as they are unhappy with how much of it is funnelled into Iqaluit based businesses. That is not the only reason

[ekim]

Here is a nice timeline snapshot of Baffinland -- Baffinland article One might read it try portray how long a mine takes to develop in North.....50 years? brahahaha. Reality is it took the Chinese super cycle to move Mary River into a very very sweet spot by pushing iron ore prices historically up, up and up. Mary River was literally dead in the frozen arctic water for decades for very