GREY:ADEXF - Post by User
Comment by
Greenandgold.on Mar 01, 2012 7:25pm
194 Views
Post# 19614482
RE: HUGE BOOST FOR MINING IN NUNAVUT
RE: HUGE BOOST FOR MINING IN NUNAVUT Baffinland's been going through the environmental process with the Nunavut Impact Reveiw Board since March 2008. Four years later and there's a little light at the end of the tunnel. There are final hearings in July, and a decision probably won't be entered until Q1 2013. So the whole permitting process will take 5 years if everything breaks right.
*
AXI hasn't registered any of their projects for what could be a 5-year environmental permitting process. Still, they trumpet the possibility of "early start-up scenarios" in 2013. Absurd. Nunavut is a place for giant mining companies with great technical capabilities, endless reserves of cash, and infinite patience. Arcelor fits the bill, AXI does not.