Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Fortune Minerals Ltd T.FT

Alternate Symbol(s):  FTMDF

Fortune Minerals Limited is a mining company. It is engaged in the exploration and development of mineral properties in Canada. It is focused on developing the NICO Cobalt-Gold-Bismuth-Copper Project in the Northwest Territories and Alberta that produces a bulk concentrate for shipment to a refinery that it plans to construct in southern Canada. It also owns the satellite Sue-Dianne copper-silver-gold deposit located 25 kilometers (km) north of the NICO Deposit and is a potential future source of incremental mill feed to extend the life of the NICO mill and concentrator. It also maintains the right to repurchase the Arctos anthracite coal deposits in northwest British Columbia. It also has a 100% interest in these 116 hectares of property south of Great Slave Lake with copper, silver, gold, lead and zinc showings. It has a 1% net smelter royalty covering 78 hectares of land positioned in a former silver mining district, located south of the Eldorado mining district at Great Bear Lake.


TSX:FT - Post by User

Bullboard Posts
Post by DoasIsayon Sep 19, 2013 10:42am
229 Views
Post# 21751350

Terrace Standard

Terrace Standard

Mediator hired to help resolve Klappan conflict

A WEEK after protestors began blockading drill rigs used by Fortune Minerals for preliminary work on their proposed Arctos Anthracite coal mine in the Klappan valley, the provincial government has appointed a mediator to negotiate the dispute.

London Ont. based Fortune Minerals entered the valley to do environmental work in July for their proposed coal mine, but was met with stiff resistance from both activists on the ground and leaders of Tahltan governing bodies.

A government press release on September 17 stated that Geoff Freer, the manager of a consulting company that oversees large construction projects and former assistant deputy minister for the Ministry of Energy and Mines, was appointed to “facilitate dialogue between the Tahltan First Nations and Fortune Minerals in an effort to allow the Arctos project to proceed.”

"Government is supportive of the legal right of any company who has worked within our laws, regulations and processes" the release states, "to be able to safely perform work within the scope of their Notice of Work and subsequently the Mines Act permit.”

The website of Geoscience BC, an organization for which Freer is director, states that when he worked for the government “Geoff was known as a problem solver and leader in supporting the industry and communities across the Province.”

In a recent effort to renew a shared decision-making agreement struck in March of this year between the Tahltan Nation and the Liberal government, a working group comprised of senior government officials and Tahltan was struck earlier this month that was also charged with consulting stakeholders such as Fortune Minerals.

This week's government press release indicating Freer's appointment as negotiator states that "We will continue to participate with the Tahltan in that existing working group to fulfill our commitment to explore protection in the rest of the Klappan."

Bullboard Posts

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse