Government board rules against Arctic uranium mine – Mining.com
May 10, 2015
A $2.1 billion proposal to build a uranium mine in the Canadian far north will not be proceeding anytime soon.
The Nunavut Impact Review Board, which was evaluating public hearings about the proposed mine in the Nunavut territory, has recommended against the project at this time, though not indefinitely. “[S]ince Areva’s Kiggavik project lacks a definite start date or development schedule, its environmental and social impacts cannot be properly assessed,” CBC News reported on Friday.
The decision appears to have been based on statements from Areva, the French nuclear giant, which acknowledged that with uranium prices being so low, it could be up to two decades before construction actually begins. However the Nunavut Impact Review Board opened the door to another evaluation if and when a start date becomes more firm.
Read More: http://www.mining.com/government-board-rules-against-arctic-uranium-mine/
