Mining investment shrinks in Nunavut: NRCan – Nunatsiaq News
January 22, 2015
“These continue to be challenging times for funding exploration and mining projects”
Mining companies spent less on exploration in Nunavut in 2014 than the previous year, according to new estimates compiled by Natural Resources Canada.
The federal department looked at mineral exploration and deposit appraisal expenditures in all three territories last year, noting an increase in spending in only one of them — the Northwest Territories.
In Nunavut, exploration companies spent about $148 million last year, a decrease of 43 per cent — or $110 million — from 2013.
Read More: http://www.nunatsiaqonline.ca/stories/article/65674mining_investment_down_in_nunavut_nrcan/
