Nunavut mineral exploration set to rise slightly in 2015: NRCAN – Nunatsiaq News
March 11, 2015
Investment expected to rise from $144.6 million to $174.3 million
After nosediving in 2013 and again in 2014, the amount of money that mining and mineral exploration companies plan to spend in Nunavut is set to rise in 2015.
That’s according to the latest exploration look-ahead on exploration spending from 2010 to 2015, compiled by Natural Resources Canada and released March 9.
The information for Nunavut shows that spending dropped from $422.5 million in 2012 to $257.6 million in 2013. The spending drop continued in 2014, ending up with a total expenditure of only $144.6 million.
