Glencore Xstrata boosts Hackett
KINNGUAK/BATHURST INLET - The recent merger of multinational mining companies Glencore and Xstrata has resulted in positive news for the Hackett River Project in Nunavut.
Vancouver-based Sabina Gold and Silver Corp. sold the Hackett River silver project to the former Xstrata Zinc Canada Ltd. in 2011.
Glencore International announced the Glencore Xstrata merger on May 2, after acquiring Xstrata.
In its latest mineral resources and ore reserves update, Glencore Xstrata increased its Hackett resource estimates by more than 30 per cent over the last Xstrata resource estimates.
Port and road project revisited
KITIKMEOT - Plans to build a Bathurst Inlet port and road project are being renewed after the Nunavut Impact Review Board gave the go-ahead for proponents to re-engage in the environmental assessment of the project.
Sabina Gold and Silver Corp. announced in a May 9 news release that the company is now working with Glencore Xstrata to finalize a partnership agreement on the port and road project.
Glencore Xstrata is preparing a draft environmental impact statement to be filed with the review board later this year.
Mining scholarship unveiled
NWT - Students aspiring to be the next leaders in the North's mining industry are being offered a new four-year scholarship opportunity from De Beers Canada.
The Snap Lake Diamond Mine owner announced the new addition to its NWT Scholarship Program on May 14, which is up to four years of financial support worth up to $55,000.
"The expansion of our NWT post-secondary scholarship program to include this new sponsorship component demonstrates our continued commitment to developing the next generation of mining industry leaders right here in the Northwest Territories," stated Glen Koropchuk, chief operating officer for De Beers in Canada. "We look forward to growing this program in the future, with the addition of the proposed Gahcho Kué mine."