business opportunities in mining: a community perspective

Business Opportunities in Mining: A Community Perspective

2012 Nunavut Mining Symposium

Cambridge Bay InformationLocated on the south coast of Victoria IslandCentral hub for the Kitikmeot region and gateway to other destinationsDaily flights to/from Yellowknife and EdmontonMore than 110 registered businesses (represents a 10% increase from 2010)Primary Employers: Hamlet of Cambridge Bay, Government of Nunavut, Inuit Organizations and Private Businesses (mining, construction, transportation etc.)

Cambridge Bay Information (cont.)

Population: 1608 (2011 Stats Canada)

Population increased 12.8% between 2001 and 2006 and 8.9% between 2006 and 2011

Population0

200

400

600

800

1000

1200

1400

1600

1800

200120062011

Development in Cambridge BayGN and Federal Government announced $28 million infrastructure investment in Cam Bay

$16 million investment in airport improvements$12 million investment in a new water treatment plant, intake pump house and waterline upgrades

KIA Head OfficeNunavut Arctic College campusNew Municipal Office: construction in 2013Canadian High Arctic Research Station: currently in design phase, will begin construction 2014/15

Advantages of Doing Business in Cambridge Bay

High speed internet and mobile phone accessHotel Accommodations: 66 rooms, 104 guestsEducation and Training: Daycare with preschool programing, elementary school, high school and Nunavut Arctic College CampusKey Territorial Organizations Including: GN, NIRB, NTI, NPC, KIA, NRC etc.Established Business Community: construction, outfitting, logistics, retail etc.

Advantages of Doing Business in Cambridge Bay (cont.)

Ready labour force & heavy equipment on siteUnemployment rate of 9.7% (well below Nunavut’s average of 15.6%)Recreation facilities: weight room/gym, ice rink, curling rink, baseball diamonds, golf course, indoor swimming pool, indoor and outdoor basketball courts and Territorial Park

Kitikmeot Opportunities in MiningDespite recent setbacks, mining prospects in the Kitikmeot region remain promising8 mining projects could be operational in the Kitikmeot region in the next 10 years

Elgin – Ulu/Lupin (gold) MMG - IZOK/High Lake (copper, zinc, gold, silver) Newmont – Hope Bay (gold) Sabina – Back River (gold) Shear - Jericho (diamonds) Xstrata – Hackett River (base metals)

Kitikmeot Opportunities in Mining (cont.)

All projects are in various stages of exploration, permitting. If they were all to progress as scheduled, it could lead to:

Construction of 2 new portsConstruction of 400 - 600 kilometers of all-weather roads$500 - $600 million investment in business opportunities1500 employment opportunities

Kitikmeot Opportunities in Mining (cont.)

Business and Employment opportunities could include:

•Catering •Heavy Equipment Operators •Site Services •Marine Transportation •Aircraft Transportation •Trucking & land Transportation •Drilling services •Contract mining

•Medical Services •Construction Services•Security Services•Engineering services •Expediting •Environmental services •Legal services •Supply Services (explosives, cement etc.)

The Role of the EDO

All Nunavut communities have access to an EDO The EDO can/should be the first point of contactEDO’s are a resource for the Hamlet, residents and business community

The Role of an EDO (cont.)

What an EDO can do for Businesses:Assist with business start-upHelp identify new markets and explore business expansion opportunitiesComplete funding applications and business proposalsPrepare business plans or obtain funding for business plan development

The Role of an EDO (cont.)

What an EDO can do for Mining Companies:Arrange community consultations or council meetingsProvide information on the business community, development proficiencies and workforce statisticsDevelop project proposalsProvide information on Hamlet initiatives that may be of interest EDO’s can help fill gaps in the community and throughout the region

Thank youJim MacEachernjmaceachern@cambridgebay.ca867-983-4654

For an up-to-date listing of EDO’s please visit:http://www.nunavuteda.com/about-neda/edo-contact-list