Post by : Mina Rahman
Caitlin Cleveland, the Minister of Industry, Tourism and Investment for the Northwest Territories (NWT), has labeled the government’s engagement at the international mining event Resourcing Tomorrow in London as “crucially significant.” The participation of three delegates incurred travel expenses approximating $21,000.
Minister Cleveland stated that global industry gatherings like this are essential for fostering direct connections with potential investors. She emphasized the importance of establishing the Northwest Territories as a reliable and appealing location for international mining operations.
Nevertheless, this overseas excursion has ignited political and public scrutiny. MLA Kieron Testart from Range Lake raised concerns regarding the prudence of using public funds for investment promotion abroad, especially given the territory's unclear mining regulatory framework. He highlighted that investors predominantly focus on the ease of conducting business in a region.
While the Northwest Territories enacted the Mineral Resources Act in 2019, the necessary accompanying regulations remain unimplemented, with the government anticipating complete enforcement of the legislation by 2027.
Wally Schumann, a former ITI minister, noted the urgency of drawing new investments as the territory's three diamond mines near their closure. However, he asserted that mere marketing isn’t sufficient. Achieving resolutions on land claims and ensuring collaboration between Indigenous governments, territorial authorities, municipalities, and communities around a unified development strategy are equally important.
The conference also showcased Tłı̨chǫ Grand Chief Jackson Lafferty, who advocated for Indigenous leadership, environmental responsibility, and collaborative development. He conveyed a strong message: Indigenous communities now wish to be proactive in decision-making processes influencing their territories.
Mattel Revives Masters of the Universe Action Figures Ahead of Film Launch
Mattel is reintroducing Masters of the Universe figures in line with its upcoming film, tapping into
China Executes 11 Members of Criminal Clan Linked to Myanmar Scam
China has executed 11 criminals associated with the Ming family, known for major scams and human tra
US Issues Alarm to Iran as Military Forces Deploy in Gulf Region
With a significant military presence in the Gulf, Trump urges Iran to negotiate a nuclear deal or fa
Copper Prices Reach Unprecedented Highs Amid Geopolitical Turmoil
Copper prices soar to all-time highs as geopolitical tensions and a weakening dollar boost investor
New Zealand Secures First Win Against India, Triumph by 50 Runs
New Zealand won the 4th T20I against India by 50 runs in Vizag. Despite Dube's impressive 65, India