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Falling metal prices and shrinking resources led to the mine's closure in 2002. [12] On 8 August 2007, CBC News reported documents from the Canadian Forces showing plans to convert the site into a naval station. The plan was to turn the former mine's existing port into a deepwater facility at a cost of $60 million. [13]
On 8 February 2019, the Canadian government awarded Lockheed Martin Canada a C$185 million contract to design a fleet of up to 15 warships based on the Type 26 (the Canadian Surface Combatant), with a total program cost of $60 billion. The amount of the contract will increase as the design work increases.
Mines can be laid in many ways: by purpose-built minelayers, refitted ships, submarines, or aircraft—and even by dropping them into a harbour by hand. They can be inexpensive: some variants can cost as little as US $2,000, though more sophisticated mines can cost millions of dollars, be equipped with several kinds of sensors, and deliver a warhead by rocket or torpedo.
In fall 2015, high increases in costs were reported, more than doubling to $30 billion from $14 billion for the new warships. [34] The total cost of the naval ship building program rose from $26.2 billion to $42 billion in a study.
However, the total costs were reported to be nearly $1 billion, a figure attracting considerable criticism. [40] On 8 February 2019, Canada signed an agreement with Lockheed Martin Canada, BAE Systems, Inc. and Irving Shipbuilding to design and construct the $60 billion Canadian Surface Combatant (River-class destroyer) project. [41]
On August 8, 2007, CBC News reported that Canadian Forces documents showed plans to convert the site into a naval station. The plan, which would turn the former mine's existing port into a deepwater facility, would cost $60 million and it was expected that Prime Minister Stephen Harper would make an announcement during his stop in Resolute. [19]
The project cost is estimated between $50–99 million. [10] Advanced Improvised Explosive Device (IED) Detection and Defeat: TBD: TBD: 2019–2036: TBD: The project will examine land and air based remote system to detect and defeat land mine and improvised explosive devices. The project cost is estimated between $100–249 million. [11]
The Kingston class consists of 12 coastal defence vessels operated by the Royal Canadian Navy.The class is the name for the Maritime Coastal Defence Vessel Project (MCDV). ). These multi-role vessels were built and launched from the mid- to late-1990s and are crewed by a combination of Naval Reserve and Regular Force pers