Search results
Results from the WOW.Com Content Network
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]
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.
Nanisivik Mine was a zinc-lead mine in the company town of Nanisivik, Nunavut, 750 km (470 mi) north of the Arctic Circle on Baffin Island. It was Canada's first mine in the Arctic . [ 1 ] The mine first opened on 15 October 1976 and permanently closed in September 2002 due to low metal prices and declining resources.
The $690 in direct costs from a tariff on Canada would amount to a 0.42% increase in consumer prices overall — just a small fraction of the cumulative 21% price inflation households experienced ...
Nanisivik (Inuktitut: ᓇᓂᓯᕕᒃ, lit. 'the place where people find things'; / n ə ˈ n iː s ɪ v ɪ k /) is a now-abandoned company town which was built in 1975 to support the lead-zinc mining and mineral processing operations for the Nanisivik Mine, in production between 1976 and 2002.
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.
Commanding Officer Richard Reville said the had a ‘soft spot’ for the 6,000-tonne RFA Stirling Castle.
The Klondike Gold Rush [n 1] was a migration by an estimated 100,000 prospectors to the Klondike region of Yukon in northwestern Canada, between 1896 and 1899. Gold was discovered there by local miners on August 16, 1896; when news reached Seattle and San Francisco the following year, it triggered a stampede of prospectors.