The Northwest Territories is a land of remarkable beauty and tremendous economic opportunity. An abundance of resources support a thriving economy; diamonds, gold and other minerals, oil and...
Manufacturing
The majority of manufacturing occurs in Yellowknife and Hay River. Products include wood and metal fabrication for the mining and exploration industries, concrete products, cabinets, boat construction, and custom furniture and other home products.
Diamond cutting and polishing businesses have provided employment in the past, taking advantage of the obligation of northern diamond mines to supply product to local businesses. The 2007 recession and extremely low operating costs offshore have created considerable turmoil in this area.
Added value mineral processing is a promising manufacturing area. Discussions may lead to development of a hydromet mineral processing plant at the old Pine Point Mine site. The plant would provide services for Avalon’s rare earth metals project, one of several potential mineral developments. Employees could be drawn from the skilled labour pool in Hay River.