Recent News

November 4, 2013

YELLOWKNIFE (October 29) – A new Northwest Territories (NWT) Economic Opportunities Strategy sets out a plan to connect NWT businesses and communities with economic opportunities by fostering a climate for growth, building on success in key sectors, investing in regional diversification and promoting opportunity readiness for people and businesses.

October 29, 2013

The town of Hay River, N.W.T., wants to show players in the up-and-coming Sahtu oil development that it's more than just a dot on the map.

Even though it's a long way from the Sahtu, businesses in Hay River want a piece of the oil play if it comes to fruition in the region.

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October 18, 2013

Yellowknife, NWT, is next at $133,670. Both municipalities have been at the top of the list since record-keeping began in 2001.

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October 2, 2013

Major energy companies led by Imperial Oil Ltd. have applied to drill for crude in the Beaufort Sea, targeting an area that could require operations in the deepest water yet for the industry in the Canadian Arctic.

September 24, 2013

YELLOWKNIFE, N.W.T. – My first trip to the Arctic was in 1984 to Inuvik, Tuktoyaktuk and a drilling rig 50 kilometres offshore in shallow water in the Beaufort Sea.

September 16, 2013

The Diavik Diamond Mine is using a wind farm, which was installed about a year ago, to power the site, which reduces the environmental impact of making diamonds.

Last year, the mine spent $31 million installing four wind turbines to harvest electricity at the site. The 100-metre structures were the first wind turbines anywhere in the Northwest Territories. The company is already seeing the benefits.

September 5, 2013

The company that owns the North's largest diamond mine says a new mining deposit there could potentially extend the life of the Ekati mine by more than a decade.

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August 26, 2013

Mining companies are set to meet with government this week in Yellowknife. Top of the agenda are concerns about regulatory delays and the expense of working in the North.

"If a well cost $5 million to drill in Alberta, currently that well could cost $30- to $50-million in the N.W.T." says Henry Sykes, president of MGM Energy Corp.

July 31, 2013

The Northwest Territories Power Corporation has officially unveiled its new Bluefish hydro dam.

The corporation bought Bluefish for $10 million a decade ago.

Leaders and politicians say the $37-million dam will pay for itself many times over its lifespan.

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July 16, 2013

An energy company is considering connecting two NWT hydroelectric systems through a transmission line west of Great Slave Lake. 

NT Energy, a sister company of Northwest Territories Power Corporation, is issuing a request for proposals (RFP) to examine the concept, which could involve about a 1,000-kilometre transmission line and cost more than $400 million.