One of the Northwest Territories’ most promising industries received a boost to its online presence today as the NWT Film Commission officially launched its new website, www.nwtfilm.com. The new website offers an attractive hub of information for film industry representatives looking to use the NWT as a film location.
Territorial Premiers met in Iqaluit for the 10th Annual Northern Premiers’ Forum on June 26 and 27 to continue to implement their shared vision of a stronger North and a better Canada. Premiers noted that A Northern Vision: A Stronger North and a Better Canada, released in 2007, continues to guide their pan-territorial approach to ensuring a prosperous and sustainable North that will benefit northerners and all Canadians.
The Northwest Territories is embarking on an era of opportunity and growth. Global economies are changing, new markets are growing, and international focus is shifting north – and the NWT is poised to take full advantage of this incredible opportunity.
Host to over 500 participants including delegates and exhibitors from across Canada and beyond, this two day tradeshow and conference held every June in Inuvik, Northwest Territories is a must-attend event for the oil and gas sector. The 2012 Inuvik Petroleum Show is underway. Check it out here: http://www.inuvikpetroleumshow.com/
If you are in Yellowknife this week, come celebrate all the tremendous efforts of our workers and companies to support the important NWT exploration and mining industry. Their hard work continues to keep our industry strong. As the largest private sector contributor to the NWT’s economy, the NWT mining industry supports thousands of jobs at the mines, and spends several hundred millions of dollars every year to operate the mines.
The discovery of diamonds at Lac De Gras in 1991 marked the beginning of a new economic era for the Northwest Territories. Since then, the mining industry has become the backbone of our economy, creating over 2,600 direct jobs and an annual economic impact of over $750 million. However, there was no comprehensive plan in place to ensure the most is made of the mineral resources.
This past month marks a number of milestones that signal progress in the NWT. Check it out in the Chamber of Mines May newsletter!
Yesterday, Minister Ramsay, Minister responsible for Industry, Tourism and Investment addressed the Legislative Assembly to discuss Oil and Gas Potential and Activities in the NWT. Excerpts of this speech include: "The Northwest Territories is resource-rich and brimming with potential. Today I would like to speak about some exciting developments in the oil and gas sector, and of the significant opportunities the development of resources can bring to our residents.
The NWT Government announced today it is investing over $1 million to develop a Mineral Development Strategy and an Economic Development Strategy. In delivering the NWT Government’s Budget Address 2012‐2013, NWT Finance Minister Michael Miltenberger acknowledged a number of times the benefits of mineral exploration and mining.
The 2012-13 NWT Budget was announced on May 24, 2012 and projects an operating surplus of $74 million; returning the GNWT to its first surplus in five years. The Budget includes no new taxes. However, effective April 1, 2012, property tax mill rates, liquor mark-ups and a number of fees were adjusted for inflation. The 2012-13 Budget proposes $35 million in new funding to meet the priorities of the 17th Legislative Assembly.