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What was the mining industry like in Nunavut and the Northwest Territories in 2008?

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What was the mining industry like in Nunavut and the Northwest Territories in 2008?

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Mike Vaydik: The first three quarters were great particularly in Nunavut. Nunavut recorded the largest exploration expenditures it has ever had. They reported some great results and we have a mine under development, the Medowbank property, and that is something that does not happen to ooften. Nunavut was quite upbeat. The Northwest Territories was not that great. We’ve had a reduction in exploration expenditures, the only jurisdiction in Canada that had that with the commodities boom on. That was a big disappointment. We blame the regulatory process for putting road blocks in front of companies that are trying to do grass roots exploration with very low environmental impact. That is how we find mines. We have to get on the land to do very minimal work and only one in about ten thousand of those exploration activities turns out to be a mine. We think that maybe the regulatory process has been overreacting to some grass roots exploration. NJ: In the NWT there are areas with land claims s

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