Harper's cabinet mulls massive Chinese Arctic project
Another massive Chinese-owned resource project is before Prime Minister Stephen Harper's cabinet.
Some time in the new year, four federal ministers are to decide how to conduct an environmental review for the Izok Corridor proposal. It could bring many billions of dollars into the Arctic but would also see development of open-pit mines, roads, ports and other facilities in the centre of calving grounds for the fragile Bathurst caribou herd.
It would be hard to exaggerate the proposal's scope. Centred at Izok Lake, about 260 kilometres southeast of Kugluktuk, the project would stretch throughout a vast swath of western Nunavut.
Izok Lake would have five separate underground and open-pit mines producing lead, zinc and copper. Another site at High Lake, 300 kilometres to the northeast, would have another three mines.
"The Harper government has noted the importance of mineral investment in this region and the importance of that to unlock benefits for the local communities. We certainly see that we're very aligned in our strategy with that."
China Gold International Resources Corp. Ltd. 2444 ..... Rubicon Minerals Corporation. 2908 ...
Mundoro Capital Inc. (TSXV: MUN ... to dissident shareholder Northern Minerals Investment Corp. regarding their .... the Company through its wholly-owned subsidiary, Stara Planina Resources ... Mundoro Completes Strategic Transaction With China National Gold Hong Kong Limited ...
.com/s/NewsReleases.asp Mundoro Capital
- fully funded for gold exploration in both Serbia and Mexico...SHARE HOLDERS would want MUNDORO and Rubicon Minerals and Africa Berric IN CGG NAME CNG!