The Prospector News

Governments of Canada and Yukon Reach a Decision That Advances the Kudz Ze Kayah Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Governments of Canada and Yukon Reach a Decision That Advances the Kudz Ze Kayah Project

 

 

 

 

 

The Government of Canada and the Yukon Government have come to a joint decision that concludes the environmental and socio-economic assessment process for the Kudz Ze Kayah project. The project can now proceed to the regulatory phase.

 

In the decades ahead, exponential growth is forecast in global demand for products such as solar panels, fuel cells, wind turbines and electric vehicles. These products will help the world transition to a green and digital economy. Critical minerals are essential to many of these clean and advanced technologies, and Canada is uniquely positioned to become a supplier of choice, leveraging its mining, processing and manufacturing expertise; its world-leading environmental, social and governance credentials; and its various high-potential, critical minerals–rich regions. The Yukon supports responsible mineral resource development that is carried out in an environmentally responsible way and addresses socio-economic impacts while providing benefits to Yukoners.

 

The Kudz Ze Kayah Project, proposed by BMC Minerals, is an open-pit and underground silver, copper, gold, lead and zinc mine development located approximately 115 kilometres southeast of Ross River, Yukon. Work will next advance to the permitting phase for the project, which is expected to have a construction period of approximately two years followed by an estimated 10-year mine life.

 

The project is anticipated to inject up to $720 million in capital expenditures into Canadian and Yukon economies over its life, providing up to 500 construction-related jobs and 400 operational jobs for Kaska First Nations, Yukoners and Canadians. The project will pay direct taxes and royalties to the federal and Yukon governments in the order of $620 million.

 

A decision document has been issued that varies the project terms and conditions recommended by the Yukon Environmental and Socio-economic Assessment Board, following a screening under the Yukon Environmental and Socio-economic Assessment Act. The joint decision was made following Indigenous consultations and full consideration of the potential impacts of the project on the Finlayson caribou herd, as well as through the development of varied terms and conditions and additional caribou data analysis. One of the additional conditions in the decision document includes the establishment of a Finlayson Caribou Herd Oversight Committee with representation from Kaska First Nations to provide input into the next phases of the project. The Oversight Committee is proposed to be established by the end of 2022 to consider results of project-specific data collection, effects monitoring, mitigation and adaptive management as well as provide input and make recommendations on the range-wide management of the Finlayson Caribou Herd.

 

Canada is committed to building meaningful relationships and partnerships with Indigenous Peoples. As such, additional time was necessary to advance meaningful consultation with potentially affected First Nations, particularly the Liard First Nation and Ross River Dena Council, regarding this project. Information, views and traditional knowledge from these communities were considered in the final decision on the project. Canada and the Yukon look forward to further engagement and consultation with all potentially affected First Nations as follow-on regulatory approvals related to the project are considered.

 

Associated links

 

Posted June 17, 2022

Share this news article

MORE or "UNCATEGORIZED"


Appia Announces Further 2021 Assay Results and Provides Drilling Update for Alces Lake Rare Earth Property, Northern Saskatchewan

Appia Rare Earths & Uranium Corp. (CSE:API) (OTCQX:APAAF) (Ge... READ MORE

July 6, 2022

K92 Mining Closes CAN$50 Million Bought Deal Financing

K92 Mining Inc. (TSX: KNT) is pleased to announce that, further t... READ MORE

July 6, 2022

NMG Issues Results of Feasibility Study for its Integrated Ore-to-Anode-Material Model Projected to be North America’s Largest Natural Graphite Operation with Attractive Economics

This news release constitutes a “designated news release” for... READ MORE

July 6, 2022

STEP OUT DRILLING AT PANUCO EXPANDS THE SAN ANTONIO VEIN ALONG STRIKE AND DOWN DIP

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

July 6, 2022

Brixton Metals Drills 64m of 5.74 g/t Gold Including 28.95m of 10.36 g/t Gold at its Trapper Target on its Thorn Project

Brixton Metals Corporation (TSX-V: BBB) (OTCQB: BBBXF) is pleased... READ MORE

July 6, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News