The Secret to Successful Mining Projects In The North

According to reports from The Conference Board of Canada, GDP in the Canadian Territories in the North is expected to grow by 3.6 % this year, and then 5.4 % in 2013. While this is not as strong as was originally predicted, the North will still outperform the rest of the country. Most economists agree that the primary reason for this strength in numbers in Canada's North is the mining industry.

All three territories have either existing or planned mining projects that can or will rival production anywhere in the world.

According to the Yukon Chamber of Mines, exploration expenditures in that Territory exceeded $300 million in 2011. Mineral production was estimated to have reached $485 million (compared to $46 million in 2006). The Chamber also advised that the sector directly employs 1,000 to 1,500 and that Yukon's three top operating mines directly employ some 750 at the mine sites alone.