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Message: 4th reason not to invest

4th reason not to invest

posted on Aug 27, 2009 12:53PM

The regulatory framework in NWT has tightened up in regard to environmental standards, due to a series of environmental messes left behind by previous gold mines. This can lead to longer timelines for permits and increased costs for clean up deposits and mine closure commitments. HOWEVER, the upside of the legislatve/administrative process is that once approvals are obtained, they won't be overturned or yanked back at the whim of the government, that is to say that the geopolitical risk is very low. So reason number 4 is longer timelines and increased costs for permit process.

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Aug 31, 2009 03:06PM
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