Thank you, Mr. Speaker. Mr. Speaker, the situation with Royal Oak, and specifically the concern for us here in the Northwest Territories is two holdings of Royal Oak, which are the Giant Mine and the Colomac Mine, specifically more the Giant Mine here. There is going to be a decision, I understand, on Friday. The judge that is reviewing this has given until Friday for a decision. I understand that the judge has asked Trilon, the financier, and the noteholders to come to court on Friday with a more detailed restructuring plan for Giant Mine. This is what we understand to be. At the present time, we have to wait and see what we are doing.
What we are doing as a government is, we had a briefing from DIAND on this issue to indicate to us the seriousness of this situation here in regard to Yellowknife. We, as a government, would like to ensure that we protect the economic viability of this mine and we also want to ensure that the environmental issues are adequately dealt with, both in the short term as well as the long term. Our officials have been meeting with the officials of the federal government, the City of Yellowknife, as well as the Northwest Territories Power Corporation over the weekend to monitor developments as they occur. In addition, Minister Kakfwi has been in Ottawa. He had a meeting with the Honourable Jane Stewart, the Minister responsible for Indian and Northern Affairs. At this present time, since we have indication that there will be a decision made by the judge on Friday, we are in a wait and see mode right now. Thank you.