Mr. Speaker, as the Member noted, the current lease is in an over-holding tenancy and production is not allowed on this lease. Under the NWT Lands Act, the company will need to negotiate a new surface lease that allows for production and at that time, we’ll negotiate updated securities in the context of the most up-to-date reclamation plan. The Member is correct that there is some liability that’s held there and he mentioned the figure 2 million and out of that, $250,000 was for the surface lease.
Robert C. McLeod on Question 253-18(2):financial Security Associated With Prairie Creek Mine
In the Legislative Assembly on June 17th, 2016. See this statement in context.
Question 253-18(2):financial Security Associated With Prairie Creek Mine
Oral questions
June 16th, 2016
See context to find out what was said next.