Thank you very much, Mr. Speaker. My colleagues here today have worked hard in organizing a theme day, but it’s important for me to respond to issues raised in this House about securities to the Minister of Lands in respect to Canadian Zinc’s Prairie Creek Mine.
It is important that our government ensure that adequate security for reclamation is in place before the proposed mine starts its activities. These securities are important to protect the health and safety of our public and the environment. Securities are important tools for government to address potential for environmental damage. At the same time, sustainable land use can support strong and responsible economic development in the territory. It can bring new employment and resources that will have real benefits for all residents of the Northwest Territories.
The proposed Prairie Creek Mine has been subject to the rigorous regulatory environmental assessment process under the Mackenzie Valley Resource Management Act. Aboriginal governments, regulatory authorities, government departments and the general public participated in the review of the proposed mine. Those views and concerns were considered by the independent board before approving the project.
Canadian Zinc requested the Mackenzie Valley Land and Water Board adjust the timing schedule for the posting of security under its operating permit to reflect the actual timing of construction activities and planned mining operations. Indeed, Mr. Speaker, Canadian Zinc has committed that they won’t start development authorized by operating permits until this security is in place. It’s important to point out that Canadian Zinc Mines is not requesting any change to the total amount of security and it’s not disputing the security amount.
The Prairie Creek Mine will be an important source of new jobs and wealth for people in my riding and bring new economic activity that will benefit the residents of Nahendeh through infrastructure initiatives and spin-off activities. These activities will not just be limited to Nahendeh but will also benefit the whole of the Northwest Territories as new resource royalties will support strong economic development for our territory, help diversify our population and strengthen our economic future. Mahsi, Mr. Speaker.
Thank you, Mr. Menicoche. The honourable Member for Sahtu, Mr. Yakeleya.
