{"id":1096977,"date":"2019-01-30T11:08:13","date_gmt":"2019-01-30T11:08:13","guid":{"rendered":"http:\/\/www.mining.com\/?p=966447"},"modified":"2019-01-30T11:08:13","modified_gmt":"2019-01-30T11:08:13","slug":"fortune-minerals-commits-to-hire-locally-at-canadas-first-primary-cobalt-mine","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1096977","title":{"rendered":"Fortune Minerals commits to hire locally at Canada\u2019s first primary cobalt mine"},"content":{"rendered":"

Fortune Minerals (TSX: FT) (OTCQX: FTMDF), the company behind what could become Canada\u2019s first primary cobalt mine, has signed a socio-economic agreement<\/a> with the government of the Northwest Territories (N.W.T.) in which it commits to hire and spend locally.<\/p>\n

The 48-page document sets out targets for jobs, spending, education, and training in the Territories as the\u00a0NICO cobalt, bismuth, gold, and copper project moves ahead.<\/p>\n

According to the agreement, Fortune Minerals “shall use best efforts” to ensure 60% of the mine’s workforce during operations are N.W.T. residents, with at least half of them being Indigenous. During construction, at least 35% of workers should be N.W.T. residents. Half of those should be Indigenous.<\/p>\n

Fortune expects to begin construction this year, with commercial production starting in the early 2020s.<\/q><\/p>\n

Preference will be given to Tlicho, Yellowknives Dene and North Slave Metis Alliance members, Fortune Minerals said.<\/p>\n

This is the fifth socio-economic agreement currently active in the N.W.T. The others are with the Ekati, Diavik, Gahcho Ku\u00e9, and Snap Lake mines.<\/p>\n

The expected opening of NICO is one of the main reasons\u00a0the Tlicho all-season road<\/a> to the community of Whati\u00a0from Highway 3 is being built.<\/p>\n

Last year, Fortune anticipated construction of the mine would begin in 2019 and last for two years, allowing commercial production in the early 2020s. Concentrate will be shipped to a refinery the company plans to construct in Saskatchewan.<\/p>\n

The Whati-based mine has a forecast productive life of around two decades.<\/p>\n

Fortune also owns the Sue-Dianne copper-silver-gold deposit located 25 km north of the NICO project, which is a potential future source of incremental mill feed to extend the life of NICO\u2019s mill.<\/p>\n

The post Fortune Minerals commits to hire locally at Canada\u2019s first primary cobalt mine<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company has signed a socio-economic agreement with the government of the Northwest Territories. <\/p>\n

The post Fortune Minerals commits to hire locally at Canada’s first primary cobalt mine<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[394,1263,404,369,780,426],"tags":[25,33,48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1096977"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1096977"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1096977\/revisions"}],"predecessor-version":[{"id":1096978,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1096977\/revisions\/1096978"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1096977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1096977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1096977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}