It is reported that move over Mary River, Hopes Advance, Roche Bay and Haig Inlet yet another huge iron mine project appears to be poised to move ahead. It’s the incredibly iron rich Lac Otelnuk project in Nunavik.

According to recent resource estimates, Otelnuk's deposits contain reserves of at least 11.35 billion tonnes of iron spread over 36 kilometers and double that amount of iron ore could be there.

And the JV Company wants to produce 50 million tonnes of iron a year or more from Lac Otelnuk for up to 100 years. To do that, they’ll have to go through an environmental and social review of the project and then sink USD 13 billion into building the mine complex and the infrastructure it needs.

Adriana has already hired Golder and Associates to produce an environmental and social impact assessment of the project. Golder has completed the environmental baseline fieldwork and now plans to meet and consult with people in the communities which would be affected by the mine.

The company said that at the same time, Adriana is fast tracking a feasibility study that should be ready by the end of the year.

Source - www.nunatsiaqonline.ca

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