Agnico Eagle CEO urges Canada to back Arctic connection project
Sean Boyd praised the plan for a power and fiber optic link between Manitoba and Nunavut's Kivalliq region — including some of his company's mines.
OTTAWA — Canada’s government should fund initiatives like a proposed C$1.6 billion ($1.2 billion) project that would provide power and fiber optics to the country’s remote north and spur new business, said a gold mining executive on Thursday. Canada’s Infrastructure Bank on Wednesday signed a memorandum of understanding to assess the project, which needs federal investment to get built and would run to Nunavut from Manitoba. “This has to be looked at as nation building,” said Agnico Eagle CEO Sean Boyd in an interview. Agnico, Canada’s largest gold producer, runs three gold mines in the Kivalliq region and is Nunavut’s largest private employer. “A big part of that funding has to come from the federal government to not only build the power line to benefit the current communities, but to look at it as a way to finally open up an area which has tremendous potential,” he said.
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