5 June 2014
(Yellowknife, NT – June 5, 2014) On June 3, the Federal Government tabled Bill S-6, the Yukon and Nunavut Regulatory Improvement Act which includes important amendments to the Nunavut Waters and Nunavut Surface Rights Tribunal Act. Passage of Bill S-6 will also mark the completion of the government’s Action Plan to Improve Northern Regulatory Regimes, an ambitious initiative to modernize northern legislation and create consistency with broader Canadian legislation. It included Bill C-47, The Northern Jobs and Growth Act and Bill C-15, The Northwest Territories Devolution Act.
“We are pleased with a number of the legislative changes proposed by Bill S-6, and we expect they will be an incentive for increased mineral investment in Nunavut,” said Brooke Clements, President of the Chamber of Mines. “We also look forward to future dialogue with the Federal Government as they create accompanying regulations.”
The following components of the Bill are of special interest to mining and exploration companies looking for increased investor certainty in Nunavut: