Nunavut Sea Port Construction Will Benefit Peregrine Diamonds

(IDEX Online News) – Peregrine Diamonds Ltd. has said that the construction of a Marine Port and Sea Lift Facility in Iqaluit, the capital of Nunavut, will benefit the development and operation of its Chidliak mine.

The development was announced by the government of Canada and the government of Nunavut and as well as significantly reducing the time required to offload cargo and improve safety for workers, will be a potential base for military ships, commercial fisherman and search and rescue operations.

Peregrine said that the proposed port, which is located 120 kilometers from its Chidliak project, will be an important supply point for mine construction and ongoing operations. “A modern deep water port would dramatically improve the efficiency of and lower the cost of shipping and supply,” the company said in a press release.

"We are very pleased to see a commitment by the governments of Canada and Nunavut to the building of a modern port in Iqaluit,” said Peregrine president and CEO Tom Peregoodoff.

“In addition to being a key component of the infrastructure required to construct and operate a diamond mine at Chidliak, the efficiencies that the port will bring will improve the quality of life and lower the cost of living for the people of Iqaluit and the communities on Baffin Island."