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| Kitikmeot Corporation and Cementation Canada (North
Bay, Ontario) signed a unanimous shareholder agreement to form
a new company, Kitikmeot Cementation Mining & Development
(KCMD), on Tuesday, April 26th, 2005. |
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 The
Press Release which announces the formation of this company,
providing comments by the Presidents of both companies, is
available here.
The new company has significant Inuit ownership and participation,
and aims to create a platform for continuous training and development
of the skills and capacities of aboriginal and Northern people
in the areas of underground mining and safety. The new company
will focus on the growth of the underground mining industry in
Nunavut and the North West Territories.
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| Objectives in Establishing this Joint Venture Company |
 The establishment of KCMD allows both Kitikmeot Corporation
and Cementation Canada, through the new joint venture company,
to capitalize on existing and future mining opportunities flowing
from the growing diamond and metal mining industries in the Northwest
Territories and Nunavut.
Kitikmeot Cementation Mining and Development will facilitate the development
of these new markets and ensure that training/employment opportunities, and associated
business capacities, are developed for Kitikmeot Inuit, as well as for other
aboriginals and northerners. |
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| About Our Partner |
| Cementation Canada is a mine contracting and engineering company
specializing in the design and construction of underground facilities
including shafts, mine development, raises, and much more. Cementation
has a strong focus on safety, and values the long-term relationships
they build with clients. |
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| Expertise includes: |
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Shaft sinking |
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Underground contract mining |
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Mine development |
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Alimak raising |
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Raise boring |
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Design - Build projects |
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Underground mine infrastructure installations |
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Engineering – conceptual, feasibility, detailed |
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| Current Contracts |
KCMD’s main focus is at the Diavik Diamond Mine where it recently completed a multi-year contract for the construction of underground exploratory declines, followed by additional construction pertaining to development of the underground infrastructure. KCMD looks toward continued involvement at Diavik based on Rio Tinto’s schedule for the continuation of underground mining.
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 For Further Information
Please Contact:
Kitikmeot Cementation Mining & Development Ltd.
Head Office:
Cambridge Bay, Nunavut
Phone: (867) 983-2200
Operations Office:
North Bay, Ontario
Phone: (705) 472-3381 |
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