What economic resources did the Northwest Territories have?

What economic resources did the Northwest Territories have?

Mining is an integral part of the NWT economy. Over the years, the focus of mining in the region has moved from base and precious metals (such as uranium, gold, lead and zinc) to primarily diamonds. For example, diamonds at Lac de Gras, 300 km north of Yellowknife, attracted much attention in the 1990s.

What are some natural resources in the North?

The mineral resources include major reserves of oil and natural gas, large quantities of minerals including iron ore, copper, nickle, zinc phosphates and diamonds. Living resources of the Arctic are primarily the abundant fisheries.

What is Northwest Territories best known for?

The Top 10 Attractions in the Northwest Territories

• Nahanni National Park Reserve.
• Ice Roads.
• Wood Buffalo National Park.
• Canol Trail.
• Dempster Highway.
• Great Northern Arts Festival.
• Keele River.
• Acho Dene Native Crafts. The Deh Gah Gotie Dene (people who live by the river) have always inhabited the Northwest Territories.

What are Nunavut’s natural resources?

Aside from its people, Nunavut’s greatest economic asset is its mineral wealth, which includes reserves of iron and nonferrous ores, precious metals and diamonds, and petroleum and natural gas.

What natural resources are in northern Canada?

Much of Canada’s mineral resource potential lies in the territories. There are existing mineral deposits with the potential to support resource extraction projects within the territories, including diamonds, gold, base metals and silver, tungsten, uranium, rare earth element, iron ore, zinc, and copper.

What crops are grown in the Northwest Territories?

Poultry and egg farms account for over two-fifths of gross farm receipts in Yukon and the Northwest Territories

• Crops: Hay, field crops, tree fruits or nuts, berries or grapes, vegetables, seed;
• Livestock: Cattle, pigs, sheep, horses, game animals, other livestock;

What is mined in Northwest Territories?

Known for its wealth of diamonds, the Northwest Territories glitters with mining potential that includes gold, lead, zinc, copper and iron ore.

What are some natural resources in Iqaluit?

Natural Resources: Nunavut is believed to have the richest natural resource endowment of any jurisdiction in Canada. It has large amount of deposit of oil, gas, and various kinds of minerals include gold, lead, zinc, nickel, and copper.

Are there shale resources in the Northwest Territories?

The geological surveys of the Northwest Territories, Yukon Territories and British Columbia (BC Oil and Gas Commission) are engaged in a resource assessment of the Horn River Group shales with the National Energy Board and a publication for this assessment was released in May 2015.

What is the geography of the Northwest Territories?

The geography of the Northwest Territories may also be thought of in terms of Canada’s seven physiographic regions. The territories include four of these regions, namely the Cordillera, the Interior Plains, the Canadian Shield and the Arctic Lands.

How much electricity does the Northwest Territories produce?

In 2018, NWT generated about 0.35 terawatt hours (TW.h) of electricity ( Figure 2 ), which is approximately 0.1% of total Canadian production. NWT has a generating capacity of 208 megawatts (MW). Northwest Territories Power Corporation (NTPC) generates NWT’s electricity from hydro, fossil fuel, and other renewable sources.

Are there any national parks in the Northwest Territories?

Five areas managed by Parks Canada are situated within the territory. Aulavik National Park and Tuktut Nogait National Park is in the northern part of Northwest Territories. Portions of Wood Buffalo National Park are located within the Northwest Territories, although most of it is located in neighbouring Alberta.