CIB CEO hints at $100m funding to come for northern mining project ...Middle East

“We’re investing in the roads, clean power, water and wastewater, and the infrastructure that those mines need to be economically viable, especially in northern and remote communities, which is where many of our resources are,” he said. “So that first investment is coming, (but) that $100 million is really just our initial target. It’s a floor, not a ceiling.” The CIB was established as a federal Crown corporation five years ago, with the purpose of investing in infrastructure that also attracts private capital. Cory said that the federal government has pinpointed critical minerals as an important part of Canada’s energy transition strategy, but companies face unique challenges when it com

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CIB CEO hints at $100m funding to come for northern mining project ...Middle East

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