Debates of October 29, 2025 (day 70)
Question 870-20(1): Surety Bonds for Environmental Remediation and Reclamation
Thank you, Mr. Speaker. My questions are for the Minister of ECC.
Mr. Speaker, can the Minister explain as to whether the GNWT still considers surety bonds a reasonable fiscal instrument for mining reclamation, or are they being phased out for more solvent instruments in case of company bankruptcy? Thank you, Mr. Speaker.
Thank you, Member from Great Slave. Minister of ECC.
Thank you, Mr. Speaker. Mr. Speaker, the surety bonds are still considered a very valuable type of security for this type of reclamation guarantee, and they are an asset that is fully able to be called upon on demand. Thank you, Mr. Speaker.
Thank you, Mr. Speaker. Mr. Speaker, it's important that the GNWT and residents know the fiscal capacity of mining operators. I would like to understand and have the Minister explain the process that GNWT takes to assess whether a company is deemed to be an assignment which would require a test of financial capacity. Thank you, Mr. Speaker.
Thank you, Mr. Speaker. Mr. Speaker, the process to determine if a company is an assignment or not is one that would require me to make an interpretation of something that I don't feel I'm comfortable with doing on the floor, as I also wear the hat as attorney general, and this is a legal interpretation, and I would not be able to answer that question at this time. Thank you, Mr. Speaker.
Thank you, Minister of ECC. Member from Great Slave. Final supplementary.
Mr. Speaker, if a mining company declares bankruptcy and reclamation is now a responsibility of the GNWT, can the Minister explain which division or unit in the GNWT would be assigned this work to reclaim the mine and any associated expenses? Thank you, Mr. Speaker.
Yes, thank you, Mr. Speaker. Mr. Speaker, within the division of lands, we have a team of -- I have to pull up the title here; give me one second.
Certainly, you know, the team that we have in place within lands is the land administration team which would be responsible for overseeing that process as the potential reclamation moves forward and would go back and look at how that process was entered into after a potential situation where a bankruptcy was declared. Thank you, Mr. Speaker.
Thank you, Minister of ECC. Oral questions. Member from Frame Lake.