MANAGEMENT

NACG, Nuna JV picks up mine construction contract

Award will extend for two years

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NACG said the deal's value is approximately C$250 million.

The work will star during the current quarter, during the project's construction phase, ramp up through the first quarter of next year and be completed by autumn 2022.

"The bid process benefited from the ownership structure by offering an Indigenous contractor with extensive expertise in the harsh conditions of northern Canada together with the heavy equipment fleet and maintenance experience offered by NACG," the company said, noting that the JV is partnering with local communities to share the  project benefits.

"The award of this project, a result of a strong and integrated effort with NACG, further solidifies our strategy of taking Nuna's unique brand of remote project development and sustained Indigenous engagement to major clients in eastern Canada," Nuna president and COO Miles Safranovich said.

Nuna is the largest Inuit-owned heavy civil construction, earthworks and mine construction contractor in Canada. NACG offers heavy construction and mining services.

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