“Burgundy has made this difficult decision after taking to heart all the comments and feedback provided during the application process,” it wrote to the CBC on Tuesday, adding that it could revisit the project in the future after incorporating feedback from the Tłı̨cho government.
On the same, day, the company sent a letter to NWT Premier R.J. Simpson that called for numerous changes to regulations it says “are getting unnecessarily more onerous,” according to the CBC report. These “inflexible” regulations, according to Burgundy, are the only thing keeping Ekati from operating until at least 2040, the report adds.
The decision to pull its application for the Sable underground project and sending the letter came a day before it was scheduled to take part in a public hearing, which has been cancelled.
Earlier this year, the company told CBC that “the financial viability and sustainability” of its business are at…
