The Opportunities

Marystown provides the perfect location for manufacturing growth. Multi-billion dollar mining developments, oil and gas projects access to emerging markets throughout the world. Capacity, cost, access to skilled labour, port facilities and proximity to large industrial projects position the Port of Mortier Bay in Marystown perfectly.

OPPORTUNITIES ABOUND in Marystown for fabrication and associated companies for mining developments and offshore oil and gas both now and in the foreseeable future.
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MINING
Newfoundland as a whole is geologically diverse and is richly endowed with a wide spectrum of minerals, including iron ore, base and precious metals, uranium, tungsten, molybdenum, antimony, rare earths and industrial minerals. In addition to a stable political climate and a secure mineral tenure system, it boasts a strong resource based economy and a multi-billion dollar mineral industry. Near Marystown, a fluospar mine is in the development phase and is anticipated to produce up to 180,000 tonnes of fluorspar acidspar concentrate per year with an expected life span of 50 years.
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OIL AND GAS
There are currently three producing offshore oil projects: Hibernia, Terra Nova, and White Rose. These projects operate in one of the world’s harshest environments. Nearly three billion barrels of oil and 11 trillion cubic feet of natural gas discovered to date; estimated undiscovered potential of six billion barrels of oil and 60 trillion cubic feet of natural gas. Hibernia South, Hebron and North Amethyst have been sanctioned and are currently under development. In addition, the Orphan Basin, Flemish Pass Basin and the Laurentian sub-basin offer future exploration and possible development opportunities.
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ARCTIC
The Port of Mortier Bay is located in Marystown on the edge of the Atlantic Ocean. Its position not only allows for some of the shortest shipping routes between points in North America and Europe, but also Canada’s Arctic Region. To date there have been more than 400 oil and gas fields discovered north of the Arctic Circle accounting for 240 billion barrels of oil and natural gas equivalents – 10% of the world’s know petroleum resources. These reserves create numerous supply chain opportunities for the Port of Mortier Bay. Marystown is well suited for marine, petroleum, manufacturing and metal fabrication based companies focused on opportunities in the Arctic Region.
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