Town of Happy Valley Goose Bay

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Happy Valley-Goose Bay

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Happy Valley-Goose Bay

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Happy Valley - Goose Bay

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Happy Valley - Goose Bay

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Business › Economic Development

Economic Development

Welcome to a land of boundless opportunities! Happy Valley-Goose Bay and its surroundings are brimming with potential, driven by a wealth of renewable and non-renewable resources. Our region thrives on a robust forestry industry, the renowned Voisey’s Bay Mine, and the transformative Lower Churchill Hydroelectric Generation Project.

But that’s not all – the journey to prosperity continues! With ongoing exploration for rare earth elements, the horizon is ablaze with potential profits for our thriving community. Embrace the future of economic growth as we delve deeper into these promising opportunities that fuel our progress. Let’s discover what lies ahead together.

Strategic Plan

At a public meeting on Tuesday, September 26, 2023, the 13th Council adopted and released to the public its strategic plan entitled Strategic Plan 2023-2028 And Beyond which was developed through extensive consultation by the consulting firm of Capital Park Consulting.”  When you click on the link “View Current Strategic Plan” it should take you to the file “HV-GB-Strategic-Plan-2023-2028-Final-8pg-1”

View Current Strategic Plan

In 2005, Vale began operations of its open-pit mine and concentrator at Voisey’s Bay, located 356 air kilometers north of Happy Valley-Goose Bay and 35 kilometers south of Nain. The facility produces 6,000 tonnes-per-day of two types of concentrate, nickel-cobalt-copper and copper. This deposit is one of the highest grade ore bodies in the world and is expected to continue until 2021. Vale employs approximately 450 workers including many Labradorians with specific employment commitments for Innu and Inuit.

Mining and Mineral Exploration

Voisey's Bay Mine Expansion

The Voisey’s Bay underground mine expansion, focusing on Reid Brook and Eastern Deeps, aims to extend operations until 2032. Construction spans 2016-2021, transitioning from open pit to underground mining in 2020. It’ll create around 400 full-time jobs and produce 40,000 tonnes of nickel-in-concentrate annually. This concentrate will be processed at Vale’s facility in Long Harbour, Newfoundland. Explore opportunities here.

Ongoing exploration south of Happy Valley-Goose Bay, particularly for rare earth elements, holds significant potential for Labrador’s business and job growth. Companies like Quest Rare Minerals and Search Minerals are active in the area, offering employment and business prospects. With its strategic location, Happy Valley-Goose Bay remains a key logistics and supply hub for mineral exploration. This situation offers ample opportunities for local and Aboriginal businesses to provide services and goods to these projects, fostering economic benefits.

Rare Earth Elements

Forestry Resources

There is an estimated 3.6 million hectares of forested area in Labrador, including large timber stands on the south side of the Churchill River from Happy Valley-Goose Bay. A succession of operators have proposed commercial harvesting and processing operations and some exporting of raw and semi-processed material has occurred. Potential is high for future development, particularly of value-added wood products beginning in 2020. Approximately 400 additional full-time positions will be created to support the underground operations.

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