- May 2017
Northern Transportation Company Limited (NTCL)
Northern Transportation Company Limited, which began as Northern Waterways Limited, was a transportation company that assisted in the radium and uranium mining on Great Bear Lake (Prince of Wales Northern Heritage Centre). The company had little assets including two barges and a tugboat. They were acquired by White Eagle Mines in 1934 and their name was changed to Northern Transportation Company Limited (NTCL). In 1936, NTCL was acquired by Eldorado Gold Mines Limited, which also used NTCL to service their mining sites. In 1937, NTCL purchased steel hulled boats for transport. An Eldorado mine closed in 1940, so NTCL began working on the Canol Project in 1942 to transport materials to build a new pipeline. In 1944, the Canadian government took control of NTCL and the company became the main transporter of uranium ore. NTCL took control over the Hudson Bay Company’s transport system in 1947. NTCL also assisted with construction of the DEW line. NTCL was sold to the Inuvaluit Development Corporation and Nunasi Corporation in 1985. NTCL’s main fleet was located at the Port of Hay River in 2015. NTCL was responsible for providing goods to 22 communities through specially designed shallow barges (Government of Canada). NTCL declared bankruptcy on December 30, 2016 and were acquired by Alvarez and Marsal Canada Inc.( Alvarez and Marsal Holdings, LLC).
References: "1934 Northern Transportation Company Limited." Historical Timeline of the Northwest Territories. Accessed May 05, 2017. http://www.nwttimeline.ca/1925/NTCL_1934.html.
"Northern Transportation Company Ltd." Alvarez & Marsal. January 03, 2017. Accessed May 05, 2017. https://www.alvarezandmarsal.com/NTCL#intro.
"Northern Transportation Company Limited." June 22, 2015. Accessed May 05, 2017.