Parsons secures long-term remediation contract for $4.38B Giant Mine project in Canada
Type: Development · Technology: Mining · Country: Canada · Value: $4.38B · Announced: 2026-05-06
Parsons Enterprises Inc. has been awarded a long-term remediation contract valued at $4.38 billion for the Giant Mine project in Canada's Northwest Territories. The project involves the cleanup and environmental restoration of a former gold mine, which has been designated as a federal contaminated site. Parsons will oversee the remediation efforts, including the stabilization of arsenic trioxide waste stored underground since the mine's closure in 2004. The contract is part of a broader federal initiative to address historical mining liabilities, with remediation expected to span multiple decades. The Giant Mine project is one of Canada's most complex environmental cleanup efforts, requiring advanced engineering and regulatory compliance. Parsons' involvement follows its prior work on the site, leveraging its expertise in environmental infrastructure and large-scale project delivery.
Counterparties
- Parsons Enterprises Inc. (Developer)
- Parsons Corporation (Developer)
- Government of Canada (Borrower)