LIM agreement with Innu Matimekush


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
7 June 2011 
 
LIM signs Impact Benefits Agreement with Innu Matimekush-Lac John 
 
Anglesey's 33% owned associate Labrador Iron Mines Holdings Limited (TSX: LIM) 
is pleased to announce that it has signed a landmark Impact Benefits Agreement 
with the Nation Innu Matimekush-Lac John of Schefferville, Quebec ("MLJ"), with 
regard to LIM's Schefferville Area direct shipping iron ore mining projects in 
the Province of Newfoundland and Labrador and in the Province of Quebec. 
 
The historic life-of-mine Agreement, which was approved by resolution of the 
Band Council of Matimekush-Lac John signed by the Chief and Band Council, and 
endorsed by community referendum, recognizes that LIM and MLJ wish to work 
together to establish a long-term, cooperative, respectful and mutually 
beneficial positive relationship, based on confidence, trust and certainty. 
 
Under the IBA Agreement, LIM has agreed to the equitable participation of the 
Innu Matimekush-Lac John in its Schefferville Area Projects through employment, 
training, contract opportunities and financial benefits, including some 
community infrastructure projects, and has agreed to take certain social and 
environmental protection measures to mitigate the impact of the Projects on MLJ 
families and traditional activities. 
 
MLJ, by entering into this Agreement, has given its consent to the LIM's iron 
ore Projects proceeding in accordance with the Agreement and has agreed to 
provide LIM continuing and unobstructed access to and quiet enjoyment of the 
iron ore projects and its properties. 
 
In a public signing ceremony, held in the presence of members of the MLJ 
community, on Monday, June 6, 2011 in the Schefferville Arena, (recently 
refurbished with assistance from LIM), John Kearney, LIM's Chairman & CEO, 
commented on this ground-breaking event: 
 
"This agreement is a very significant step for LIM and for the Innu Community 
of Matimekush-Lac John, paving the way for the development of a project that 
will provide opportunities for the local community at Schefferville, and 
particularly its youth, and will at the same time protect the environment and 
Innu traditional and cultural activities." 
 
"LIM recognizes that its iron ore projects may have an impact upon the Innu of 
Matimekush and their traditional lands, and has agreed to take positive steps 
towards developing a respectful relationship with MLJ in recognition of these 
impacts. LIM is committed to an environmentally and socially responsible 
development of the iron ore Projects in a way that respects, addresses and, if 
necessary, mitigates the environmental, cultural, economic and spiritual 
concerns of MLJ." 
 
"LIM understands the importance of our iron ore mine projects to the people of 
the Matimekush-Lac John and is committed to the maximization of associated 
benefits - including education, training, employment, business opportunities, 
financial participation and economic development - and is committed to 
providing fair opportunities to the Members of MLJ to participate in, and 
benefit from, LIM's iron ore projects," added Mr. Kearney. 
 
LIM and MLJ have agreed to implement training programs with a view to 
encouraging and assisting MLJ Members to receive the education and training 
required to maximise their opportunities for employment, retention and 
advancement on LIM's iron ore projects. LIM has also agreed, in conjunction 
with Tata Steel Minerals Canada Ltd. and the Government of Quebec, to make 
certain contributions for the improvement and renovation of the Schefferville 
Arena facility, to be accessible to the general public. 
 
"LIM acknowledges the assistance of the Government of Quebec, the Government of 
Newfoundland and Labrador and the Federal Minister of Indian and Northern 
Affairs in discussions with the Innu of Matimekush- Lac John and in working 
towards the resolution of certain issues relating to the development of mining 
projects in the Schefferville Area;" added Mr. Kearney. 
 
LIM has also signed an Agreement in Principle with the Innu community of Uashat 
Mak Mani-Utenam in December 2010 under which the Uashaunnuat gave their consent 
to the Projects and which stipulated the principal terms to be included in a 
Final Agreement. The terms of the Final Agreement have been negotiated and 
settled between the parties and it is expected that the Final Agreement will be 
submitted for ratification to the community of Uashat Mak Mani-Utenam later in 
2011. 
 
LIM has previously entered into impact benefits agreements with the Innu Nation 
of Labrador and with the Naskapi Nation of Kawawachikamach. 
 
About Nation Innu Matimekush-Lac John: 
 
The Nation Innu Matimekush-Lac John, is an Indian Band legally known as 
Montagnais de Schefferville, located in Schefferville Quebec. MLJ claims Indian 
title and aboriginal rights to certain lands in the provinces of Quebec and 
Newfoundland and Labrador, including various pieces of land where LIM's Iron 
Ore Projects are located. 
 
The Agreement has no effect on any existing or potential duties that Canada, 
Quebec, and Newfoundland and Labrador may have towards MLJ or its Members or 
their rights to be consulted and accommodated, and is without prejudice to any 
MLJ comprehensive land claims in the provinces of Quebec or Newfoundland and 
Labrador. 
 
About Labrador Iron Mines Holdings Limited (LIM): 
 
LIM's Schefferville Area projects involve the development of twenty direct 
shipping iron ore deposits in western Labrador and north-eastern Quebec near 
Schefferville, Quebec. The LIM's properties are part of the historic 
Schefferville area iron ore district where mining of adjacent deposits was 
previously carried out by the Iron Ore Company of Canada (IOC) from 1954 to 
1982. LIM's new iron ore project marks the first time in 30 years that the 
Schefferville area will be again producing iron ore since the IOC ceased 
operations in 1982. 
 
Mining has already commenced on LIM's James Deposit. Commissioning of the 
Silver Yards processing plant was completed at the end of May and the first ore 
was fed into the plant on June 1, 2011. Rail locomotives and rail cars are 
being positioned to Silver Yards and the first iron ore train is expected to 
depart Silver Yards for the Port of Sept-Iles towards the end of June. The 
first shipment of iron ore from Sept-Iles is expected to be loaded in July. 
 
For further information, please view www.labradorironmines.ca. 
 
About Anglesey Mining plc 
 
Anglesey Mining with its LSE main board listing is primarily focused on its 34% 
interest in Labrador Iron Mines (TSX:LIM). In addition to any new projects that 
may be brought forward the company owns 100% of Parys Mountain in North Wales 
with an historical resource in excess of 7 million tonnes at over 9% combined 
copper, lead and zinc. 
 
For further information, please contact: 
 
Bill Hooley, Chief Executive +44 (0) 1492 541981 
 
Ian Cuthbertson, Finance Director +44 (0) 1248 361333 
 
Samantha Harrison / Shaun Whyte, 
 
Ambrian Partners Limited +44 (0) 2076 344700 
 
Emily Fenton / Charlie Geller, 
 
Tavistock Communications +44 (0) 20 7920 3155 / +44 (0) 7788 554035 
 
 
 
END
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