LIM agreement with Uashat Mak Mani-Utenam Innu


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
LIM signs Impact Benefit Agreement 
with the Innu from Uashat Mak Mani-Utenam 
 
16 February 2012 
 
Anglesey Mining plc's 33% owned associate Labrador Iron Mines Holdings Limited 
("LIM") (TSX:LIM) and Innu Takuaikan Uashat Mak Mani-Utenam of Sept-Iles, 
Quebec, ("ITUM") are pleased to announce that they have signed an Impact 
Benefits Agreement 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 life-of-mine agreement, which follows the earlier Agreement in Principle 
signed in December 2010, was approved by resolution of the Innu Takuaikan 
Uashat Mak Mani-Utenam and signed by the Chief and Band Council. This new 
agreement recognizes that LIM and ITUM wish to work together to establish a 
long-term, mutually beneficial, cooperative and respectful positive 
relationship based on confidence, trust and certainty. 
 
Under the IBA Agreement, LIM has agreed to the equitable participation of the 
Uashaunnuat in its Projects through employment, training, contract 
opportunities, social, and financial benefits, including environmental 
protection measures in the Papateu (Howell River) and Kautaitnat (Irony 
Mountain) areas to mitigate any impact of the Projects on Uashaunnuat families 
and traditional activities. 
 
In consideration of benefits associated with the IBA, ITUM has given its 
consent to LIM's iron ore Projects on the conditions expressed in the 
Agreement. 
 
In a signing ceremony, held in the presence of members of the ITUM community, 
on Monday, February 13, 2012 in the Band Council offices in Sept-Iles, John 
Kearney, LIM's Chairman & CEO commented: 
 
"LIM recognizes that the activities of its iron ore Projects may have an impact 
upon members of the Uashat and Mani-Utenam communities, and particularly the 
Uashaunnuat families most directly affected, and their traditional lands, and 
wishes to develop a respectful relationship with ITUM, which will help mitigate 
these potential impacts. LIM acknowledges the cooperation and support received 
to date from ITUM and is committed to developing its iron ore Projects in an 
environmentally and socially responsible way that respects and, where 
necessary, addresses the environmental, cultural, economic and spiritual 
concerns of the Uashaunnuat". 
 
"LIM understands the importance of our iron ore mining Projects to the Innu 
from Uashat Mak Mani-Utenam and is committed to the maximization of associated 
benefits to ITUM - including education, training, employment, business 
opportunities, financial participation and economic development- and is 
committed to providing fair opportunities to the Uashaunnuat to participate in, 
and benefit from, LIM's iron ore Projects, including our operations in the 
Sept-Iles port area," added Mr. Kearney. 
 
Innu Takuaikan Uashat Mak Mani-Utenam Chief Georges-Ernest Grégoire stated, 
"This is a significant step for the Innu Community of Uashat Mak Mani-Utenam 
towards the establishment of a long and meaningful partnership with Labrador 
Iron Mines, based on mutual respect and benefits." 
 
"This IBA, along with other agreements, signed by ITUM sends a signal to the 
mining industry operating in the Quebec-Labrador peninsula that our rights as 
Indigenous Peoples under the U.N. Declaration on the Rights of Indigenous 
Peoples and the Canadian Constitution cannot be ignored. Any form of mining 
development, including exploration work, respecting our natural resources or 
our traditional lands must benefit our communities and requires our consent." 
 
"This IBA agreement with Labrador Iron Mines will provide opportunities for our 
community, and particularly our youth, and will at the same time protect the 
environment and our traditional lands and cultural activities," added Chief 
Grégoire. 
 
LIM and ITUM have agreed to implement training programs with a view to 
encouraging and assisting ITUM members to receive the education and training 
required to maximize their opportunities for employment, retention and 
advancement on LIM's iron ore projects. 
 
LIM has also agreed to make annual contributions to an Aboriginal Traditional 
Activities Fund to be created for the benefit of the traditional activities of 
the Uashaunnuat and other Innu, including the Uashaunnuat families. The Fund 
may also be used for the benefit of the traditional activities of members of 
other First Nations in the vicinity of Schefferville. 
 
It is intended that the Fund shall be used for the purposes of traditional, 
cultural and subsistence activities and the protection and preservation of 
aboriginal values and shall contribute to the aim of protecting the rights and 
interests of the Uashaunnuat, their lifestyle, their relationship with the land 
and their traditional activities. 
 
The IBA signed with the Uashaunnuat is without prejudice to the territorial 
rights of the Uashaunnuat and the rights asserted by any other aboriginal group 
relating to the area of the Projects. LIM has previously entered into impact 
benefits agreements with the Innu Nation of Labrador, the Innu of 
Matimekush-Lac John (Schefferville) and the Naskapi Nation of Kawawachikamach, 
and recently signed a cooperation agreement with the NunatuKavut Community 
Council (Southern Inuit of Labrador). 
 
 
About Takuaikan Uashat Mak Mani-Utenam: 
 
The Uashaunnuat are a distinct society of the Innu Nation (Quebec and Labrador) 
and comprise the two communities of Uashat and Mani-Utenam and include the INNU 
BAND OF UASHAT MAK MANI-UTENAM, a traditional band and a band within the 
meaning of the Indian Act. ITUM is the band council of such band. The 
Uashaunnuat assert Indian title, aboriginal rights and treaty rights to certain 
lands located in Quebec and Labrador, including in the area of LIM's Projects, 
and affirm that the Projects require their consent. 
 
About Labrador Iron Mines Holdings Limited (LIM): 
 
LIM is engaged in the production and development of its 100% owned 
Schefferville Area direct shipping iron ore (DSO) properties in the Labrador 
Trough of western Labrador and northeastern Quebec. LIM commenced production 
from the James Mine in June 2011 following the successful construction and 
commissioning of the mine and Silver Yards processing plant earlier in the 
year, and began shipping iron ore to China in the fall of 2011. 
 
LIM contemplates mining in stages. The first phase of Stage 1 comprises the 
James Mine and the Silver Yard processing plant which is connected by a rail 
spur to the main Schefferville to Sept-Iles railway. Through a phased expansion 
program, LIM plans to grow its iron ore production through the subsequent 
development of adjacent deposits. 
 
About Anglesey Mining plc 
 
Anglesey Mining with its LSE main board listing is primarily focused on its 33% 
interest in Labrador Iron Mines (TSX:LIM). In addition to any new projects that 
may be brought forward Anglesey 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 / Jos Simson, 
Tavistock Communications +44 (0) 20 7920 3155 / +44 (0) 7788 554035. 
 
 
 
END
Anglesey Mining (LSE:AYM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024