IRON-ORE
TSX- and ASX-listed Champion Iron has signed an impact benefit agreement (IBA) with the Innu of Takuaikan Uashat mak Mani-utenam (ITUM) First Nation, confirming local support for the Bloom Lake iron mine, located near Fermont, Quebec.
The IBA is a life-of-mine agreement providing for real participation in the mine by ensuring training, jobs and contract opportunities, and guarantees that the ITUM will receive fair and equitable financial and socio-economic benefits. According to the First Nation, the latest accord represents a significant improvement over the initial one, signed in 2008, regarding environmental protection measures and ITUM's monitoring of it.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access