Kashechewan Considers Benefits Of Diamond Mine
McGuinty Government Supports Community Review Of Impact Benefit Agreement
Ontario is helping the residents of the Kashechewan First Nation be better informed about how an Impact Benefit Agreement will promote economic and social development in their community.
Discussions are taking place within the community to explore the benefits that will be gained from an agreement being negotiated with De Beers Canada. The agreement is for the use of reserve and traditional lands in the support of the development of Victor Diamond Mine. The Ontario government is contributing $50,000 from the Northern Ontario Heritage Fund Corporation (NOHFC) to hire experts who will facilitate this process.
- Impact Benefits Agreements cover a wide range of issues including education and training, employment, workplace conditions, business opportunities, environmental protection, social and cultural protection, and significant financial considerations.
- Similar funding of $50,000 was announced yesterday for Fort Albany.
- The De Beers Victor Diamond Mine, Ontario’s first diamond mine, is located approximately 140 kilometres northwest of the community of Kashechewan. With a total investment approaching $1 billion, it is expected that the mine will produce six million carats of high quality diamonds during its life, valued at $2.5 Billion.
“By supporting a culture of engagement and collaboration, we are promoting community development and opportunities for all from mineral development and embracing one of the key objectives of our Mineral Development Strategy.”