Nwt Impact Benefit Agreements

The territorial government does not propose to participate in the negotiation of benefits with Aboriginal governments, as the desired benefits will vary from municipality to municipality and what companies offer will vary from project to project. Mining companies in the Northwest Territories must enter into performance agreements (BAs) with individual Indigenous governments when amendments to the territory`s Mineral Resources Act are passed. “When it comes to royalties, we`ve sent a strong message that the conversation should be about revenue, not just royalties. It should be taxes, royalties, royalties, performance agreements – everything that influences the entire tax picture. We have hinted that we will give this review in the next government the time it deserves,” he said. The GNWT must act in the interests of all NWT residents. Ensuring that residents see the local benefits of mining projects is an important part of this obligation. The legislation of agreements to provide benefits to NWT residents requires companies to negotiate these agreements. Diamond mines in the Northwest Territories continue to provide significant socio-economic benefits to NWT residents and businesses and generate significant revenues for the territorial government, according to the 2018 Socio-Economic Report on Diamond Mines Operating in the Northwest Territories. The report, presented by the NWT government in May 2019 to the Legislative Assembly, contains introductory messages as well as the economics and economy, employment and participation, training, well-being and engagement sections. Glen Koropchuk, COO of Fortune Minerals, said he wondered if the warrant was necessary. “Participation agreements with Indigenous communities are already widely accepted by industry.

But it was the industry that was in direct contact with indigenous communities without the participation of the public government,” he said. At this point, it is likely that industry and Indigenous governments have the same issue – will the proposed legislation support or hinder the process? The requirement that services be negotiated with Indigenous governments before a project progresses will anchor in law the need for businesses to work closely with Indigenous governments to deliver successful resource projects. To learn more about the benefits of NWT`s diamond mines, please read their latest socio-economic reports here: The list of opportunities that could be included in these types of impact reduction and service delivery agreements is long, and specific activities sometimes seem to overlap with the benefits. . . .