Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
The Inuit land-claim organization for Nunavut’s Baffin Island region is sounding out on a traditionally hush-hush topic: how much money an aboriginal group receives in its financial deal with a mining company.
The Qikiqtani Inuit Association (QIA) Board of Directors released a version of its Inuit impact and benefit agreement with Baffinland Iron Mines Friday that includes dollar figures for how much has been promised to the QIA.
That includes an advance payment of $5 million and another $5 million after Baffinland received its water licence.
