Nisga’a, mining company announce economic agreement

Avanti wants to spend nearly $1 billion on northwestern B.C. molybdenum mine

  • Jun. 3, 2014 6:00 p.m.

Avanti Mining Inc. and the Nisga’a Nation have announced an agreement for the latter to receive economic and other benefits from the company’s planned molybdenum mine at Kitsault on the north coast.

“The agreement will address a number of outstanding Nisga’a concerns in respect of environmental protection, provide economic benefits to the Nisga’a Nation (including a net smelter royalty of up to 2 per cent based on prevailing molybdenum prices), and resolve all outstanding litigation,” states a company release of this morning.

The project is located within the Nass Area, in which the Nisga’a Nation has certain treaty rights under the 2000 Nisga’a Final Agreement.

This is the first major economic agreement negotiated by the Nisga’a Lisims Government.

Molybdenum is primarily used to strengthen steel.

Avanti and the Nisga’a Nation previously had a number of outstanding differences regarding the project and related permitting, but have recently been in direct discussions to resolve those issues and that has proven successful, states the release.

“We are pleased to have finally reached an agreement with Avanti that will enable the project to proceed while ensuring that our treaty rights are respected, and our Nation’s environment is protected” said Mitchell Stevens, President of the Nisga’a Nation.

“We wish to congratulate Avanti’s new executive team who approached us with a sincere interest in addressing our concerns with the project, which we were then able to work through without delay. This demonstrates that when proponents take the Nisga’a Nation’s interests and concerns seriously, practical agreements can be reached in a timely manner. We are now counting on the provincial and federal governments to fulfil their responsibilities under our treaty in respect of this and other projects in our area.”

“We are confident [the agreement] will provide meaningful benefits to all parties, including Nisga’a individuals and businesses, and we look forward to growing this partnership,” said Avanti president Gordon Bogden in the release.

The company had already received provincial environmental approval and is waiting for similar approval from the federal government.

It has already negotiated financial and sales agreements with German and South Korean interests tied to the project and is now pursuing final financing.

Construction to reopen the project under a modern day mine plan is expected to start in 2014, subject to receipt of final permits.

Total investment in the project will be approximately $1 billion and, when in production, the mine will provide up to 300 full-time jobs during its anticipated 14-year life.





Just Posted

College buys a yurt to boost student success

Round tent-like structure part of college instructional shift

Soup kitchen sees “groundswell of community support”

Donations toward looming tax bill push non-profit back in the black

Terrace husband and wife honoured for saving each other’s lives

BC Ambulance presented each a Vital Link Award for separate incidents of CPR

Council supports lobby for fair share of cannabis tax revenue

The City of Terrace is throwing its support behind a West Kelowna… Continue reading

Airport registers modest passenger increase

Manager anticipates further growth in 2018 as expansion project nears completion

REPLAY: B.C. this week in video

In case you missed it, here’s a look at replay-worthy highlights from across the province this week

Complaint against Prince George RCMP in death of Wet’suwet’en man

Thirty-five year old Dale Culver died while in Prince George RCMP custody last summer.

Philadelphia Eagles headed to Super Bowl

After routing the Minnesota Vikings 38-7, they will face Tom Brady and the New England Patriots

Heavy snowfall closes Mount Washington on Vancouver Island

Road to ski resort deemed unsafe, vehicles buried under more than three feet of snow

VIDEO: Dramatic video shows return of rescued B.C. snowboarders

Two snowboarders were rescued near Rossland, B.C. on Sunday after being lost overnight.

Tom Brady leads Patriots back to Super Bowl, top Jaguars 24-20

New England to face winner of Sunday night’s game between Minnesota and Philadelphia on Feb. 4

Liberals quietly tap experts to write new paternity leave rules

Ideas include creating an entirely new leave benefit similar to one that exists in Quebec

Insurers say Canadian weather getting hotter, wetter and weirder

Average number of days with heavy rain or snow across Canada has been outside norm since spring 2013

Final phase of MDMA-assisted psychotherapy trials to kick off in B.C.

Doctors hope to get psychedelic-assisted psychotherapy legalized in Canada and the U.S. by 2021

Most Read