Nisga’a to benefit from gold mine taxation

Brucejack gold mine in northwestern B.C. is owned by Pretium Resources

The Nisga’a of the Nass Valley are to be double beneficiaries from the construction of a gold mine near Stewart.

In addition to Nisga’a citizens having employment and business opportunities arising from the Brucejack gold mine owned by Pretium Resources of Vancouver and for the Nisga’a Lisims Government to receive payments and royalties from the company, the Lisims government is also in line for a share of provincial mineral tax revenues from the mine when it goes into production in 2017.

Details are still being negotiated behind closed doors indicates a statement from the provincial government. “Any details on negotiations remain confidential until agreements are concluded,” added the statement.

The groundwork for a share of mineral taxation dates back to the Nisga’a land claims treaty of 2000 which laid out Nisga’a geographical spheres of influence.

And last year the province signed an agreement with the Nisga’a to negotiate project-by-project economic and community development agreements.

A portion of the Brucejack property is within the area over which the Nisga’a have an influence.

The province has negotiated more than a dozen economic and community development agreements with First Nations and when applicable to mines, provide the latter with 35 per cent of the net mineral taxation collected each year.

Nisga’a Lisims president Mitchell Stevens said he was confident a deal with the province for a share of Pretium’s mineral taxation would be signed in due course.

“It’s just a formality,” said Stevens of the agreement which would follow an already-established provincial policy on sharing mineral taxation.

“I don’t see any problem with it.”

While the deal between the Nisga’a and the province for the Brucejack mine will be the first between the two for a mine going into production, they did sign an earlier agreement for another proposed mining project.

And that was for the Avanti Kitsault molybdenum property which was scheduled to start construction this year but has been delayed because of poor markets and not being able to completely raise the capital needed. In that agreement, the Nisga’a signed up to receive a projected $43 million a year over a planned 16-year operating life.

As well, the Nisga’a are receiving $123,820 a year from the province in revenue sharing from the newly-completed Long Lake hydroelectric project near Stewart.

A direct jobs and economic benefits agreement between the Nisga’a and Pretium includes the latter setting a target for mine-related Nisga’a employment and training within the estimated 400 jobs Pretium will create through its planned 18-year operating life.

That provision is going to benefit the Nisga’a but other employment and business opportunities will benefit the region, said Stevens.

“I can’t stress that enough,” said Stevens of the impact that Pretium will have on the area.

 

 

 

 

 

 

 

 

 

Just Posted

Police investigating after body found in Terrace

Discovery Friday afternoon near Olson Ave.

Skeena Voices | Painting the world a brighter place

Marilyn Lachapelle brings life to rocks to heal and spread happiness

Northwest mobile unit to help those at heart of mental health, addiction crisis

Province, Northern Health unveils new unit in Terrace to bridge gaps in services

New Mills Memorial project said to be on track

But Skeena MLA Ellis Ross not convinced

Bail hearing adjourned for April in Terrace manslaughter case

Veronica Leanne Bolton, 34, is accused in death of Rene Fagan, 85

Stolen Bentley spotted going wrong way down highway found in Summerland

The car has been recorded going the wrong way on the Coquihalla, found two days later

1,300 cruise ship passengers rescued by helicopter amid storm off Norway’s coast

Rescue teams with helicopters and boats were sent to evacuate the cruise ship under extremely difficult circumstances

B.C. university to offer first graduate program on mindfulness in Canada

University of the Fraser Valley says the mostly-online program focuses on self-care and well being

Province announces $18.6 million for B.C. Search and Rescue

The funding, spread over three years, to pay for operations, equipment, and training

Late-season wave of the flu makes its round in B.C.

BC Centre for Disease Control reported 50 per cent jump in flu cases in first weeks of March

Tofino’s housing crisis causing some to seek shelter at the local hospital

Tofino’s housing crisis is pushing the town’s ‘hidden homeless’ population into the forefront.

Sentencing judge in Broncos crash calls for carnage on highways to end

Judge Inez Cardinal sentenced Jaskirat Singh Sidhu to eight years

2 fires in Victoria caused by cigarettes prompts warning from deputy fire chief

Two separate fires caused by cigarette butts were avoidable

Wildlife activists slam B.C. business, clubs for ‘wolf-whacking’ contests

Chilcotin Guns, Creston Valley Rod and Gun Club and West Kootenay Outdoorsmen Club under fire

Most Read