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Historic Deal Sees Mining Royalties Paid to Canadian Aboriginal People

In a historic first, the government of British Columbia, Canada has agreed to share taxes collected from a new mine with the aboriginal people who are the traditional land owners of the region where the mine will be located. The revenue sharing announcement was made on Tuesday.

According to the revenue sharing agreement, two Indian bands in the Kamloops, in south central, British Columbia will receive shares of the provincial taxes generated by the New Afton mine which will be operated by New Gold.

Royalties that the aboriginal people will receive could easily amount to tens of millions of dollars. Such funds will go a long way to alleviating problems such as poverty and other economic concerns

The project consists of a copper, silver and gold mine which is currently under construction and is located 10 km west of Kamloops, will be an underground mine, on the site of an old open cut mine.

The Minister of State for Mining, Randy Hawes confirmed that British Columbia had entered into the agreement with the Stk'emlupsemc of the Secwepemc Nation.

Keith Clark who is a lawyer with Lang Michener in Vancouver said that it was the first agreement of its kind in British Columbia. The governments of Yukon, Nunavut and the North West territories have used some revenue sharing models but none of them have ever put such an arrangement in place.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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