The Financial Post reports that while tensions between native communities and the resource sector remain high in many parts of the country, Stornoway Diamond is bending traditional corporate practice in an attempt to win a “social licence” for Quebec’s first diamond mine.
Stornoway has signed a binding agreement with the Cree Nation of Mistissini and the Grand Council of the Crees for its Renard diamond project in the Otish mountains of Northern Quebec. The deal governs the long-term working relationship between the miner and the Cree parties throughout the project’s development, up to and past its projected start-up in 2015. The agreement is unusual for the level of detail it discloses.
The summary says the company will reserve a quarter of the Renard goods and services contract bidding invitations for Cree businesses, set up a mechanism allowing the Cree to benefit financially from the success of the mine over its estimated 20-year lifespan, and consult the aboriginal tallymen in the territory on no-fly zones into the mine site during spring goose and fall moose hunt seasons. The deal brings in the Cree as corporate insiders.
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