Tahltan reach benefits agreement over Seabridge’s massive KSM gold mine project

$308M agreement provides additional billions for Tahltan jobs, contracts

The Tahltan Nation has voted in favour of a Cooperation and Benefits Agreement worth an estimated $380 million over the next 50 years with Seabridge Gold’s KSM gold mine project.

In a joint press release with Seabridge, the Tahltan Central Government (TCG) said 77.8 per cent of members voted positively on the terms, adding the milestone agreement also represents a thorough framework on which to build social licence.

“The Tahltan people have spoken and have ratified the KSM IBA that provides the Tahltan Nation with far reaching economic benefits and strong commitments to the environmental management of the land that we hold sacred,” says TCG President Chad Norman Day.

READ MORE: Tahltan, Tlingit, Kaska youth participate in Vancouver mining conference

In addition to the royalties and cash payments agreed to, the project is estimated to deliver between $1.6 billion and $2.2 billion in wages for Tahltan workers and $1.5 billion in construction and operations contracts. Under a “Tahltan First” hiring process, up to 450 positions will be available during construction and 275 during operations. An additional $7.5 million is being made available for training and scholarships.

Seabridge calls the KSM (Kerr-Sulphurets-Mitchell) Project one of the largest undeveloped gold projects in the world, based on reserve measurements in a preliminary feasibility study totaling 38.8 million ounces of gold and 10.2 billion pounds of copper.

“We believe that the KSM IBA provides the basis for a genuine partnership between the KSM Project and the Tahltan Nation for decades to come,” says Seabridge Chairman and CEO Rudi Fronk. “The Tahltan Nation’s representatives have made many valuable contributions to the evolution of KSM. We have listened to their environmental, cultural and economic concerns, which have been rooted in the best interests of the Tahltan Nation, and we have crafted ways of addressing these concerns into KSM’s design.”

READ MORE: Burned out Tahltan Nation gets help from gold mining firm

Included in its environmental commitments, Seabridge will spend up to $2.5 million on environmental monitoring contracts with Tahltan companies. Fifteen environmental management programs will include Tahltan collaboration, with up to 10 positions in the environmental department going to Tahltan members.

The company has also pledged to the province $75,000 at the start of construction and $30,000 per year thereafter for wildlife and aquatic initiatives along hwy 37 and 37A. An additional $100,000 will be earmarked for TCG-led land stewardship programs.

The project received its provincial Environmental Assessment Certificate in July, 2014, and federal approval the following December.

The Tahltan Nation’s Territory spans 95,933 square kilometres, roughly 11 per cent of the province, and includes 70 per cent of B.C.’s so-called Golden Triangle. The territory is home to three of BC’s 19 operating mines or their shared footprint, and to approximately 25 per cent of B.C.’s exploration activities by expenditure, according to TCG.


 


quinn@terracestandard.com

Like us on Facebook and follow us on Twitter

Just Posted

Cullen gets $89,000 in post-MP severance

Nathan Cullen, the outgoing New Democrat MP for Skeena-Bulkley Valley is leaving… Continue reading

No four-wheel drive ambulances for the north

Aren’t suitable for paramedics or patients

District approves 9th Street design

Stage now set for extensive project

Job fair in Houston sees over 200 through the door

The Coastal GasLink (CGL) pipeline project might offer numerous jobs to locals… Continue reading

RDBN board briefs

The Regional District of Bulkley-Nechako (RDBN) is allocating $100,000 towards increasing the… Continue reading

‘We love you, Alex!’: Trebek gets choked up by ‘Jeopardy!’ contestant’s answer

The emotional moment came in Monday’s episode when Trebek read Dhruv Gaur’s final answer

Birthday boy: Pettersson nets 2 as Canucks beat Predators

Vancouver ends four-game winless skid with 5-3 victory over Nashville

Judge rejects Terrace man’s claim that someone else downloaded child porn on his phone

Marcus John Paquette argued that other people had used his phone, including his ex-wife

Petition for free hospital parking presented to MP Jody Wilson-Raybould

What started as a B.C. campaign became a national issue, organizer said

Petition to ‘bring back Don Cherry’ goes viral after immigrant poppy rant

Cherry was fired from his co-hosting role for the Coach’s Corner segment on Nov. 11.

B.C.’s high gasoline prices still a mystery, Premier John Horgan says

NDP plans legislation this month, seeks action from Justin Trudeau

Group walking on thin ice at B.C. lake sparks warning from RCMP

At least seven people were spotted on Joffre Lakes, although the ice is not thick enough to be walked on

VIDEO: Don Cherry says he was fired, not sorry for ‘Coach’s Corner’ poppy rant

Cherry denies he was singling out visible minorities with his comments

B.C. teacher suspended for incessantly messaging student, writing friendship letter

Female teacher pursued Grade 12 student for friendship even after being rebuked

Most Read