Kami Project: Innu Nation of Labrador and Kami Mine Limited Partnership

Innu Nation of Labrador and Kami Mine Limited Partnership: The deal was signed by the Innu Nation of Labrador and Kami Mine Limited Partnership. Alderon has a 75 per cent ownership stake in the Kami Project, with the remainder owned by the Chinese company Hebei Iron and Steel Group Co. Ltd. , according to The Telegram. We are pleased with this IBA as it gives financial benefits to the Innu people and opportunities for business contracts and jobs as well as environmental protection for Innu traditional pursuits, said Innu Nation Grand Chief Prote Poker in the news release. The signing of an impacts and benefits agreements IBA with respect to the Kami Iron Ore Project was announced Thursday in a joint news release. The deal will result in a sharing of benefits from the mine for the duration of its development. According to the release, benefits for members of the Innu Nation include employment, training, business opportunities and financial compensation. The agreement also covers environmental and cultural heritage protection. An environmental monitoring committee will be established. (www.immigrantscanada.com). As reported in the news.