Similkameen First Nations receive Copper Mountain Mine revenue

Mineral tax revenues flow to benefit Upper and Lower Similkameen Indian Bands

 

The Upper and Lower Similkameen Indian Bands will receive $400,000, split equally between the two bands as initial payment of their share of provincial tax revenues collected from Copper Mountain Mine.

The Economic and Community Development Agreement (ECDA)between the Upper and Lower bands and the province is one of 10 EDCAs signed since 2010.

The agreements were assembled to help First Nations benefit from mining activity within their traditional territories. The  EDCAs also support a BC Jobs Plan commitment to reach new non-treaty agreements with First Nations.

The two Similkameen bands agreed on a 50-50 split in the revenue prior to the province issuing the revenue.

“The total amount of each EDCA is divided between two or more affected bands on a case by case basis,” said Robin Platts, Communications Manager with Government Communications and Public Engagement for the Ministry of Aboriginal Relations and Reconciliation.

“In the case of Copper Mountain, the two bands worked internally and agreed on a division of the mandate themselves.”

A revenue sharing agreement, signed in March this year, will see the two bands receive a per centage of tax revenue collected by the province each year for the remaining life of  the mine.

Platts said First Nations identify community priorites that would use the funds, along with goals and specific outcomes aimed at enhancing and improving the social, and economic well being, as well as improving governance capacity  of the band.

“The agreements include annual reporting requirements regarding their progress and their evolving socio-economic goals, however, the agreements do not allow for per capita payments to be disbursed to individuals,” Platts said in an email.

This year’s share of revenues were based on production from the 2012 mine fiscal year. Annual payments will continue for the life of the mine, estimated at 17 years.

The agreement also contains a comprehensive consultation process that commits the province to working with the bands for all potential future mining activity related to the ongoing operation of Copper Mountain.

The mine is calculated to have a minable resource of more than two million metric tonnes of copper.

More than 300 people are employed at Copper Mountain, which is located 30 kilometres southwest of Princeton.

 

 

 

 

 

 

Just Posted

Police seek Hedley prowler

Mischief takes place at night

Heavy snowfall for Coquihalla

Kelowna - Snowfall is expected to continue on the highway until Sunday

Neighbours ‘save the day’ when Jeep starts on fire

Damage could have been much worse if neighbours hadn’t pitched into help with Jeep fire in Keremeos

Okanagan wineries back to business as usual

“It’s business as usual,” said Jeff Harder, owner of the Lake Country winery, Friday morning.

Region takes a leading role in film

Okanagan Film Commission shines in 2017

The 2018 B.C. Games wrap up in Kamloops

The B.C. Winter Games comes to a close after a weekend of fun and excitment

B.C. boosts support for former youth in government care

More support coming for rent, child care and health care while they go back to school

Luna Fest issues callout for artist submissions

Festival’s art installations transform downtown Revelstoke in the fall

Concert-goers unfazed by Hedley sexual misconduct allegations

Frontman Jacob Hoggard thanked fans from the ‘bottom of our hearts’ at Halifax’s Scotiabank Centre

Robinson Crusoe+Friday sails into Penticton

Children’s Showcase presents Axis Theatre’s take on the classic tale

Curtain falls on Revelstoke Glacier Challenge

Annual slo-pitch tournament had been running for 30 years

Original B.C. Games participant-turned-sensei officiating 39 years later

Langley judo sensei was a competitor at the inaugural B.C. Winter Games 40 years ago

Snowfall warning, travel advisory in effect for Coquihalla

Coquihalla Highway between Hope and Merritt to receive 10 to 20 cm of snow Sunday

Police watchdog probes B.C. man’s taser death in alleged parental child abduction

Independent Investigations Office called in after one male dies

Most Read