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

Okanagan’s smoke filled skies toxic to pets

Pet owners should take extra precautions with pets until smoke dissipates

Air support grounded as fires fill the skies with smoke

Update Aug. 19 1:25 p.m. A majority of air support is still… Continue reading

Crews continue extinguish Snowy Mountain Wildfire

The 13,359 hectare wildfire is classified as held

Smoke cancels Super League Penticton, organizers give pros a gift

Super League Penticton organizers decide to send all pro competitors to championship

Smoky skies means stay inside, according to Interior Health

The air quality in the Okanagan is considered a high risk

Flights from Kelowna International Airport affected by wildfire smoke

Passengers are being asked to check their flight’s status before arriving

Work continues on Monashee Complex wildfires

Crews will be assisted by helicopters if flying conditions improve

Fast food chains look to capitalize on vegetarian, vegan trend with new items

Seven per cent of Canadians consider themselves vegetarians and 2.3 per cent identify as vegans

Gottfriedsen Mountain wildfire continues to be held

Firefighters are working alongside the military to extinguish the wildfire near West Kelowna

B.C. swimmer halts journey across Strait of Juan de Fuca after hypothermia sets in

Victoria MS athlete Susan Simmons swam for eight-and-a-half hours in 9 C choppy waters

‘Hard on water:’ Smoke not the only long-range effect of wildfires

The project began more than 10 years ago after southern Alberta’s 2003 Lost Creek fire

B.C. VIEWS: Genuine aboriginal rights can be misused and discredited

Camp Cloud one of long line of protests falsely asserting title

Prime Minister Justin Trudeau to march in Montreal’s Pride parade

Trudeau will end the day in his home riding of Papineau

Most Read