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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A second wave of COVID-19 is probable, if history tells us anything

B.C.’s top doctor says that what health officials have learned this round will guide response in future

Water recovery team stands down search for missing man in Stellako River

Jason Bouchard was in a boat with a friend that overturned in the river May 16

COVID-19: PG Community Foundation to disperse community support funds

$197,630 in funding announced by the Prince George Community Foundation

CGL workforce will gradually increase to 650 workers by end of May

The pipeline company provided a project update on May 21.

With wildfire season approaching, here are some tips to be ‘FireSmart’ this year

Q & A with Lindsay King, FireSmart Educator for the Regional District of Bulkley-Nechako

LIVE: Procession to honour Snowbirds Capt. Jennifer Casey comes to Halifax

Snowbirds service member died in a crash in Kamloops one week ago

RCMP facing ‘systemic sustainability challenges’ due to provincial policing role

Provinces, territories and municipalities pay anywhere from 70 to 90 per cent of the cost of the RCMP’s services

One man dead after standoff with Chilliwack RCMP

The Independent Investigations Office of B.C. is investigating the RCMP’s role in the death

B.C. employers worry about safety, cash flow, second wave in COVID-19 restart

A survey found 75 per cent of businesses worry about attracting customers

Introducing the West Coast Traveller: A voyage of the mind

Top armchair travel content for Alaska, Yukon, BC, Alberta, Washington, Oregon and California!

Ex-BC Greens leader Andrew Weaver says province came close to early election

Disagreement centred on the LNG Canada project in northern B.C.

Canada’s NHL teams offer options to season-ticket holders

Canadian teams are offering refunds, but also are pushing a number of incentives to let them keep the money

B.C. premier says lessons to learn from past racism during response to pandemic

B.C. formally apologized in the legislature chamber in 2008 for its role in the Komagata Maru tragedy

Snowbirds to remain at Kamloops Airport indefinitely after fatal crash

small contingent of the Snowbirds team is staying in Kamloops, acting as stewards of the jets

Most Read