HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Municipal share of resource revenue coming, Rickford

https://www.kenoraonline.com/local/municipal-share-of-resource-revenue-coming-rickford

Municipal share of resource revenue coming, Rickford

Category: Local News Published: Monday, 09 December 2019 04:57 Written by Mike Aiken

Northern Development Minister Greg Rickford hopes to hold consultations on resource revenue sharing next year.

Northern Development Minister Greg Rickford is hoping to begin consultations in the New Year, so the province can offer resource revenue sharing to municipalities, as well as First Nations.

"We hope to be in a position through a more formal consultation within the next year that will have a resource revenue sharing program for all of the municipalities and Indigenous communities currently not under a resource revenue sharing agreement," said the minister.

"Resource revenue should stay home, here. Trucks going up and down our highways with logs are hard on them (roads). Infrastructure should prioritize to support some of those local operations, and I hope to have that program up and running in about a year," he added.

The province is expected to distribute $20 million to $30 million a year through resource revenue sharing for mining, forestry, aggregates and possibly other sources.

Queen's Park started resource revenue sharing with Treaty 3 in the fall, and Grand Chief Francis Kavanaugh sees it as an important and practical aspect of reconciliation.

For more information:

Ontario - Resource revenue sharing

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