Nwt Impact Benefit Agreements

The territory government does not propose to participate in negotiations with Aboriginal governments, as the desired benefits vary from community to community and which businesses vary from project to project. Overall, the effects can be seen as negative things that a community might feel as mining projects. Some common examples could be lost hunting or fishing opportunities. In benefit impact agreements, there are usually measures for supporters to offset these effects in one way or another. The GNWT must act in the best interests of all NWT residents. This is an important part of this obligation to ensure that residents see local benefits from mining projects. Legislation on agreements to provide benefits to NWT residents requires companies to negotiate these agreements. "With respect to royalties, we have sent a strong message that the conversation should be about revenue, not just a royalty rate. It should be taxes, royalties, royalties, benefit agreements — anything that affects the whole tax.

We have hinted that we will give this review the time it deserves in the next government," he said. Mining companies in the Northwest Territories are required to enter into performance agreements with the various indigenous governments (ABs) if changes to the Territory`s Mineral Resources Act are adopted. It is already a common practice for mining companies to negotiate participation and benefit agreements with Aboriginal governments before carrying out projects, but government officials say the introduction of a process of serenity will bring greater clarity to businesses. CORRECTION, MARCH 1: The Northwest Territories make performance agreements, no impact and benefit agreements mandatory, as we originally reported. The impacts of the project are dealt with by the territorial authorities of agriculture and water and the benefits are taken into account by the updated legislation. CIM Magazine regrets this error. The list of opportunities that could be included in this type of impact reduction and service delivery agreements is long and specific activities may sometimes overlap with benefits. "The most important thing we should have done was to review the royalty regime," he said.

"The promise of decentralization - we will benefit more from resource development - has not yet become a reality." The requirement that benefits be negotiated with Aboriginal governments before a project progresses included the need for businesses to work closely with Aboriginal governments to understand successful resource projects.