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InvestorIdeas.com, a leading global investor and industry research resource portal specialized in sector investing reports on resource based public companies in Canada and relationships and strategies regarding First Nations. As investors read headlines of blockades and litigation, it is fast becoming a necessary part of investor due diligence to review and consider each public company policy and strategy regarding First Nations and the underlying natural resources.
In the first of a new series, Investorideas.com discusses this highly volatile issue with representatives of public companies, industry members and the First Nations community including Chief Paul Eshkakogan, Curtis Rattray, Chairman of the Central Council Tahltan Nation, Rick Van Nieuwenhuyse, President and CEO of NovaGold Resources Inc.(TSX: NG) (AMEX: NG), Donald A. McInnes, Vice-Chairman and CEO of Plutonic Power Corp (TSX: PCC), industry consultants Brian Davey, First Nations Equity Inc and Jessica Delaney, VP of PR Associates.
At the recently held Canadian Aboriginal Mining Association Conference (CAMA) in Vancouver one of the panelists, Chief Paul Eshkakogan, Sagamok Anishnawawbek, commented when asked by an audience member what companies have done it right “Nobody has got it right yet, there is a lot more room for improvement.”
In an interview with Investorideas.com Chief Paul Eshkakogan went on to discuss two mining deals they have entered into in Northern Ontario and how the resulting deals have improved working opportunities for his people but have yet to include royalty deals. They have currently signed an interim measures agreement with URSA Major Minerals Incorporated (TSX: UMJ) (ursamajorminerals.com) and an MOU with CVRD Inco (inco.com)
From mining companies including Liberty Mines (TSX.V: LBE), to oil and gas companies Bronco Energy Ltd. (TSX.V: BCF) and Blacksands Petroleum (OTCBB: BSPE), to renewable energy company Plutonic Power Corporation (TSX: PCC), there have been several successful agreements executed that benefit both the public companies and the First Nations communities.
First Nations Equity (firstnationsequity.com) offers financial and management consulting services on corporate and community project financings, business partnerships, joint ventures, business development, impact and benefit agreement negotiations, consultations with First Nations, and economic and business research.
For companies that are currently in, or entering into agreements, with First Nations, there are risk analysis tools available to evaluate the risk and rewards, developed by a PR firm that specializes in relationships with resource companies and First Nations communities. Jessica Delaney, VP, of PR Associates, discusses the 25 variables and factors . She comments, “We believe that given an effective tool the industry can be much more responsive”. She went on to say” At the end of the day we need to look at building open and honest communication and actively trying to learn more about the communities in which we work in.”
The bottom line for investors and public companies in the sector is -you can invest in a mutually beneficial long term relationship with a respect and win for all parties, or take a path of resistance with all the related costs, delays and potential litigation.
Investorideas.com invites members of the business community and First Nations to discuss and comment on this issue for future articles, releases and Podcasts. Investorideas.com is in the initial stages of preparing a documentary on related topics entitled “A Time to Be Brothers “, themed on incorporating and blending both cultures to create an overall win for the environment. As global warming issues become an issue of concern for all cultures; how we develop or exploit our natural resources will impact all of us.
About InvestorIdeas.com
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, the Middle East and Australia.
Disclaimer: Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. The site is compensated by featured companies, news submissions and online advertising.
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