Seabridge Gold agrees to fund environment-monitoring programmes
TORONTO (miningweekly.com) – British Columbia-focused project developer Seabridge Gold on Monday reported that it had inked another benefits agreement with an Aboriginal community surrounding the $5.3-billion KSM copper/gold project, located in the north-west of the province.
The Toronto-based company said under an agreement with the Gitanyow Wilps, as represented by the Gitanyow Hereditary Chiefs Office, it would pay for certain programmes relating to wildlife, fish and water-quality monitoring to address some of the concerns raised by the Gitanyow Huwilp.
The parties would also establish a committee to maintain communications about issues relating to the KSM project.
“The Gitanyow, whose territory is downstream of the KSM project, sought certainty that their lands and resources would be protected. Through this agreement, Seabridge is providing a mechanism to monitor the potential impacts of the project on their resources, which we believe will give greater comfort that the KSM project will perform as projected and assist the Gitanyow Huwilp in their efforts to maintain and improve wildlife and fish populations in the region that might be impacted by the project.
“While we believe we have effectively addressed these issues in the project design, we also understand and respect the concerns of the Gitanyow Huwilp. Having addressed these matters in this agreement, we are pleased to have been able to achieve greater certainty for the project,” Seabridge chairperson and CEO Rudi Fronk said.
Last week, Seabridge entered into a comprehensive benefits agreement with the Nisga'a Nation regarding the KSM project. The agreement established a long-term cooperative relationship between Seabridge and the Nisga'a Nation under which the local residents undertook to support developing the project, participate in economic benefits from the project and provide ongoing advice.
The KSM project is one of the largest undeveloped gold projects in the world. Proven and probable reserves total 38.2-million ounces of gold and 9.9-billion pounds of copper.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation