Communities and Blackrock Metals
BlackRock Metals’ management and Board of Directors fully understand the vital importance of establishing and maintaining a constructive and reliable working relationship with the local communities of Chibougamau, Chapais, Oujé-Bougoumou and Mistissini in order that those communities and all stakeholders benefit from the project. It has therefore signed a Declaration of Partnership with the Towns of Chibougamau and Chapais. The Declaration of Partnership is a cooperation agreement for the sustainable development of the iron-titanium-vanadium project of BlackRock Metals Inc. and optimizing of the economic benefits for the surrounding communities. The management and operations of BlackRock Metals Inc.’s mine will be based on the sustainable development principles reconciling the aspects of environmental protection, social responsibility and economic efficiency. The Declaration was signed in Chibougamau, on May 22, by Ms. Manon Cyr, Mayor of Chibougamau, Mr. Steve Gamache, Mayor of Chapais, and Mr. Jean Rainville, President and Chief Executive Officer of BlackRock Metals Inc.
BlackRock Metals is proud to have signed on June 5th, 2013 the Ballyhusky agreement (IBA) with the Oujé-Bougoumou Cree Nation Council and by the Grand Council of the Crees (Eeyou Istchee) and the Cree Regional Authority which reflects the support of the Cree Nation and ensures a sustainable, positive climate for the future development of the BlackRock Metals project. The signature of this historic agreement marks the Crees’ commitment to cooperating with BlackRock with regard to the new iron-titanium-vanadium mine in Eeyou Istchee Territory. This agreement, which will remain in effect throughout the life of the mine, contains various provisions for Cree participation in the BlackRock project development, including training, education initiatives, employment and business opportunities for the Cree Nation. It also aligns the parties interests in terms of the project’s financial success, and ensures that the Crees will enjoy financial benefits, most notably in relation to the mine’s future profitability. The Crees, Cree hunters and land users in particular, will also be involved in the environmental monitoring of the BlackRock project so as to minimize the project’s impact on the traditional Cree way of life.