LIM Signs Impact Benefits Agreement With Innu Matimekush-Lac John

Labrador Iron Mines Holdings Limited (TSX:LIM) reports it has signed an impact benefits agreement with the Nation Innu Matimekush-Lac John.

The press release is quoted as saying,

Under the IBA Agreement, LIM has agreed to the equitable participation of the Innu Matimekush-Lac John in its Schefferville Area Projects through employment, training, contract opportunities and financial benefits, including some community infrastructure projects, and has agreed to take certain social and environmental protection measures to mitigate the impact of the Projects on MLJ families and traditional activities.

For the complete press release, click here.