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    First Nation Wants Cash for De Beers Mine

    Investing News Network
    Jan. 28, 2011 11:59AM PST
    Gem Investing

    CBC reports that the Deninu K’ue First Nation in the Northwest Territories is seeking cash compensation for the Snap Lake Mine from De Beers.

    CBC reports that the Deninu K’ue First Nation in the Northwest Territories is seeking cash compensation for the Snap Lake Mine from De Beers.

    The story is quoted as saying:

    The Deninu K’ue — northeast of Fort Resolution on the shore of Great Slave Lake — may be too far away from the mine to have an Impacts Benefit Agreement, or IBA, with the company, but Chief Louis Balsillie says the First Nation still has the right to compensation

    To access the full story, click here.

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