The following information is out of date.
Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page.
Iqaluit, Nunavut (September 7, 2010) – The Government of Canada will invest to enable the Inuit in Nunavut to participate in resource development projects in their territory, providing greater opportunities for Inuit businesses and communities. The Nunavut Resources Corporation will receive support from the federal government to develop Phase II of their strategic plan, which will identify resource development projects that will directly benefit Inuit in Nunavut.
The Honourable John Duncan, Minister of Indian Affairs and Northern Development and Federal Interlocutor for Métis and Non-Status Indians and Minister of the Canadian Northern Economic Development Agency (CanNor), announced today that the federal government will invest $979,000 in this project, worth a total of more than $1.2 million. The remaining funding of $262,050 will be contributed by the Kitikmeot Inuit Association (KIA).
“This Government is committed to ensuring that Northern economic development occurs in a way that directly involves those who live and work in the North,” said Minister Duncan. “This project will enable the Inuit in Nunavut to participate in resource development projects in their Territory, providing greater opportunities for Inuit businesses both at a community and territorial level.”
“This funding recognizes the importance of the resource sector for the Nunavut economy, and we are proud to offer Inuit more opportunities to gain financial and employment benefits from resource development projects,” said Minister Leona Aglukkaq, Member of Parliament for Nunavut, Minister of Health, and Minister Responsible for the North.
"The Nunavut Resources Corporation is an important vehicle for Inuit participation in non-renewable resource development in Nunavut,” said Kitikmeot Inuit Association President, Charlie Evalik. “We are working actively to establish joint venture projects that will contribute significantly to the future of economic development of the territory. We are grateful to Ministers Duncan and Aglukkaq for their support through CanNor and through the Major Resource and Energy Development program of Indian and Northern Affairs Canada."
The Nunavut Resources Corporation (NRC) was established by the KIA in 2009 with a mandate to ensure that Inuit benefit directly from major non-renewable resources projects in Nunavut. The Board of Directors and Advisory Committee are made of representatives of participating Regional Inuit Associations and Nunavut Tunngavik Inc. The NRC’s approach provides Inuit more opportunities to increase their economic influence and to access greater financial and employment opportunities through resource development projects. Phase II of the Corporation’s work will be to establish list of potential co-development partners and to negotiate Inuit participation in investments.
This initiative is receiving federal funding totaling $979,000 from the departments of Indian Affairs and Northern Development Canada and CanNor. INAC’s funding of $515,000 comes from the Major Resource and Energy Development (MRED) fund, which is designed to help Aboriginal businesses partner in some of the most important economic developments and energy projects in the country. This initiative is supported by the Federal Framework for Aboriginal Economic Development , the Government's policy framework outlining its vision, priorities, and strategy for increasing the participation of Aboriginal peoples in the Canadian economy.
The CanNor investment of $464,700 in this initiative was made possible through the Community Economic Opportunities Program, an initiative that the Agency delivers under a suite of Aboriginal Economic Development (AED) programs. CanNor is responsible for coordinating and delivering Canada’s economic development activities across the North, and for related policy development, research and advocacy.
For further information, please contact:
Office of the Honourable John Duncan
Canadian Northern Economic Development Agency (Nunavut Regional Office)
Communications Advisor, Nunavut Region