Uranium giants Cameco and Areva
have reached a $600-million deal with a Saskatchewan First Nation that supports
their removal operations and drops a lawsuit over land near the planned
Millennium project.
The joint agreement is with the
English River First Nation, a group of more than 1,000 people who live on seven
small reserves in the provinces northwest. Another 400 populace live
off-reserve.
This is a little more certainty
around project growth. If there is a lawsuit hanging over, you know that
introduces a level of risk to the scheme. A formal signing observance is to be
held Friday in the society of Patuanak, about 600 kilometers north of
Saskatoon.
Most of the money is to flow to
the First Nation over 10 years during contracts with band-owned businesses and earnings
to band members, who are expected to work at the mines and on community progress
projects.
There are also to be direct
payments to the society for education, health, sports and leisure programs.
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