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Nicola band sign tax deal

An agreement is in place that will guarantee the Lower Nicola Indian Band both a share of mineral tax revenue and a say in decisions associated with the Highland Valley Copper Mine.

It was announced Tuesday the band had reached agreement with both the province and Teck Highland Valley Copper.

The band is the 15th and final Nlaka'pamux band to sign an agreement.

Under revenue-sharing with the province, the band will receive an initial payment of more than $550,000, plus annual payments based on mineral tax received by the province.

As part of a separate agreement between Lower Nicola Indian Band and Teck, the band will work with the company to develop employment and business opportunities and environmental and cultural heritage planning. Sharing mineral-tax revenue ensures First Nations are partners in resource development.

"This is real progress for our Nation," said Lower Nicola Indian Band Chief Aaron Sam.

"It makes sure we share in the revenue from Highland Valley Copper, but also means we are more closely involved in contracting and hiring and in environmental planning and control. It's an important part of building a strong future for Lower Nicola Indian Band."



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