Business Vancouver reports agreement between Avanti Mining Inc. and the Nisga’a Nation

Business Vancouver reports an agreement between Avanti Mining Inc. and the Nisga’a Nation regarding the mining company’s proposed $1 billion Kitsault Molybdenum Mine Project. The agreement includes a royalty of up to two per cent based on the price of molybdenum, and promises to address environmental concerns. “We are pleased to have finally reached an agreement with Avanti that will enable the project to proceed while ensuring that our treaty rights are respected, and our nation’s environment is protected,” said Nisga’a Nation President Mitchell Stevens. “This demonstrates that when proponents take the Nisga’a Nation’s interests and concerns seriously, practical agreements can be reached in a timely manner. The project is located in the Nass Valley of northwestern British Columbia. It will produce 300 fulltime jobs over 14 years. It is expected to open in 2014.