NORTHERN QUEBEC – FALCONBRIDGE LTD. of Toronto, owner and operator of the Raglan nickel-copper mine, has presented a cheque worth $9.5 million in profits from the mine to the community of Kangirsuk. The yearly profit-sharing is spelled out in the Raglan Agreement signed with Makivik and local Inuit people prior to mine development.
Denis Lachance, general manager of the Raglan mine, said that “Raglan is a solid and reliable contributor to Falconbridge and will grow its mining activities in proud partnership with its employees and the people of Nunavik. The agreement is a model of co-operation between Falconbridge and local communities, and certainly an example to follow.”
With its 500 employees and 250 sub-contractors, Raglan is a major contributor to the region’s economic vitality. It has expenses of approximately $250 million annually, 11% of which remains in Northern Quebec and 32% in the Abitibi region, with 86% of annual expenses remaining in the province of Quebec, according to Falconbridge (www.Falconbridge.com).