Pinehouse, Kineepik Metis Local sign uranium mining agreement

The northern Village of Pinehouse and Kineepik Metis Local Inc. have signed a collaboration agreement with Cameco, Areva Resources Canada Inc. to guide future co-operation and sharing of benefits from uranium mining operations. The agreement builds on 25 years of co-operation between the community of about 1,000 people and the uranium mining industry and sets out specific commitments by the mining companies with respect to workforce development, business development, community engagement, environmental stewardship and community investment. The potential value of the agreement is estimated to be approximately $200 million over the next 11 years with the largest benefit from employment income and business development, and the remainder from community investment.