Two First Nation bands to receive 35 per cent of taxes collected on new Princeton mine

Business in Vancouver reporter Nelson Bennett is reporting that two First Nations near Princeton, B.C., will get a share of the taxes the B.C. government collects from the new Copper Mountain Mine.

Under a new economic and community development agreement signed with the B.C. government, the Similkameen Indian Band and Lower Similkameen Indian Band will get 35 per cent of the taxes the B.C. government collects on the new mine, which went into operation in June 2011.

The B.C. government was unable to provide information on how much it collects from the new mine.

The agreement also provides commitments by the government to work with the bands on other future mining activities in their territory.

“Our Smelqmix and Syilx chiefs and councils have been petitioning the province to share the wealth of the resources in our territories for a long time,” Upper Similkameen Chief Charlotte Mitchell told the business paper. “We see this agreement as a small step in the right direction."

Source: Business in Vancouver