Anglesey Mining's 33%-owned associate Labrador Iron Mines has signed an impact benefits deal with Innu Takuaikan Uashat Mak Mani-Utenam of Sept-Iles, Quebec. The agreement concerns LIM's Schefferville Area direct shipping iron ore mining projects in the Province of Newfoundland and Labrador and in the Province of Quebec. The life-of-mine agreement, which follows the earlier agreement in principle signed in December 2010, was approved by resolution of the Innu Takuaikan Uashat Mak Mani-Utenam and signed by the Chief and Band Council. This new agreement recognises that LIM and ITUM wish to work together to establish a long-term, mutually beneficial, cooperative and respectful positive relationship based on confidence, trust and certainty.
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