Northern News Services
Wednesday, February 28, 2007

BAKER LAKE - A formal signing ceremony was held in Baker Lake earlier this month to announce a Development Partnership Agreement (DPA) between Cumberland Resources' Meadowbank Mining Corp. (MMC) and the Government of Nunavut.

The company also announced it had received its necessary water licence from the Nunavut Water Board to proceed with road construction to the Meadowbank site.

The DPA provides a framework for the GN and MMC to work together, and with the federal and municipal governments and the Kivalliq Inuit Association, to maximize the long-term socio-economic benefits of the Meadowbank gold project to Nunavut.

The agreement also paved the way for the MMC to apply for the GN's new fuel tax rebate program for mining companies.