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Newmont signs agreement Guy Quenneville Northern News Services Published Monday, February 21, 2011
Last week, Newmont announced it had signed a capacity agreement that will feed an unspecified amount of funding to the KIA to help it shoulder the increased workload that will come with Hope Bay's development into a gold-producing mine. Alex Buchan, manager of community and external relations for Newmont, said the money will go to new hires and contracted aid. "It's providing them the capacity to manage the paper work and the inspections and the reviews of our plans," he said. It will be strictly arms-length funding, he added. "We're not saying (how) we want the KIA lands department ... to respond to our proposal or our plans; (we're just) provide them the capacity to get a reasonable turnaround and respond effectively to what we're doing."
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