Industry and Northern Community Agree to Strengthen Relationship
December 13, 2012
PINEHOUSE, Saskatchewan, December 12, 2012 – AREVA Resources Canada Inc., Cameco Corp., the Northern Village of Pinehouse and Kineepik Metis Local (Pinehouse) announced the signing of an agreement that strengthens the longtime relationship between the groups and outlines future cooperation, workforce development and investment commitments in the Northern communities.
The agreement builds on a positive relationship between the uranium mining companies and the community of about 1,000 residents that spans decades and sets out specific commitments the companies will make with regard to the workforce development, business development, community engagement, environmental stewardship and community investment. The benefits to the community of this agreement total an estimated $200 million over 11 years.
The agreement also reaffirms the support of the Village of Pinehouse and Kineepik Metis Local for AREVA and Cameco’s existing operations subject to the companies’ continued commitment to operate in a responsible manner, protect the environment and public health and safety, and regularly address residents’ concerns.
“We have worked closely with Northern communities for decades and are proud of our long-term relationships with the people of Northern Saskatchewan. Many of our employees come from Northern communities as do many of the businesses upon which we rely. This agreement strengthens our long-term cooperation to ensure the ongoing shared success of uranium mining in Saskatchewan,” said Vincent Martin, president and CEO of AREVA Resources Canada.
Pinehouse Mayor Mike Natomagan said the stronger relationship with Cameco and AREVA will help grow the community as well as its contributions to the economy of northern Saskatchewan. “This agreement will provide long-term benefits to our community,” said Natomagan. “It allows us to expand on our strong mining culture and do it our way.”
Highlights of the agreement include:
A commitment to work to increase the number of Pinehouse people working at AREVA and Cameco operations through a range of initiatives including preferential hiring, maintaining a full-time community liaison at Pinehouse to support individuals seeking employment in the industry, and education, training and professional development opportunities.
Contracting with qualified Pinehouse-owned businesses for specific opportunities and collaborating with Pinehouse to identify future opportunities to provide goods and services to AREVA and Cameco.
Establishment of a joint committee to plan and implement community engagement activities to ensure Pinehouse residents are aware of, understand, and have opportunities to raise and address concerns with respects to AREVA and Cameco’s existing operations and future projects.
An initial one-time community investment payment of $1 million.
Additional one-time payments upon the start of production from the Cigar Lake project ($500,000) and the start of construction of the Millennium mine project ($500,000).
Annual payments ranging from $200,000 to $1 million depending upon the volume of production achieved at AREVA and Cameco’s Saskatchewan operations.
Community investment contributions will be made to a community trust to be established by Pinehouse following the signing. An independent trustee will administer the trust; which will be directed by a board consisting of Pinehouse residents and one member appointed by Cameco and AREVA.
The full agreement will be available on the Village of Pinehouse website www.pinehouselake.ca.
More About AREVA
AREVA provides its customers with solutions for low-carbon power generation in North America and all over the world. As the leader in nuclear energy and a significant, growing player in the renewable energies sector, AREVA combines U.S. and Canadian leadership, access to worldwide expertise and a proven track record of performance. Sustainable development is a core component of AREVA’s strategy. Its more than 4,000 U.S. and Canadian employees work every day to make AREVA a responsible industrial player helping to supply ever cleaner, safer and more economical energy to the greatest number of people. AREVA Inc. is headquartered in Bethesda, Maryland. Visit us online at http://us.areva.com and follow us on Twitter: @AREVAinc.