National Aboriginal Economic Development Board

Transcription

1 National Aboriginal Economic Development Board Enhancing Aboriginal Financial Readiness for Major Resource Development Opportunities October 28, 2015

2 Overview 1. About the National Aboriginal Economic Development Board 2. Natural Resource Development 3. Aboriginal Financial Readiness Report 4. Recommendations 5. Aboriginal Mining Strategy for NE Ontario 2

3 The National Aboriginal Economic Development Board The Board is comprised of First Nations, Inuit and Métis business and community leaders from across Canada. 3

4 Natural Resource Development Natural resource development is a cornerstone of the Canadian economy. Revenue Employment 4

5 Unlocking Aboriginal Economic Wealth Resource Development in Canada is significant Currently there are 489 major resource projects worth approximately $497.9 billion 84 % of all projects are located within 100km of a First Nations reserve. 5

6 Preparing For Opportunity Maximizing benefits from economic opportunities. In June 2014, the Supreme Court of Canada issued a unanimous decision in favour of the Tsilhqot in Nation, in Roger William et al v. Her Majesty the Queen. Benefit sharing arrangements 6

7 Enhancing Aboriginal Financial Readiness In January 2015, the Board released its report on Enhancing Aboriginal Financial Readiness for Major Resource Development Opportunities. Institutional arrangements supporting community financial management. Strengthened capacity to support sound financial management. 7

8 Institutional Arrangements Rec 1 Support existing institutions to build the necessary financial capacity to take advantage of major resource opportunities. Accreditation and Certification First Nation Fiscal Management Act Institutions FNMHF, AFOA, CAPA, AND CAFM 8

9 Institutional Arrangements Rec 2 That the Government of Canada provide flexible, longterm, multi-year fiscal transfer arrangements to incent best financial management practices. Administering Governance Accreditation Structures Assessing Risk Optimizing Participation in Resource Development 9

10 Institutional Arrangements Rec 3 To facilitate meaningful equity participation in major resource development projects through a targeted loan guarantee instruments or other appropriate financing measures. Equity Positions in Major Projects Loan Guarantees 10

11 Strengthened Capacity Rec 4 To support the creation of formal regional economic development tables, to provide direction and drive action which will benefit communities impacted by projects. Increasing Community Capacity Regional Economic Development Tables 11

12 Strengthened Capacity Rec 5 That Centers of Excellence on Aboriginal Resource Development be financially supported by industry and government. Access to Information Human Resource Capacity Live Support 12

13 Further Consideration Rec 6 In light of the Tsilhqot in decision, that Canada affirm, support and promote Aboriginal rights with respect to the negotiation and establishment of resource revenue sharing agreements. Resource Revenue Trusts Resource Revenue Sharing 13

14 Aboriginal Mining Strategy for North East Ontario Strategy Vision First Nations and Aboriginal businesses served by Waubetek will be successful in accessing economic opportunities in the mining sector through the implementation of diverse, partnership-based initiatives which open doors to Aboriginal engagement, employment and business supply of goods and services in the mining industry. 14

15 Aboriginal Mining Strategy for North East Ontario Four Areas for Strategic Action 1. Aboriginal Mining Industry Knowledge, Awareness and Capacity 2. Aboriginal Businesses and Partnerships 3. Mining Industry Relations 4. Skilled Aboriginal Workforce 15

16 Aboriginal Mining Strategy for North East Ontario Key Strategic Action Items 1. Establish a Centre for Excellence in Aboriginal Mining 2. Mining 101 Community Workshops 3. First Nation collaborative regional and treaty based approaches 4. Participate in mining conferences/tradeshows 5. Establish a regional mining table 6. Partnership-based training initiatives 16

17 Aboriginal Mining Strategy for North East Ontario Key Strategic Action Items 7. Organize mining initiatives for Aboriginal youth 8. Establish and maintain a mining-focused HR database 9. Aboriginal awareness training 10. Establish an Aboriginal Mine Supply and Service Network 11. Establish a mining-specific investment fund 17

18 Aboriginal Mining Strategy for North East Ontario 18

19 Aboriginal Mining Strategy for North East Ontario 19

20 National Aboriginal Economic Development Board NAEDB Website: and Waubetek Business Development Corporation 20

21 Questions? 21