Labrador Iron Mines

Holdings Limited

Our Commitment

Partnering with Local Communities

At Labrador Iron Mines, we believe that success can only be achieved through the building of relationships of trust and mutual benefit with all stakeholders, especially the communities in which we work. Adopting open and transparent communications with local communities and governments is paramount to establishing this kind of relationship. Learning from one another, having mutual respect and working together will result in shared success.

The peoples of the Quebec-Labrador Peninsula are represented by several dynamic cultures and traditions. The properties comprising the Schefferville Projects are located in an area over which claims for traditional aboriginal rights are asserted by four First Nations groups, namely the Innu of Matimekush- Lac John (Schefferville), the Innu of Uashat Mak Mani-Utenam (Sept-Iles), the Naskapi Nation of Kawawachikamach (near Schefferville) and the Innu Nation of Labrador.

In July, 2008 LIM signed an Impact Benefits Agreement with the Innu Nation of Labrador representing the Sheshatshiu Innu First Nation and the Mushuau Innu First Nation, living in the communities of Sheshatshiu and Natuashish.

In September 2010, LIM signed an Impact Benefits Agreement with the Naskapi Nation of Kawawachikamach based on an earlier Memorandum of Understanding.

Following a memorandum of understanding with the Nation Innu of Matimekush-Lac John of Schefferville, Quebec in the fall of 2010, on June 7, 2011 LIM signed a life-of-mine Impact Benefits Agreement (IBA) with the Nation Innu Matimekush-Lac John.

In February 2012, LIM signed an Impact Benefit Agreement with the Innu Takuaikan Uashat Mak Mani-Utenam of Sept-Iles, which followed on the earlier Agreement in Principle signed in December 2010.

LIM has also entered into an Economic Partnership Agreement (December 2012) with the NunatuKavut Community Council representing the Southern Inuit of Labrador.

Under the various Agreements, the Company has agreed to the equitable participation of these First Nations groups in the Schefferville Projects and to take certain social and environmental protection measures to mitigate the impact of the Schefferville Projects.

To help maintain open lines of communications, our community relations personnel and other staff endeavour to meet regularly with community and government leaders, community groups, and individuals to answer questions and address concerns. We encourage participation and inquiry through our website.