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Tahera Diamond Corporation & the Kitikmeot Inuit Association sign formal Inuit Impact Benefit Agreement |
09/09/2004 |
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Press Release - Toronto September 9, 2004
Tahera Diamond Corporation and the Kitikmeot Inuit Association (KIA) are pleased to announce that they have signed the formal Inuit Impact Benefit Agreement (IIBA) for the Jericho Diamond Project at a ceremony in Cambridge Bay, Nunavut.
The ceremony was conducted on the evening of September 8th and was attended by a large number of local dignitaries, representatives of the Territorial and Federal Governments, as well as elders and residents of the community. The evening commenced with a community feast and was followed by a variety of traditional entertainment and athletic demonstrations. Tahera believes that this event is a clear indication of the enthusiastic support that exists for its development plans with regard to Nunavut’s first diamond mine. This ceremony marks the formal signing of the IIBA and follows an agreement in principle that was reached in late 2003.
The IIBA outlines the benefits that will be provided to Inuit as a result of the development and operation of the Jericho diamond mine. The agreement will ensure that local employment, training, and business opportunities arising from construction and operation of the project are provided to Kitikmeot Inuit. The IIBA also outlines the special considerations and compensation that Tahera will provide for Inuit regarding traditional, social, and cultural matters, and effects on Inuit water rights.
The completion of the IIBA represents a significant accomplishment on the road to mine development and leads the way for other projects in Nunavut. The Company wishes to acknowledge the cooperation and commitment of the Kitikmeot Inuit Association in completing this agreement and looks forward to continuing its close working relationship with the KIA.
About Tahera Diamond Corporation
Tahera Diamond Corporation (www.tahera.com) is a unique Canadian diamond Company focused on developing its wholly-owned Jericho Diamond Project as CANADA'S NEXT and NUNAVUT'S FIRST DIAMOND MINE. Tahera has several other very prospective diamond projects in Canada's prolific Slave Craton. Tahera is debt free and well financed with over $13 million cash on hand. The common shares of the Company trade on the TSX under the symbol 'TAH'.
Tahera Diamond Corporation
R. Peter Gillin – Chairman and CEO
Grant Ewing – Executive Vice President, Corporate Development
Investor Relations:
Tel: (416) 777-1998 Fax: (416) 777-1898 Toll free: (877) 777-2004
Email: investor_relations@tahera.com
Website: www.tahera.com
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