Wed. Feb 28th, 2024

ITUM receives $17.6M in mining royalties in 2023-2024

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The director of the Administration and Finance sector of Uashat mak Mani-utenam, Annick Lelièvre (left), and the councilor of the Uashat mak Mani-utenam band council, Rose-Anne Grégoire, participated Wednesday in the evening presentation of the community's finances.

  • Charles-Étienne Drouin (View profile)Charles-Étienne Drouin

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The Innu Takuaikan Uashat mak Mani-utenam (ITUM) band council says it received just over $17.6 million in mining royalties for the year 2022-2023.

This is what he revealed Wednesday evening during a presentation of the council's finances to the population.

The Innu community specifies having received during this period approximately $7.5 million from ArcelorMittal, approximately $250,000 from Tata Steel Canada, more than five million dollars from Ore de fer Québec (MFQ) and more than 2.5 million dollars from Rio Tinto.

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This painting was presented Wednesday evening by the community of Uashat mak Mani-utenam. Mining royalties in 2022-2023 are similar to the previous two years.

The sums collected from mining royalties are used in particular to finance the construction of houses in Uashat mak Mani-utenam.

They also serve to contribute approximately $2.1 million to the coffers of the Matimekush-Lac John community and a Generations Fund.

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During the presentation of his finances at the Shaputuan museum, someone also played the teueikan, this Innu drum which promotes good hunting.

The advisor of the Uashat mak Mani-utenam band council, Rose-Anne Grégoire, opens the door for the community to receive more mining royalties in the coming years.

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It is certain that for mining royalties, we will have to do a gathering, she underlines.

To do this, she believes that the Innu of her community must use the royalties for certain purposes, notably community .

I am happy with the financial results. We will continue [in the right direction].

A quote from Rose-Anne Grégoire, councilor of the Uashat Mak Mani-utenam band council

Uashat mak Mani-utenam council forecasts spending of just over $175 million for the 2023-2024 year.

This represents an increase of more than $17 million from 2022-23, when spending totaled approximately $158 million.

The increase is even greater when compared to 2021-22 spending, which totaled nearly $131 million.

According to the director of the Administration and Finance sector of Uashat mak Mani-utenam, Annick Lelièvre, the increases in recent years are largely due to construction and infrastructure costs.

For example, in 2022-2023, the building of the drinking water and wastewater treatment plant in Mani-utenam was built. These are very large expenses for this renovation, she indicates.

The next presentation of the community's finances must take place next September.

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