The Member knows he is asking a question that can't be answered. How can we know what we are losing out on if we don't know what the royalty regime will be in the future? We know that, as an interim, the mines will continue to provide jobs for residents in the Northwest Territories, business opportunities. They will continue to pay their fees and maintain their mineral tender, pay their land, tenure fees, royalties, property taxes, payroll taxes, and corporate taxes, as well as abiding by the socio-economic agreements and the IDAs that they have signed into.
Wally Schumann on Question 92-18(3): Mineral Resources Act
In the Legislative Assembly on February 13th, 2018. See this statement in context.
Question 92-18(3): Mineral Resources Act
Oral Questions
February 12th, 2018
See context to find out what was said next.