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Strategies & Market Trends : Items affecting stock market picks
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From: russet7/14/2014 5:21:29 PM
   of 8246
 
Post says court ruling means native clarity for Rubicon

2014-07-14 07:50 ET - In the News

The Financial Post reports in its Saturday edition Ontario's natural resource companies welcomed a ruling Friday by the Supreme Court of Canada that confirms provinces have the authority to issue logging, mining and other development permits on aboriginal treaty lands. The Post's Peter Koven and Drew Hasselback write the high court rejected a claim from Grassy Narrows First Nation, which argued Ontario needed Ottawa's approval before issuing a logging permit. The Keewatin decision has immediate implications for mining and resource companies with operations in Ontario. One of those is Rubicon Minerals, which is building the Phoenix gold project in the Red Lake camp. Rubicon is facing opposition from the Waubuskang First Nation, which could have been emboldened if the Supreme Court ruled the other way. The case also has implications for much of Western Canada, where similar language was used in aboriginal treaties that were signed by the "Dominion" government before current-day provincial boundaries were established. The Supreme Court resolved the uncertainty by pointing out that native bands signed treaties that bind the Crown, not a specific level of the Canadian government.
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