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Since agreement was reached with traditional owners in 1978, a total of $145.8 million in payments has been made to Aboriginal interests, of which $1.9 million was in up front payments; $3.4 million was in rental payments and $140.5 million was in royalty equivalent payments.
In 1964, the Groote Eylandt Mining Company was given a lease over the island, in exchange for royalty payments to the Church Missionary Society. The first shipments of manganese ore left in 1966, and as of 2015, the mine was producing over 3 million tonnes of manganese a year, [8] over 15% of total world production. The mine was expected to ...
In its report, the Select Committee recommended that the Yirrkala people should be compensated for the loss of their traditional occupancy, by way of (1) land grant; (2) payment of at least the first A$300,000 received in mining royalties; and (3) direct monetary compensation, even though Aboriginal land rights were not expressly recognised ...
In 1964, the Groote Eylandt Mining Company was established and given a lease over the island for royalty payments to the Church Missionary Society. The CMS established the Groote Eylandt Aboriginal Trust Fund on 28 August 1969, where the mining company would pay the royalty money. [12] The population of Angurugu increased to 525 by 1971.
Prince Arthur with the Chiefs of the Six Nations at the Mohawk Chapel, Brantford, 1869. The association between Indigenous peoples in Canada and the Canadian Crown is both statutory and traditional, the treaties being seen by the first peoples both as legal contracts and as perpetual and personal promises by successive reigning kings and queens to protect the welfare of Indigenous peoples ...
Equal representation of Inuit with the government on a new set of wildlife management, resource management and environmental boards; [3] In addition to creating management and advisory groups, and making various financial considerations, the NLCA gave the Inuit of Nunavut title to approximately 350,000 km 2 (140,000 sq mi) of land, of which, 35,257 km 2 (13,613 sq mi) include mineral rights; [3]
The Sahtu Dene and Metis received a tax-free payment of $75 million (1990 dollars) over a 15-year period. They receive a share of annual resource revenues from development in the Mackenzie Valley as per the agreement, including a share in Norman Wells oil and gas royalties.
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.