MONTREAL, Jan. 30, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC), in partnership with Cementation Canada Inc., the Morris Group Limited, Flying Post First Nation, Lac Seul First Nation, Mattagami First Nation and Wahgoshig First Nation, today announced the signing of a Memorandum of Understanding (MOU) regarding the intent to capitalize the First Nations Mining Corporation (FNMC).
FNMC will form joint venture partnerships with local Aboriginal communities to promote, develop and carry out engineering, construction, environmental and other services for mining companies in Ontario throughout the project life cycle. FNMC will also work to strengthen ties between Aboriginal communities and mining companies in order to facilitate the training and hiring of Aboriginals and the procurement of goods and services from Aboriginal suppliers.
"We are very pleased with this new partnership, which is a solid model for sustainable development in First Nations communities," said Stephen Lindley, Vice-President, Aboriginal and Northern Affairs, SNC-Lavalin Group Inc. "Our partners have worked diligently with Aboriginal leadership, companies and organizations across Canada to create business opportunities which contribute to sustainable social and economic development throughout Ontario's Aboriginal communities. Through strategic alliances and partnering, we will ensure we meet these goals while also providing top-tier services to the mining industry."
"Cementation Canada has been actively working with many local First Nations communities across Northern Ontario and we are pleased to be part of FNMC," said Eric Kohtakangas, Vice-President, Operations, Cementation Canada Inc. "We believe the FNMC platform will allow us to continue to provide training and employment opportunities to our First Nations partners, while delivering successful projects to our valued clients."
"The Morris Group has deep-rooted First Nations relationships and is honoured to be part of FNMC, as it will provide further opportunities to support First Nations communities in deriving real and lasting benefits through their involvement in mining projects," said John Pollesel, CEO, Morris Group.
FNMC will be focused on helping First Nations communities enhance their understanding of the mining industry, identify opportunities, build capacity and develop their own First Nations companies to support mining projects. FNMC will also facilitate Aboriginal employment by developing programs to provide training, certification and upgrade skills. With this agreement, FNMC will offer a competitive Aboriginal-owned alternative for the design, construction and operation of mining projects, while helping mining companies obtain social licenses to operate throughout the province.
SNC-Lavalin is one of the leading engineering and construction groups in the world, and is a major player in the ownership of infrastructure and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently active in some 100 countries. www.snclavalin.com
For further information:
Lilly Nguyen Public Relations Manager, Global Corporate
SNC-Lavalin Group Inc.
514-393-8000, ext. 54772
Denis Jasmin Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-393-8000, ext. 57553