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Highbank Resources Ltd V.HBK

Alternate Symbol(s):  HBKRF

Highbank Resources Ltd is engaged in the business of acquisition, exploration, and development of mineral resource properties in Canada. The company's project includes the Swamp Point North project.


TSXV:HBK - Post by User

Bullboard Posts
Post by cinqueporton Dec 14, 2012 10:20am
192 Views
Post# 20730397

Nat Post article..

Nat Post article..

Just in case anyone out there doesn't understand the implications of getting an agreement with the First Nations. Like the one HBK has..

https://business.financialpost.com/2012/12/14/170-legal-victories-empower-first-nations-in-fight-over-resource-development/

From the article:
"The wakeup call: Corporate interests need to accept what the courts already have — that First Nations now hold the balance of power in deciding the fate of Canada’s resource projects because they have rights that others don’t
Canada is orchestrating a big push to accelerate development of its natural resources, but behind the hype there is a shifting and tense legal landscape. First Nations are on a big winning streak in the courts that has empowered them to have a say on projects in big parts of the country.
The tension is pushing corporations to spend huge dollars to keep the peace and move projects along in areas First Nations claim as their traditional lands.
But the approach is piecemeal and there have been few consistently successful strategies. Tension, frustration and confrontation abound. Lawyers, consultants and vested interests fuel and feed off the tension, making it hard to come up with solutions.
Many projects worth billions of dollars have been delayed or sunk altogether.
They include scores of mining, forestry and pipeline projects such as the now-shelved Mackenzie Valley gas pipeline in the Northwest Territories. The Northern Gateway pipeline could be next unless accommodation is found with opposed First Nations in the B.C. interior and on the coast."
Bullboard Posts