Providing financial security for future generations
The duty to consult, together with keystone jurisprudence, has had a major impact on natural resource proponents and Aboriginal communities. Impact and Benefit Agreement (IBA) standards are continually evolving and best monitored and understood by qualified experts active in IBA advisory services. These resources ensure that a fair and equitable agreement can be reached between both parties. Our approach to IBA negotiations is tailored to the community’s needs and in line with currently evolving industry standards. Ultimately, this helps our clients and their future generations.
Our team, our values
Because we believe in maintaining successful and loyal relationships with our Aboriginal clients, we never represent natural resource companies. We approach all of our mandates with independence and objectivity, while adhering to the highest professional standards. At Richter, we understand the needs and concerns of our Aboriginal/First Nation clients. Our team has over 15 years of experience representing and assisting Aboriginal communities with their natural resource project negotiations.
- Impact and benefit negotiations: From the initial meeting to the signing of the agreement, our professionals act as key members of a community’s negotiation team. Drawing from dozens of successful IBA negotiations, we have in depth knowledge of provincial and national standards. As part of the negotiation team, we advise our client on all issues related to fixed and variable participation payments and present them to the natural resource project’s management.
- Financial modelling: The basis of any IBA is founded upon the cash flow projections of the natural resource project. We review the projections, present our assessment of the project’s profitability and calculate a fair and industry standard participation amount for the community. We advise our client on the various methods of calculating the participation structure and ensure that no unreasonable burden is placed on the project, ensuring that a mutually beneficial agreement can be reached for all parties involved.
- Contracting and labor negotiations: As construction begins on the natural resource project, many opportunities for employment and contracting arise. It’s vital that the local communities benefit from this economic stimulant and that their involvement is documented within the IBA. We assist our clients in analyzing their local labor pool and in maximizing their contracting and employment opportunities within each project.