Abstract
In 2017, The business development arms of the Innu and Inuit governments in Labrador (Innu Development Limited Partnership - IDLP, and Nunatsiavut Group of Companies - NGC) joined forced with the Canadian mining vehicle manufacturer MacLean Engineering to establish a joint venture to sell and support specialized mobile mining equipment at Vale's Voisey’s Bay project in Newfoundland & Labrador. The Innu-Inuit MacLean Limited Partnership is now the platform upon which all three partners will create mutual benefits from being part of the supply chain that will support the success of Vale's generational mine on the remote coast of northern Labrador.
This collaboration of First Nation and Inuit landowners with an original equipment manufacturer (OEM) is an example to the mining world of how Indigenous joint ventures can be set up and operated for long-term success. Trust, respect, and transparency are the necessary pillars to generating financial returns during the life of the mine, as well as transferable skills development opportunities that can extend beyond the life of the project.
This co-presentation will cover lessons learned from the multiple steps required to establish and then operate a functional, successful joint business venture that takes a generational supplier partnership view of a generational mining project.
MacLean will co-present with a representative from each of the JV organizations that form the Innu-Inuit MacLean Limited Partnership.