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Natural Resources committee Well, certainly—
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee Go ahead.
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee Thanks for the question. From a Cameco perspective, just to give you an example, from 2004 to 2010 we procured 75% of all the services required at our mine sites from aboriginal-owned or majority aboriginal-owned companies, which equals about $1.7 billion in that six-year period
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee Yes, we have had water inflow issues during the last few years. That has been sorted out, and we're scheduled to enter into production some time in the mid-to-latter part of 2013.
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee With respect to the one in two, at our mine sites, 50% of our employees are northern first nation and/or Métis people. They are spread out over the different types of positions you see listed there. Unfortunately, the challenge for us going forward, and for the communities, is
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee To add to that, certainly we are investing in other areas of the world, but we are also still heavily investing in northern Saskatchewan. Both of our companies are very well represented in the Athabasca Basin, and we're probably the biggest spenders in that area. In no way are
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee No, we work very closely with AREVA in northern Saskatchewan and with some of the other mining companies. You have to take a bit of an economy-of-scale approach to leverage some of the training opportunities.
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee The program was a four-year program. It wraps up in March 2012. There is no other program out of ASEP, because ASEP itself is being wound down. The federal government is looking at introducing some other initiatives. One is targeted at mining, education, and training, so we are g
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee I'll condense the twenty minutes into two. I grew up in northern Saskatchewan in a community called Pelican Narrows. My family were fishermen and trappers. That was the primary mode of employment and socio-economic activity. There wasn't a lot of mining. There was some in the v
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee I'll take that question. We're actually one of the uranium companies--
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee I'm sorry. Go ahead.
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee Let me add that in northern Saskatchewan, through various panel hearings in the 1990s, the government, northern residents, and the uranium mining companies set a best efforts target at 67%. We're at 50% currently and have been sustaining 50% for the last number of years. But sin
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee The mining companies in northern Saskatchewan, with the government and the northern community, said of the workforce at the mine sites that we would strive and make best efforts to achieve a 67% employment rate of northerners. That's one fact. The second fact is that we are at 5
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee I'm sorry. I misunderstood your equity question. I thought you meant it from an employment participation perspective.
October 31st, 2011Committee meeting
Gary Merasty
Natural Resources committee Right. At the current time, the opportunity that we pursue with the communities, based on the communities' direction, is to help build businesses within those communities to provide services to the mine sites, which in the last six years have provided $1.7 billion in gross reve
October 31st, 2011Committee meeting
Gary Merasty