Two Nunavut Inuit associations advising on sale of Baffinland Iron Mines

By William Koblensky Varela, Local Journalism Initiative Reporter, Nunavut News Nunavut Tunngavik Inc. and the Qikiqtani Inuit Association will receive advisory fees for their participation in the sale of Baffinland Iron Mines, an Ontario Superior Court document dated Oct. 23 confirms. A participation agreement was signed by the two Inuit organizations on the condition that it remain confidential, the document states. “The participation agreement contains a confidentiality clause and was agreed to by the QIA and NTI on grounds that this agreement would be kept confidential and not form part of the public record,” the court document reads. Exactly how NTI and QIA will participate is confidential, in part due to the agreement containing “commercially sensitive information.” How much in advisory fees the Inuit organizations receive will also not be…

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