Impact and Charitable Agreements (IBAs) are typical when a major project is proposed for the development of a First Nation`s “traditional lands.” Traditional lands are the ancestral countries of the First Nation over which they have Aboriginal rights. Mining projects, for example, have the potential to have a social, cultural and environmental impact on traditional lands and local communities. Given that it is traditional countries that will be affected, it is right that neighbouring First Nations have the opportunity to recognize the benefits of such developments. Thus, the negotiation of IBAs has become a common step for Canadian mining companies that want to open mines on traditional lands.  Note that this list is not exhaustive or exhaustive for all types of employment and against any provision that may be part of an IBA. For more details on employment and contract provisions, see Ginger Gibson and Ciaran O`Faircheallaigh (2011), IBA Community Toolkit: Negotiation and implementation of impact and benefit agreements, published by the Walter and Duncan Gordon Foundation. Access to www.ibacommunitytoolkit.ca. These resource development projects have the potential to create new opportunities for social and economic development for Aboriginal communities. Supporting the Aboriginal communities concerned for the planned developments and promoting their meaningful participation in these projects will be an important element in achieving these potential benefits. IBAs are formal and written agreements between businesses and First Nations that help address the anticipated effects of industrial development and ensure economic benefits for neighbouring communities affected by this development. At the federal level, legislation in Nunavut, the offshore region, and parts of the Northwest Territories requires oil and gas proponents to develop performance plans that maximize employment and business opportunities for Northerners.17 Impact and Charitable Agreements (IBAs) are typical when a major project is proposed for the development of traditional lands. IBAs are formal and written agreements that help address the anticipated effects of industrial development on traditional lands and ensure economic benefits for neighbouring indigenous communities affected by this development.
Vale has successfully negotiated IBAs with nunatsiavut Government and Innu Nation, which leads to a mutually beneficial relationship, in which benefits to Innu and Labrador Inuit are maximized and negative outcomes minimized. . . .