Resolute Celebrates Ground-Breaking MOA with Six First Nations – Memorandum of Agreement Has Resulted in $100M in New Aboriginal Business
Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) and six First Nations Chiefs today held an official signing of a Memorandum of Agreement (MOA) that sets out a framework for negotiating business agreements related to the company's sawmill investments in Northwestern Ontario. In attendance at the signing, hosted by Resolute, were Chief Mainville of Couchiching First Nation, Chief Klyne of Seine River First Nation, Chief Windego of Nigigoonsiminikaaning First Nation, Chief Henderson of Mitaanjigamiing First Nation, Chief Jordan of Lac La Croix First Nation and Chief White Cloud of Lac des Milles Lacs First Nation, as well as the Honourable Bill Mauro, MPP for Thunder Bay-Atikokan and Minister of Natural Resources and Forestry. "Already, this initiative has resulted in $100 million in new business for our six First Nations MOA partners," stated Richard Garneau, president and chief executive officer. "This agreement underscores the commitment of both Resolute and its operating communities to work together to create jobs and economic opportunity for Northwestern Ontarians."