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Impact and benefits agreement (An Impact and Benefit Agreement (IBA) is a formal contract outlining the impacts of the project, the commitment and responsibilities of both parties, and how the associated Aboriginal community will share in benefits of the operation through employment and economic development. Mining companies negotiate impact and benefit agreements (IBA) in order to secure access to minerals on or near land claimed by Aboriginal communities through potential or established aboriginal or treaty rights. Tatiana Okunskaya) |
