Saturday, February 14, 2015

Algonquins Critical of Quebec's Conflict of Interest with High Risk $4 Million Investment in Rare Earths Open Pit Mining Project

'Eagle Village Chief Madeleine Paul stated today, "We already objected to Quebec's first investment of $1 million in Matamec shares last fall and once again without consulting us, Quebec has invested $3 million more in a joint venture with Matamec. We told the Ministers in a face to face meeting on January 15th that this is a conflict-of-interest and only serves to undermine any trust by our Algonquin Peoples that the BAPE process is unbiased since the results go to the Premier and his Cabinet for a decision and they are in a Joint Venture with Matamec now."'

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