SUMMARY OF BENEFITS TO-DATE

IBAs have enabled the LKD and its First Nation neighbours to embark on a variety of businesses and joint venturesJoint Venture: commonly, a business to which two or more parties contribute the essential land, capitalCapital: cash, property, equipment, services, and contracts or leases., and services, in return for a share in its ownership and control. (Note: the Joint Venture is very strictly defined under Canadian law.). The tables below summarize the benefits to all four First Nations from the Ekati, Diavik, and Snap Lake agreements. Only a few numbers are specific to the LKD. They show how few of the Diavik and Snap Lake mine jobs (1%) are going to LKD First Nation members.

Contracts with the three mines generated Gross RevenuesGross Revenues: money generated by all of a company's operations, before deductions for expenses, sometimes simply called “the Gross.” of nearly $600 million for northern Aboriginal businesses in 2006 and about the same in 2007. The portion captured by the LKD First Nation is unknown.¹⁶

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* Revenues include a number of possibilities, including compensationCompensation: something (such as money) given or received as payment or reparation (as for a service or loss or injury)., royalties, profit or equityEquity: the dollar value of what a person or organization owns (as opposed to debt, which indicates what a person or organization owes). A person or organization can have an equity interest in something if they have part or full ownership. sharing and/or one time or regular payments. See Module 5.