Benefits Summary

The development of the Michelin Project must offer meaningful benefits to community members. And that means providing opportunities for jobs, developing careers, growing current businesses and building new ones.

To help us better describe these opportunities and talk with community members about them, Aurora hired Strategic Concepts, Inc. and Wade Locke Economic Consulting to prepare an Economic Benefits Study for the Michelin Project.* The study uses what we know about the Project today to describe the number of jobs, amount of income and tax revenue expected to be created during construction, operation and decommissioning of the Project – a 22-year span.

Michelin Project phases, based on preliminary economic assessment

A summary of the study results, broken down by benefit category and region, is shown in the table below:

These benefits are reflected in:

• Direct employment and income benefits - approximately 700 jobs over the three-year construction period and 400 jobs during the operation of the mine and mill. These are individuals directly employed by Aurora and working at site.
• Indirect impacts of income and employment come from materials, services, and equipment purchased for the Project during its operating and construction phases.
• Induced employment and income impacts occur in the services sector as direct and indirect incomes get spent throughout the economy.
• Tax revenue is collected by governments from income and mining taxes.

But the Michelin Project would provide more than just jobs and business opportunities.  It would offer long-term careers, transferrable skills, and valuable work experience in a growing industry. It would also help build a stronger economy in Nunatsiavut and open opportunities for regional economic diversification.