In August 2011, the Company and Makivik Corporation, on behalf of the Inuit of Nanuvik, and the Nunavik Landholding Corporation of Aupaluk signed a Letter of Intent agreeing to the terms and condition on which Oceanic will develop the Hopes Advance project as well as set a basis on which, when appropriate, an Impact Benefits Agreement should be negotiated.

In September 2011, Makivik Corporation confirmed its support in Oceanic’s submission to the Québec government relating to infrastructure requirements for the Ungava Bay project under the Plan Nord.

Social and Community Considerations

Oceanic's board and management team has made the establishment of positive social and community relations a corporate philosophy and priority.

The Company is focused on :

  • Addressing the needs of local people respecting local culture and tradition
  • Clear communication and support required with employees, consultants and contractors
  • Early stakeholder and government consultation
  • Economic development to improve the living standards of local people including housing and education
  • Emphasising the creation of education and job opportunities for young people in the community
  • Supporting local initiatives to obtain greater support from the provincial and federal governments, using our private sector investment for regional economic development to lever those efforts
  • Highest standards for safety of our employees, contractors and community
  • Taking care of the environment in which we operate and applying the highest standards of environmental management in the areas we operate
  • Developing standards against which future projects across the industry are measured
  • Creating economic activity that is sustainable beyond mining and processing activities