Two First Nations work together with Transport Company to buy BC Port Terminal

The Stewart Bulk Terminal in British Columbia has found new owners in a joint partnership between the Nisga’a and Tahltan First Nations and Arrow Transportation Systems. This historic deal, which is set to close in the coming months, marks the first time that a majority Indigenous-owned port in British Columbia.

The primary focus of this partnership is to support the critical mineral industry in Canada. The terminal is strategically located to transport copper concentrate from sources such as Brucejack from Newmont and Red Chris Mines in Nisga’a and Tahltan territories. This move is not just about acquiring a port, but about economic sovereignty, reconciliation, and ensuring that the wealth generated from these territories benefits the Indigenous communities directly.

The partnership aims to expand the facility and create more opportunities for Indigenous communities and residents in northwest British Columbia. The deal has been praised for its potential to stimulate economic growth, self-determination, and economic reconciliation. The province has provided a $5 million subsidy to support the purchase of the terminal.

The terminal is seen as a crucial piece of infrastructure for sending critical minerals to Asia, with significant trade potential with countries such as Japan, Korea, China, and India. This strategic location allows for faster and more cost-effective transportation of these minerals to Asian markets.

The collaboration between the Nisga’a Nation, Tahltan Nation Development Limited Partnership, and Arrow Transportation has created a new entity called the Portland Canal Holdings Limited Partnership. This partnership not only acquires the terminal but also consolidates two regional trucking activities, creating an integrated supply chain.

Overall, this partnership represents a significant step towards economic empowerment for Indigenous communities and sets a precedent for future collaborations in the region. It highlights the potential for economic growth in British Columbia and beyond, showcasing the importance of working with Indigenous communities as equal stakeholders in economic development.