VANCOUVER – ATCO Structures & Logistics has signed a joint-venture agreement with an Inuit organization’s development arm.
ATCO (TSX:ACO.X) will work with Sakku Investments Corp. on resource development and infrastructure construction in the Kivalliq region of Nunavut.
The partners have created a new company called Sakku ATCO Buildings and Services.
Sakku is a for-profit organization that’s owned by the Kivalliq Inuit Association.
“ATCO’s partnership with Sakku is a tremendous opportunity for both companies,” said Boris Rassin, executive vice-president, business development, for ATCO Structures & Logistics.
“Together we will offer economical infrastructure solutions to the companies developing Canada’s North while working to create long-term business and employment opportunities for the Inuit people.”
Sakku president and CEO Patrick Tagoona said Inuit people must see the benefits of mining activity on their territory.
“Our partnership with ATCO, which has more than 60 years experience in the construction and operation of workforce camps, will provide Sakku with an opportunity to share in the wealth of our land while providing necessary services to the mining industry.”
ATCO Structures & Logistics offers modular buildings and other services worldwide. It is part of the ATCO Group of Companies, a conglomerate with more than 8,000 employees that’s active in utilities and energy, among other industries.
Local news from metronews.ca/vancouver
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