Native Business Development Magazine

Page 35

West Moberly to findTreasure withBlack Diamond West Moberly Chief Roland Willson acknowledges this, saying, “Recently, there has been a lot of outside interest in our area.� The Black Diamond corporation runs three divisions that support companies producing or developing natural resources. The first division, BOXX Modula provides modular offices, storage and construction trailers. The second division, Black Diamond Energy Services supplies oilfield equipment while Black Diamond Camps provide workforce accommodation in remote areas. Haynes says the agreement provides for an equal partnership between his company and West Moberly. There is potential for training and work with all three divisions, but he says the first opportunities for West Moberly will probably materialize with the Energy Services division.

FN LENDER TARGETS OIL & GAS continued

balance sheet and level of loans during the recession. Rollingson attributes that success to IBC’s loan portfolio diversity, “We do oil and gas, but also convenience stores, agricultures, equipment loans. It is a combination of so many things that had us coming through the recession. A number of the businesses we loan to are quite complicated.� IBC has offices in Lethbridge, Calgary and Edmonton to serve the entire province and its 180 current clients. Under the direction of its Trustees, IBC is looking to increase annual lending to $5 million per year in the next few years. “As a lender we are self sustaining. It can be tough, but you manage your cash flow and at the same time meet the demand for loans. Growth many not happen overnight, but we have managed to get this far.� Photo contributed

Haynes stresses, “The agreement says that preference will be given to First Nations support or ancillary services.� The deal is a 50/50 partnership, which should provide employment or contract work for West Moberly band members and revenue income for the band. At this point the details of what work will be created is still being decided. Says Haynes, “It’s a little bit early yet. We just formalized the agreement a few weeks ago.� Willson is optimistic however, saying, “We are confident Black Diamond shares our vision of solidifying the region’s economic wellbeing while creating meaningful opportunities for the local families. I am certain this partnership will be beneficial for years to come.�

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Another band, the West Moberly First Nations of northeastern B.C., has committed to a partnership with a services provider for resource extraction companies. The small band, with a population of only 200, is working with the Black Diamond Group. Black Diamond’s CEO, Trevor Haynes, says, “Our goal is to contribute to the skills development and training for those living in the area, connect their youth to greater opportunities, and develop the local infrastructure and capacity.� This part of British Columbia has a plentitude of natural resources, from copper and gold to hydro electricity and shale natural gas, all of which are attracting miners and investors. Haynes notes, “In terms of the territory we cover it’s about 10%, but in terms of potential business it’s quite high.�

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NATIVE BUSINESS DEVELOPMENT MAGAZINE • DECEMBER 2010 35

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