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INFORMATION

 The LIDC is 100% owned by the Labrador Inuit Association (LIA), and the four members of the LIA Executive are the LIDC shareholders.  The LIDC Board of Directors are appointed by the LIA shareholders.

 The LIDC currently oversees seven on-going Projects/Business Units, including the following:

PiKalujak Fisheries Limited (PIK)

PiKaluiak Fisheries Limited, which is 50% owned by the LIDC, is involved in the shrimp fishers throughout eastern Canada in the area off Labrador, and employs ten full time employees.

Pan Arctic Inuit Logistics (PAIL)

 The Pan Arctic Inuit Logistics (PAIL) is involved in the operation and maintenance of the North Warning Radar System throughout northern Canada and is 19% owned by the LIDC.  The Labrador Inuit Association (LIA) have had 27 members complete various training positions, of which 12 remain employed by PAIL and 15 have moved to other employment outside of PAIL.

Torngait Services Inc.

 Torngait Services Inc. (TSI), a Labrador based and Newfoundland registered company, is the operating arm of a Limited Partnership between the Labrador Inuit Development Corporation (LIDC) of Labrador and ATCO Frontec of Calgary, Alberta.  TSI's mandate is the provision of logistics and support services to the Labrador Inuit Association (LIA) and affiliates, as well as to mining and exploration companies pursuing opportunities in the minerals discovery area of Labrador.  Additional services and capabilities available through TSI are project management, operations and maintenance services, expediting services, camp site preparation, remote camp installations, transportation charters (sea lift and air), civil construction (roads, runways, etc), cross cultural training, technology transfer and technical training, explosives sales and marketing, utility pole treatment and maintenance, employment sourcing and travel management.

 Nunak Inc.

 Nunak Inc. represents the Real Estate business section of the LIDC, which currently owns and leases office space in the coastal communities of Nain, Makkovik and Happy Valley-Goose Bay, Labrador, with annual revenues of $500K, and planned expansion of the real estate market into other areas of Labrador.

Torngait Ujaganniavingit Corporation (TUC)

 Torngait Ujaganniavingit Corporation (TUC) is involved in the production of dimension stone, is 100% owned by LIDC, with revenues in excess of $2.3 million, and assets valued in excess of $5 million.  TUC was set up in 1990 and commenced dimension stone production at its Ten Mile Bay Quarry in 1994.  The 10 Mile Bay quarry itself is now entering what will be its 8th full year of operation.  During the 1994 operating year, more than 500 cubic meters of trimmed, saleable block was produced, and since then, production has steadily increased to its current production rate of 1000m³ per operation year. Work crews and supervisors are well trained and experienced by virtue of the past 8 years of quarry development and operation and, during that time, practical experience has also been developed in equipment procurement, equipment life cycle maintenance and logistics. The extracted raw stone is shipped to plants in Italy for refining/processing, and is then sold to various markets all over the world.  The on-going growth and success of the 10 Mile Bay Quarry has evolved into the development of 3 separate support Business Units:

Tunnet Inc.

 The LIDC is the majority owner of Tunnett Inc., a North American marketing company headquartered in Halifax, Nova Scotia, Canada.  The mandate of this company is to market the various TUC supplied dimension stones in the market area serviced by the North America Free Trade Agreement.

 Hopedale Stone Processing Plant

 The LIDC is currently constructing a 4,000 sq. ft. stone processing plant in the town of Hopedale, Labrador.  The plant will use waste rock from the 10 Mile Bay Quarry to process stone slabs for the furniture market.  The plant will employee 8 to 10 employees on a seasonal basis.