Nacho Nyak Dun Development Corporation

Background

Nacho Nyak Dun Development Corporation was established in 1996 under the Business Corporations Act S.Y. (1996). The purpose and mandate of the NNDDC is to develop the economic and employment opportunities of the First Nation of Nacho Nyak Dun and its citizens.  The Development Corporation is governed by Yukon Statue and its shareholders (COUNCIL). The Board of Directors must act in accordance with appropriate legislation and their actions, authority and liability are limited by legislation.

The Board of Directors governs the development corporation and the general manager. The shareholder elects the BOD. The shareholders exercise its power through the unanimous shareholder agreement. And in accordance to the constitution of NND, the BOD has a fiduciary responsibility to the shareholder and the NNDDC to act in the best interest of the corporation. The BOD is obligated to have at least one shareholder meeting per year.

The BOD will be participating in an orientation session and strategic planning for the NNDDC in May, 2010. We will be planning an orientation session with the shareholders in June.

The Development Corporation currently has Joint ventures with;

- PROCON TUNNELING
- ESS CAMP SERVICES
- NTC DC/ARCTIC POWER/VALARD – transmission line Pelly-Stewart
- ALEXCO
- Working on a joint venture with Pelly Construction and Underhill Geomatics
- We are working with Keweit for employment and contracts at the Mayo B project.
- NNDDC completed the joint venture with Pelly Construction/NTC DC/Arctic Power on the first phase of the Carmacks-Pelly-spur line to Minto power line.
- NNDDC maintains the Mayo Big Way Store. And we are looking forward in building a new store in Mayo in the near future. We think the old 1964 store has done its time in our town.
- The restaurant is under new management. We look forward to good food and service from the new management.  The café will go under some upgrades in the near future.
- We have a contract with YTG for the fire suppression crew with four members and back up personnel.
- We have an agreement with Strata Gold and Victoria Gold.
- We also have investments/shares in Black Street Investments in Whitehorse and RAB - Northerm Windows.

Mailing Address:
Ph: 867-456-4340
Albert Peter, Chair

Email: .(JavaScript must be enabled to view this email address)
Website: http://www.nnddc.ca