Overview of Inuit Owned Lands (IOL)
The Nunavut Agreement gave the Inuit title to lands measuring about 350,000 square kilometres (of the total area of Nunavut of 1.9 million square kilometres), of which about 35,000 square kilometres include mineral rights. These lands are collectively known as ‘Inuit Owned Lands’ or IOL, and make Nunavut Inuit one of the largest private landowners in the world.
Much of this privately-owned land is in areas with high potential for mineral development. This land is a significant opportunity for Inuit if it is managed properly. The KIA, as a Designated Inuit Organization (DIO) under the Nunavut Agreement, seeks to optimize opportunities and manage liabilities that are inherent with being a private landowner.