John Cumming MSc (Geology) is the editor of the Northern Miner, Canada’s global mining newspaper.  jcumming@northernminer.com

The week ended July 19, the 29th trading week of 2008, kicked off with a surprise announcement by the Ontario government that it would “protect” at least 225,000 sq. km, or roughly half of the province’s boreal forest.

The scope of the proposal is broad. It includes: banning economic activity within at least half the province’s boreal forest; holding meetings across the province with every conceivable stakeholder to come up with new land-use plans; giving local aboriginal communities veto power over proposed economic activities; revamping the way resource businesses are taxed, including more taxes going to local aboriginal communities; and building up bureaucracies to create and implement land-use plans.

The government also restated its intention to rewrite the province’s mining act before 2010, including changing the process for staking and exploration. It starts reviewing the act this August.

Given that you can’t trust anything Premier “I-won’t-cut-your-taxes-but- I-won’t-raise-them-either” McGuinty says, and that his professed environmentalism is driven by pure political expediency, figuring out what this latest proposal means for miners in Ontario is tricky.

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This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.

Ontario Mining Association member Xstrata Copper has announced a new $121 million investment to deepen and extend the projected operating life of the Kidd Mine in Timmins.  This investment will not only have a positive impact on the company´s future but also on the fortunes of its employees, suppliers and contactors, Timmins, Northern Ontario and the economy of the entire province. 

The Kidd Mine is the deepest base metal mine in the world.  This new project will expand the copper-zinc orebody´s mining zone from 9,100 feet below surface to 9,500 feet and extend the mine life to 2017.  This zone is estimated to contain 3.4 million tonnes of ore with a grade of 1.48% copper, 6.22% zinc and 80 grams of silver per tonne.

“The investment approval reflects Xstrata Copper´s commitment to the sustainability of Kidd Mine and the Timmins community and its business strategy to continually implement improvements to enhance the value of its operations,” said Claude Ferron, Chief Operating Officer for Xstrata Copper Canada.  Read the rest of this entry »