30th August 2008

Modernizing Ontario’s Mining Act (2 of 6)

Ontario, the largest mineral producer in Canada, is modernizing its Mining Act. These six postings are from a provincial policy document – titled “Modernizing Ontario’s Mining Act – Finding A Balance” produced by the Ministry of Northern Development and Mines.

Overview of Ontario’s Mining Industry

The mineral sector is the largest private sector employer of Aboriginal workers in Canada.

Ontario is Canada’s largest producer of minerals, accounting for 28 per cent of the national total in 2007, at an approximate value of $10.7 billion. Exploration spending in Ontario has risen fourfold from $120 million in 2002 to $500 million in 2007. In 2008 that figure is expected to exceed $625 million.

Ontario is a leading producer in a number of base and precious metals. The province ranks among the top 10 global producers of platinum, nickel and cobalt and among the top 20 global producers of gold, silver, copper and zinc. Currently, there are 43 producing mines across Ontario: 28 metal mines; 14 major industrial mineral operations and Ontario’s first diamond mine.

The mining sector employs 100,000 Ontarians directly and indirectly. The average weekly earnings of the mining sector are 50 per cent higher than any of Ontario’s other industrial sectors. Mining companies inject approximately $1 billion annually into the Ontario economy and support over 1,000 local businesses.

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30th August 2008

Modernizing Ontario’s Mining Act – Minister Michael Gravelle’s Message (1 of 6)

Honourable Michael Gravelle - Ontario Minister of Northern Development and Mines
Honourable Michael Gravelle - Ontario Minister of Northern Development and Mines
Ontario, the largest mineral producer in Canada, is modernizing its Mining Act. The following six postings are from a provincial policy document – titled “Modernizing Ontario’s Mining Act – Finding A Balance” produced by the Ontario Ministry of Northern Development and Mines.

Ontarians share a fundamental value – a deep and profound love for the natural wonders of this province.

The natural world of trees and rocks and water and wildlife has built our economy into one of the strongest in the world. Since earliest times, it has inspired our art and shaped our character as a people. It sustains us and lies at the core of our self-image.

Whether we are urbanites who relish our annual canoe trips with the kids; Cree hunters awaiting the return of the geese to Hanna Bay; lone prospectors plying their craft in the winter wilderness; cottagers enjoying the sunset at the lake; or small-towners sneaking out at lunch to dip a line in a local stream – whoever we are and whatever we do, we all love this place.

In a sense, we Ontarians are all people of the land. It is natural, then, that the land – and the uses we put it to – should spark strong feelings. Sometimes we find ourselves at odds with each other. Occasionally, these differences lead to conflicts.

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30th August 2008

Alaska Votes for Gold, Not Fishing – by Marilyn Scales

Marilyn Scales - Canadian Mining Journal
Marilyn Scales - Canadian Mining Journal
Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication.

This week the voters of Alaska were asked to decide whether or not they favour prohibitive clean water regulations for new mines in that state. Ballot Measure 4 was aimed specifically at stopping Vancouver’s NORTHERN DYNASTY MINERALS (50%) and South Africa’s ANGLO AMERICAN from completing the Pebble gold mine.

The potential of the Pebble deposit is huge. The property is believed to contain 91.6 billion lb of copper, 84.6 million oz of gold and 5.5 billion lb of molybdenum in the inferred resource category. What concerns opponents is that the deposit is located near the headwaters of Bristol Bay, one of the world’s greatest salmon runs. The sport and commercial fisheries would be crippled if the salmon habitat were damaged.

The initiative was brought by a Washington, D.C.-based lobbying group. Alaska allows legislature to be initiated by voters as well as the state legislature. While Measure 4 did not mention Pebble by name, the target was obvious. Passing it would have effectively delayed or stopped other mine developments, for example, the Donlin Creek gold project belonging to BARRICK GOLD and NOVAGOLD RESOURCES. TECK COMINCO’s planned expansion of its Red Dog zinc mine might have been delayed.

In case the reader has not quite guessed yet, the measure was defeated on Aug. 26. The outcome was not as close as predicted. Almost 57% of voters were opposed and only 34% in favour. That is a result we applaud because we know the mining industry is mindful of local flora and fauna and does all it can to mitigate potential harmful effects. The Hope Brook gold mine that operated from 1987 to 1997 on the southwest coast of Newfoundland was located in a salmon habitat. The fish survived nicely, in fact mine workers were forbidden from fishing or even bringing fishing gear to the site.

Canada does not allow its voters to initiate legislation, and perhaps that is a good thing. Imagine heavily populated Toronto swaying a vote against expansion at XSTRATA COPPER’s Kidd mine or against development of DE BEERS CANADA’s Victor diamond mine. Suppose the residents of Canada’s southern cities said “no” to AGNICO-EAGLE’s Meadowbank gold mine in Nunavut. On the other hand, if voters in Indonesia had stepped in to stop exploration at the Busang project, the entire BRE-X fiasco might have been prevented.

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30th August 2008

Looking Through Stone – Poems About the Earth – by Susan Ioannou

Poet Susan Ioannou
Poet Susan Ioannou
Excerpt from Susan Ioannou’s book of poetry Looking Through Stone – Poems About the Earth. If you would like to order Susan Ioannou’s book of poetry, go to Your Scrivener Press

GEOLOGIST

He bids on the obscure: a speck
inching across kilometres of scrub  
to map and pick samples out of sediments,  
or cragged above evergreens, unseen
balancing a magnetometer
to listen to rocks.

He is a gambler:
under snake bellies,
between goat hooves
he trusts silver and zinc are waiting
and surfaces like scooped cream
sprout opals,
or powdered from sunshine are sulphur,
or gritty with Mediterranean blue
hold copper.

Also, he is wary: what glitters
may be the dream
—of fools.
Grade must be tested.
What grams to the tonne?
Where too angled, too deep?

A gambler bets
against absolutes.
How much should he dare
to open the Earth
to pick at her secrets
hundreds of metres down?

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30th August 2008

Timmins – the Legendary Porcupine – has a Golden Prosperous Future – by Gregory Reynolds

Gregory Reynolds - Timmins Columnist
Gregory Reynolds - Timmins Columnist
The world-wide boom in commodities has seen profits for Canadian mining companies soar and shareholders are loving it.

Buried in the good news is an interesting development that may prove beneficial to mining companies and the communities dependent upon them even after base and precious metal prices hit the bottom of the present cycle.

Flush with profits, mining companies are taking intense and expensive looks at former producers in Ontario’s historic mineral camps. What this is doing in the short term is putting pressure on the exploration sector as companies turn back to Red Lake, Kirkland Lake, Sudbury and Timmins while coping with a shortage of workers.

Still, it is good for the local economies and contains the promise of a bright future if mineable ore can be found in closed workings.

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