In light of the recent decision to put Federal and Provincial money into mining research at the University of Toronto instead of Laurentian, I have posted former Premier David Peterson’s July 30, 1986 historic speech announcing the relocation of MNDM and OGS to Sudbury.

This was one of the most significant economic turning points in the community’s history.

In this speech, Peterson outlines a previous Liberal Government’s entirely different attitude to the sustainable, long-term development of Northern Ontario as well as proudly helping build a global cluster of mining expertise in Sudbury, the richest mining district in North America and among the top ten most strategic in the world.

Honourable David R. Peterson PC, QC

Just over three weeks ago, I was in Sault Ste. Marie with some of my colleagues to announce elements of a northern Ontario economic development strategy this government will carry out over the next few years.

As a first step in this process, we announced a combination of new and accelerated government projects to provide a needed short-term stimulus to that area’s flagging economy.

But we also recognized that the challenges facing the North are related to deeper, more profound changes taking place in the economy. This restructuring is needed to ensure the competitiveness of our resource industries in the international market place.

To better understand and address these longer term, structural changes, we announced in Sault Ste. Marie a number of measures the Government will take.

Read the rest of this entry »