March 3, 2011 – Republic of Mining

2011 ACTION PLAN FOR ONTARIO MINING: TAKING ADVANTAGE OF A CRITICAL WINDOW OF OPPORTUNITY – Ontario Mining Association (OMA) Policy Paper

March 3, 2011

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

2011 Ontario Mining Association (OMA) Policy Paper

“China needs to build three cities larger than Sydney (or Toronto)
every year until 2030 to accommodate rural to urban migration.”
(Rio Tinto Presentation)

Ontario has been blessed with an abundance of natural resources, including untold mineral potential. For more than a century, word-class mineral discoveries in this province have brought development and prosperity, along with scientific and technological advances, enabling Ontario’s economy to evolve through innovation. From the earliest times, mining spurred on infrastructure development, enabled more equitable regional development and sustained a variety of support industries. These industries include obvious ones like manufacturing, but also perhaps some unexpected ones like education and financial services.

Today, mining continues to be an economic pillar of Ontario. It is well positioned to grow its contribution to our economy. Though the number fluctuates with various commodity price changes, mining in Ontario had revenues of $6.3 billion in 2009 (down by about 30% due to the global economic downturn). The industry provides a major boost to our financial sector, with the Toronto Stock Exchange (TSX) currently being the leading global mining exchange, listing 57% of the world’s public mining companies and raising more mining equity capital than any other exchange.

Historically, Ontario has taken advantage of spikes that occurred as a result of US industrialization, the post-Second World War rebuilding of Europe and the industrialization of Japan. We find ourselves in another of these defining moments of immense opportunity. Large nations such as China, India and Brazil are experiencing mass urbanization and rapid development. These nations are determined to narrow the gap between Western and developing nation lifestyles. To do that mineral products are essential.

Matawa First Nations appoints Ring of Fire Coordinator – by Ian Ross

March 3, 2011

Established in 1980, Northern Ontario Business provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North. Ian Ross is the editor of Northern Ontario Business ianross@nob.on.ca and this article is from a March 2, 2011 website posting.

Building from the ground up

Raymond Ferris hit the ground running in his new job. He had barely settled into his chair as the new Matawa First Nations Ring of Fire Coordinator in late January when Marten Falls First Nation threatened to block all mineral exploration in the Ring of Fire until the mining companies signed memorandums of understanding and exploration agreements.

Within days, Cleveland-based mining giant Cliffs Natural Resources released the project description of its Black Thor chromite deposit in the James Bay Lowlands and its ambitious plans to start production by 2015.

But it’s nothing new for the 54-year-old Ferris, who is well-versed in Aboriginal and treaty rights as a former deputy grand chief for Nishnawbe Aski Nation, where he handled the mining and natural resources file.

As a former chief of Constance Lake First Nation, Ferris participated in a few blockades in his home community against mining and forestry companies. The concessations that were gained helped secure Aboriginal roadbuilding jobs and lead to the creation of a band-owned logging company.

NEWS RELEASE : Survey shows global mining industry optimistic towards new investment while Australia recovers in global rankings

March 3, 2011

The Fraser Institute is a conservative think tank based in Canada that espouses free market principles. Its stated mandate is to advocate for freedom and competitive markets. – (Wiki). Click here for: The Fraser Institute’s Survey of Mining Companies.

March 3, 2011

TORONTO, CANADA–The worldwide economic turnaround has created optimism in the mining sector, with the global mining industry primed for new exploration and investment in 2011, according to the Survey of Mining Companies 2010/2011, released today by the Fraser Institute, Canada’s leading public policy think-tank.

More than three quarters of survey respondents said they expected to increase their exploration budgets in 2011, as detailed in the annual global survey of the world’s best places for mineral exploration and development.

The survey also shows that Australia has regained the confidence of the mining industry after taking a hard hit in the special Survey of Mining Companies: 2010 Mid-Year Update, following the Australian government’s plan to impose a heavy Resources Super Profits Tax (RSPT) on the mining industry.

“The Australian government has since announced it would back away from the proposed tax, earning a positive reaction and improved rankings from the global mining industry,” said Fred McMahon, coordinator of the survey and the Institute’s vice-president of international policy research.