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Day: March 21, 2011

NEWS RELEASE: Natural Resources Canada News – Government of Canada Strengthens Commitment to Mineral Exploration

March 7, 2011

TORONTO — Canada’s world-leading exploration and mining industry, an important source of employment and an economic driver for the country, will benefit from a new federal investment in mineral exploration geoscience.

Speaking at the annual Prospectors and Developers Association of Canada conference, the Honourable Christian Paradis, Minister of Natural Resources, today announced the third renewal of the Targeted Geoscience Initiative (TGI). The Government of Canada will provide funding of $25 million over five years ― more than double the original two-year allocation of $12 million ― to help develop new ways of exploring for deep mineral deposits.

“The Government of Canada recognizes that modern geoscientific information can help lower industry’s exploration risks and support the search for undiscovered natural resources,” said Minister Paradis. “We are committed to fostering economic growth throughout Canada, improving our global competitiveness and helping create local employment in mineral-based communities.”

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2011 PDAC Speech: by the Honourable Christian Paradis, P.C., M.P. Minister of Natural Resources – Toronto, March 7, 2011

This speech was given by the Honourable Christian Paradis, P.C., M.P., Canadian Minister of Natural Resources, on March 7, 2011 at the Prospector and Developers of Canada convention in Toronto, Canada.

Introduction

Good morning. Bon matin à tous.

Whether you’ve come here from across the country or around the world, I’m delighted to welcome you on behalf of Prime Minister Stephen Harper and the Government of Canada.

I want to thank Shawn Atleo, National Chief of the Assembly of First Nations, for being here.  His presence demonstrates that Aboriginal people have a shared interest in mining and development of our resource sector. It also, in turn, reflects the importance of exploration and mining to Canada’s Aboriginal communities.

Let me also welcome Peter Van Loan, Canada’s Minister of International Trade. And I would like to bring special greetings to the Honourable Laurence Golborne, Minister of Mines for Chile.

Minister Golborne, like everyone in this room, I was elated by the rescue of those 33 trapped miners last fall. I was born and raised in a mining town, and I know the close bonds that form not just between miners themselves but among their families.

So you can bet I was cheering along with the rest of the world when those miners were reunited with their loved ones. The rescue was an inspiration to all of us. And I hope that spirit and inspiration finds its way into all our talks at this conference.

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Canada’s mining sector has pulled up its environmental SOx

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.
 

Canada’s mining industry has made significant improvement in its environmental performance on many fronts from 1998 to 2008, according to a federal government publication.  The “Mining Sector Performance Report” was produced by Natural Resources Canada in consultation with an external advisory committee.  It included representation from industry, academia, provincial governments, Aboriginal groups and non-governmental organizations.

“One cannot report on the industry’s performance without noting the significant progress in environmental protection,” said the report.  “The mining sector, through multi-stakeholder initiatives, regulatory and financial instruments and science and technology has demonstrated its environmental commitment through reductions in energy intensity, air emissions and greenhouse gas emissions, as well as increases in environmental expenditures, including remediation and decommissioning.”

“This change in performance has taken place against a backdrop of rising public expectations, which has challenged the industry to extend its practices beyond regulatory compliance to environmental stewardship.”

There has been a tremendous growth in investments in the environment.  Between 1997 and 2006, environmental expenditures on operating costs rose from $796.1 million to $960.9 million and environmental capital expenditure increased from $420.9 million to $453.6 million over the same time period.

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Kirkland Lake gold district seeing strong activity – by Nick Stewart

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. This article is from the March, 2011 issue.

Gold adding a shine to exploration

As a camp which has lived and died on the back of gold, it’s perhaps no surprise that the Kirkland Lake district is thriving on the fortunes of the precious metal. Related exploration continues to shine in the region, as more and more drills are put into the ground to suss out the next major gold deposit or resource expansion.

“With the price of gold being between $1,300 and $1,400 an ounce, it makes it pretty easy to raise money on the market for gold projects,” said Gary Grabowski, resident regional ge­ologist for the Kirkland Lake district. “That’s what’s being looked at here, as you can imagine. Kirkland Lake is about gold.”

To put it into perspective, Grabowski says that the value of assessment work filed for the district in 2010 was $19 million; comparatively, it reached $27 million in 2009 and $17 million in 2008. “In previous years, we used to think if we got $8 million to $10 million that it was a really good year.”

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