Stan Sudol is a Toronto-based communications consultant and strategist who writes extensively on the mining sector. email@example.com
What a difference a decade makes! Ten years ago, according to many in the Toronto-media, mining was a sunset industry and any modern industrial country/province should not be in such a supposedly “low tech” sector. Some even thought we should let the industry die and allow lesser developed and some politically unstable countries be the primary suppliers of mineral commodities.
At that time, Ontario budgets were only a billion or two in the red, and its manufacturing sector was the cornerstone of a strong economy. Today, emerging markets like China, India are competing with the U.S., Japan, South Korea and other developed nations for access to mineral resources around the world, the basic building blocks of any modern industrialized society. The mining sector has become one of the most strategic sectors of the global economy. And Ontario is a “have-not” province.
Currently, Ontario faces a number of key economic problems including an aging workforce, crumbling infrastructure and provincial budget deficits that will not be able to sustain existing social programs. In addition, the south’s manufacturing might, which supported Ontario’s high standard of living since the 1950s, is under extreme stress due to globalization, a weak U.S. market – the destination of almost 90% of our manufactured goods – and high electricity costs. Read the rest of this entry »
posted in Northern Ontario Politics, Ontario Mining, Stan Sudol Columns/Media References and Appearances | Comments Off