July 22, 2011 – Republic of Mining

[Canada Mining Innovation] Council focused on improving Canada’s mineral reserve – by Tracy Hancock ( MiningWeekly.com – July 22, 2011)

July 22, 2011

http://www.miningweekly.com/page/americas-home

Fledgling nonprofit organisation the Canada Mining Innovation Council (CMIC) aims to reverse the significant decline of Canada’s reserves through its exploration initiative.

Government department Natural Resources Canada (NRCan) reports a reduction exceeding 80% in lead, zinc and silver reserves, while copper and nickel declined by over half in the past 25 years. Gold reserves in 2008 were around half those recorded in 1995.

“Reserves in Canada have declined substantially and continue to do so; however, this can be countered by putting technologies in place to better identify new ore deposits, both in remote and covered locations, and in deeper locations near existing infrastructure,” says CMIC executive director Tom Hynes.

Canada’s mining industry is a signifi- cant contributor to Canadian prosperity as it employs 308 000 workers in minerals extraction, processing and manufacturing, says the Mining Association of Canada economic affairs VP Paul Stothart. There- fore, development is crucial.

Ring of Fire in Ontario of interest to miners but builders advised to look closer to current mines – by Saul Chernos (May 13, 2011)

July 22, 2011

Daily Commercial News and Construction Record website

Hot mineral exploration areas like the Ring of Fire in northern Ontario suggest significant construction down the road. But builders looking for more immediate work should focus on sites elsewhere in the province that are closer to actual mine activity, industry reps say.

Located in the James Bay Lowlands, hundreds of miles north of existing transportation and hydroelectric infrastructure, the Ring of Fire has attracted considerable attention in recent years. Mining prospectors and early-stage developers are hoping to tap what’s widely believed to be mammoth deposits of chromium, nickel, copper, platinum and palladium.

True, infrastructure such as an often-discussed $600-million railway line will be needed. However, actual development is years away at best. Although the Ontario government has announced its intention to open the area to growth, local Aboriginal populations are demanding treaty rights and environmental groups are worried new transportation corridors and mines will harm the fragile boreal forest.

“The Ring of Fire is a hot topic,” says Peter McBride, a spokesperson with the Ontario Mining Association. “It’s an area of incredible potential. Mines could be operating there for generations, but we’re not quite there yet. There’s lots more going on before it will come on stream.”

Updated Mining Marshall Plan for Northern Ontario – by Stan Sudol

October 6, 2011July 22, 2011

Stan Sudol is a Toronto-based communications consultant and strategist who writes extensively on the mining sector. stan.sudol@republicofmining.com

A version of this article was published in the August issue of Northern Ontario Business and the September issue of the Canadian Mining Journal.

What a difference a decade makes! Ten years ago, according to many in the Toronto media, mining was a sunset industry and a 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 countries to 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 United States, 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, set to receive $2.2 billion in equalization transfers in the next fiscal year and run a $16.6 billion deficit.

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.