Familiar regulatory barriers hampering nine mining projects in northwest
Exorbitant hydro rates, a myopic First Nations consultation process and an onerous environmental review system — a familiar trio of regulatory barriers — are hampering the development of new mines in northwestern Ontario, a new report says.
Regulatory barriers have halted the development of nine mines in northwestern Ontario since 2010, say the authors of a new report from the Northern Policy Institute.
Those nine proposed mining projects, which include Noront Resources’ Eagle’s Nest and Black Thor projects in the Ring of Fire, and Treasury Metals’ Goliath Gold project, had the potential to create 23,000 jobs and generate an estimated $135.4 billion in wealth, says the mining industry report. Continue Reading →