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Renewed Mineral Development Stategy

 

 

News Release

Ontario Releases Renewed Mineral Development Strategy

December 11, 2015

Province Attracting Investment in Ontario’s Minerals Sector

Ontario has released a renewed Mineral Development Strategy that provides a 10-year vision to position Ontario as the global leader in sustainable mineral development.

The renewed strategy confirms the province’s commitment to attracting new investment and supporting innovation in the mineral exploration and development sector.The strategy consists of a 10-point action plan with four strategic priorities to ensure the mining sector is:

  • Competitive and innovative
  • Safe and environmentally responsible
  • Efficiently and effectively regulated
  • Positioned to ensure growth and prosperity for future generations.

The strategy is the result of engagement with prospectors, junior exploration and mining companies, environmental organizations and Aboriginal and northern communities. They shared their input through written submissions and participation at workshops hosted by the province.

The Northern Ontario Heritage Fund Corporation (NOHFC) is investing $5 million in a Junior Exploration Assistance Program in support of the renewed Mineral Development Strategy. This program is expected to provide much needed financial support for mineral exploration projects.

Supporting a healthy, competitive and sustainable mineral sector is part of the government’s plan to build Ontario up. The four-part plan includes investing in people’s talents and skills, making the largest investment in public infrastructure in Ontario’s history, creating a dynamic, innovative environment where business thrives and building a secure retirement savings plan.

QUICK FACTS

  • The Mineral Development Strategy was originally released in 2006. Renewing the strategy was a key commitment of the Growth Plan for Northern Ontario.
  • There are currently over 40 mines operating in Ontario, including 14 base metal mines, 16 gold mines and one diamond mine.
  • The value of mineral production in 2003 was $5.7 billion. In 2014, the value of mineral production was a record $11 billion.
  • Ontario accounts for approximately 25 per cent of mining jobs in Canada.
  • The mining industry supports more than 26,000 direct and 50,000 indirect jobs, and is the largest private employer of Aboriginal persons in Ontario.

BACKGROUND INFORMATION

ADDITIONAL RESOURCES

 

Please contact us if you have any questions or concerns at: Consultation@rsmin.ca

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