2012 – Page 139 – Republic of Mining

[Ontario] Gov’t fails mining – by John Scott (Thunder Bay Chronicle-Journal – March 7, 2012)

March 8, 2012

The Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario.

John Scott is from the Thunder Bay Geological Services

Re Government Move Surprises KI; Huge Chunk of Land Near Reserve Off-limits to Mining — CJ, March 6:

Once again the Government of Ontario has failed the people of Ontario and has failed the only industry in the province that is still (?) viable enough the drag the province out of its economic tailspin. The problems with KI are not so great that Premier Dalton McGuinty has to use a club of this proportion to appease the handful, and it is a handful, of KI squeaky wheels.

While generally the area still has to be explored, we know enough of the area to indicate that the mineral potential is conducive to exploration. This is based on the magnetic characteristics of the rocks as well as the geology of the area. The potential for deposits of gold, base metals, copper, nickel and the platinum group metals to be found within the area withdrawn from staking is very high. The development of these Ontario resources would have benefited the entire province; now these potential resources have been removed from the economy of the province to the detriment of all.

What would the people living in the Toronto-centered area say if the government did not allow any exploration or development of any kind in an area equivalent to the KI withdrawal centered over Toronto?

NEWS RELEASE: Over 30,000 Attend Prospectors and Developers Association of Canada Convention

March 7, 2012

FOR IMMEDIATE RELEASE

Toronto, March 7, 2012-Over 30,000 people attended this year’s Prospectors and Developers Association of Canada’s (PDAC) Convention, breaking last year’s attendance record of 27,714.

“The convention has really hit its stride in terms of its place in the global mineral industry-this year’s attendance attests to that,” says PDAC President Scott Jobin-Bevans. “The tremendous networking and educational opportunities the convention offers really sets the standard for the industry. No other annual convention for mineral exploration and mining
draws a crowd of this size.”

The convention, now in its 80th year, attracts investors, analysts, mining executives, geologists, prospectors and international government delegations from all over the globe. The Trade Show and Investors Exchange combined feature over 1,000 exhibitors.

“PDAC brings together explorers, developers and producers for what is arguably the global mining industry’s most important event of the year,” says Rob Krcmarov, Barrick Gold’s Senior Vice President of Global Exploration.

A cautionary tale for the mining industry [Solid Gold Resources/Wahgoshig F.N. conflict] – by Jeff Gray (Globe and Mail – March 7, 2012)

March 7, 2012

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

David Babin, chief of the tiny Wahgoshig First Nation in Northern Ontario, was driving home from nearby Kirkland Lake during the spring thaw last year when he noticed the heavy equipment of a drilling crew, looking for gold in his people’s traditional lands.

It was the first Chief Babin had heard of the drilling. And it was the beginning of conflict that would end up in court, with an Ontario judge handing down a rare injunction earlier this year that suspended drilling on behalf of Solid Gold Resources Corp., a Thornhill, Ont.-based junior miner, and ordered consultations with the Wahgoshig.

“They didn’t understand first nation’s concerns,” Chief Babin said of the company in an interview. “Meanwhile, these guys kept on drilling, saying, ‘We’ve got the right to drill, and you can’t stop me.’ ”

Lawyers who work on these cases, representing both native bands and mining companies, say Solid Gold’s story is a cautionary tale for companies that fail to properly consult native communities that could be affected by their activities on Crown land.

Wanted: 100,000 [Canada] mining workers in next decade – by Derek Sankey (National Post – March 7, 2012)

March 7, 2012

The National Post is Canada’s second largest national paper.

Canada’s mining sector is entering a period of “significant and sustained growth,” according to a recent report from the Mining Association of Canada (MAC), which will translate into the need to hire more than 100,000 additional workers in the next decade.

“Mining in Canada is playing a leading role in Canada’s economic recovery,” says Pierre Gratton, president and chief executive of MAC. “We are generating significant results, we are creating valuable new jobs and we are optimistic about the opportunities in the future.”

The association estimates that Canada’s mining industry plans to invest a further $139-billion in new projects nationwide in the next 10 years. “Working responsibly and co-operatively, we believe mining will be a good news story for Canada for years to come,” Mr. Gratton says.

Demand for commodities in countries such as China and India are driving part of the overall appetite for investment in Canada’s mining industry.

Meet the former Bay Streeter leading Tory charge against oil-sands opponents [Joe Oliver] – by Shawn McCarthy (Globe and Mail – March 7, 2012)

March 7, 2012

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Joe Oliver has assumed the mantle as the Defender of the Oil Sands, a role he is clearly relishing. The fourth natural resources minister to serve under Prime Minister Stephen Harper, Mr. Oliver has more than any of his predecessors taken up the cudgels for Alberta oil producers who face a concerted, international campaign to shut down their aggressive expansion plans.

After just a few months in office, the 72-year-old rookie minister was thrust into a raging debate over the future of the oil sands, a major source of growth for employment, exports and greenhouse-gas emissions. He chose to stake his ground with an open letter – a full-throated denunciation of “environmental and other radical groups” that “use funding from foreign special interest groups to undermine Canada’s national economic interests.”

In launching its all-out attack, the government had a twofold goal: to undermine oil sands critics who succeeded in delaying the Keystone XL project in the United States, and prepare the ground for controversial reforms to the regulatory system that will speed up environmental reviews of major resource projects.

Law firms rack up billions in deals [mine financings] – by Drew Hasselback (National Post – March 7, 2012)

March 7, 2012

The National Post is Canada’s second largest national paper.

When it comes to mining deals, McMillan LLP appears to have gotten the full benefit out of its recent merger with Lang Michener LLP, while Cassels Brock & Blackwell LLP seems to be living up to its reputation as one of the leading mining firms in the country.

Financing numbers tabulated by our Financial Post Datagroup show that during calendar 2011, McMillan advised issuers listed on the Toronto Stock Exchange who raised $751.5-million through five equity financings. That puts McMillan at the top of our TSX mining financing league table when ranked by deal value.

Lang Michener, which officially joined McMillan on Jan. 1, 2011, brought with it a big book of mining clients, particularly in the firm’s Vancouver office.

Cassels Brock was second in terms of deal value, advising companies listed on the TSX that raised $581-million in equity financings. But Cassels Brock captured the top spot when ranked by number of deals, advising issuers listed on the TSX in 11 deals.

Ontario staggers under burden of fiscal federalism – by Matthew Mendelsohn (Toronto Star – March 7, 2012)

March 7, 2012

The Toronto Star, has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.

Matthew Mendelsohn is director of the Mowat Centre at the School of Public Policy and Governance, University of Toronto.

The Drummond report’s chapter on “Intergovernmental Relations” has received little attention so far. That needs to change. The chapter provides a devastating, evidence-based case that lays a lot of the blame for Ontario’s fiscal woes on the steps of the federal government.

When Premier Dalton McGuinty complained on Monday about federal decisions that are having a disproportionate effect on Ontario, he actually had the evidence on his side.

Chapter 20 of Don Drummond’s report begins by noting that in 2009-10, Ontario, with 39 per cent of the Canadian population, contributed 39 per cent to federal revenues, but benefited from only 34 per cent of federal spending — a gap worth about $12.3 billion or 2.1 per cent of Ontario’s GDP. The report concludes that this — among other factors — demonstrates the “perverse structure of Canadian fiscal federalism.”

ONTARIO GOVERNMENT NEWS RELEASE: Marketing Ontario Mining Expertise To The World

March 7, 2012

March 6, 2012 1:00 PM

McGuinty Government Strengthening Mining Supply And Services Sector

Ontario is helping its mining supply and services sector expand into new international markets which is boosting the economy and creating jobs.

Through its Mining Supply and Services Export Assistance Program (MSSEAP), the Province is helping the sector market its innovative products and services to buyers from all over the world through an international marketing campaign. A key component of this campaign is a new brand slogan – “Mining is at our Core” – that will help companies identify mining supplies and services made in Ontario. Support from MSSEAP has already helped secure more than $30 million in international sales and created new jobs for families.

Supporting a successful mining sector is part of the McGuinty government’s plan to create jobs and strengthen the province’s economy in the face of global economic uncertainty.

ONTARIO GOVERNMENT NEWS RELEASE: Mineral Exploration Investment Hits Record Billion Dollar Level

March 7, 2012

March 5, 2012 1:00 PM

McGuinty Government Supports Mining Sector, Creates Jobs

Investment in mineral exploration in Ontario in 2011 surpassed $1 billion for the first time, driving economic activity and creating jobs.

Ontario leads all Canadian jurisdictions in mineral exploration, with 26 per cent of the country’s exploration investment activity located within the province. In the search for new mines, the mineral development industry invests in a wide array of supplies and services, including heavy equipment rentals, diamond drilling services, laboratory services, and claim staking and geological services.

Supporting a successful mining sector is part of the McGuinty government’s plan to create new jobs for Ontario families and to strengthen the economy.

“Record levels of investment in mineral exploration are a product of our world class geological endowment and our superior investment climate.

NEWS RELEASE: Alliance formed between Aroland and Marten Falls First Nations to ensure their rights and interests are protected in the development of the Ring of Fire

March 7, 2012

Mar 6th, 2012 4:18 PM

Media Release

(Queen’s Park Media Studio, March 06, 2012) Today, Chief Eli Moonias of Marten Falls First Nation and Chief Sonny Gagnon of Aroland First Nation outlined to the Ontario government their position on mining development in their Territory. Chief Moonias and Chief Gagnon are founding members of the North-South Alliance.

The two Chiefs are in Toronto to monitor Ring of Fire related activity at the Prospector & Developers Association of Canada (PDAC) International Convention, Trade Show & Investors Exchange.

The Ring of Fire mineral deposit is located within First Nations homelands in Northern Ontario. Currently there are over 35,000 staked mining claims in the area. The majority of claims are staked in the Ring of Fire area which holds immeasurable wealth in the form of chromite and precious minerals with tonnage that can potentially drive Ontario’s economy for decades.

Ontario Mining Association helps teach teachers about mining

March 7, 2012March 7, 2012

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.

The Ontario Mining Association has been busy lately making sure teachers – and students – gain a better understanding of the mineral industry and the employment opportunities it offers. Lesley Hymers, OMA Environment and Education Specialist, carried the educational flag at three different outreach events recently.

On February 17, 2012, 85 teachers from the Toronto District School Board were guests of the University of Toronto’s Geology Department to learn more about the mineral industry and career options. It was a day dedicated to Earth science professional development.

Ms. Hymers ran a session focused on career education that presented the wide-range of job opportunities in mining. In addition to sharing mineral industry career themed hands-on learning activities with the teachers, she delivered a presentation that outlined a variety of career resources available to teachers from the OMA and partner organizations, including Skills Canada Ontario, the Mining Industry Human Resource Council (MiHR) and the Prospectors and Developers Association of Canada’s Mining Matters program.

NEWS RELEASE: Miller – “McGuinty government’s random approach to mining policy sends wrong signal to exploration companies.”

March 7, 2012

For Immediate Release

March 6, 2012

(Queen’s Park) The McGuinty government and Minister of Northern Development and Mines continue claims of support for the industry while simultaneously removing more land from exploration in Ontario’s North.

This highlights the government’s contradictory and confused mining policies. Since the McGuinty government took power, just as DeBeers’ Victor Mine was about to open, they slapped on a diamond royalty; shifted the provincial burden for the “duty to consult” onto mining industry; and removed more than a quarter million square kilometers from exploration.

Quotes

“The decision to remove this land from mining was a surprise, even to the First Nation community. These kind of arbitrary decisions are a big negative for mining exploration companies. It says that Ontario is closed for business.”
PC Northern Development and Mines Critic, Norm Miller.

Montreal company to manage $2-billion Vale project in Sudbury – Star Staff (Sudbury Star – March 6, 2012)

March 7, 2012

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

SNC-Lavalin Group Inc of Montreal won a contract to manage the modernization of Vale’s nickel smelter complex in Sudbury.

SNC did not say Monday how much the Vale contract was worth, but analysts estimated it to be about C$200 million over three years.

A construction and engineering company, SNC-Lavalin Group Inc. will oversee the $2-billion environmental upgrade at the smelter, known as the Clean AER (Atmospheric Emissions Reduction) Project.

The firm said it will work with local contractors. The project is expected to reduce emissions of sulphur dioxide by 70% from current levels, and cut dust and metal emissions by up to 40%.

[Ring of Fire] Chiefs oppose chromite plant for Sudbury – by Star Staff (Sudbury Star – March 7, 2012)

March 7, 2012

A $1.8-billion ferrochrome processing facility and the 500 jobs it will create won’t be located in Sudbury if native leaders from northwestern Ontario have their way.

The chiefs of the Marten Falls and Aroland First Nations say the plant – and others like it built to process minerals from the Ring of Fire area – should be located on their territories.

It was one of a list of demands Chief Eli Moonias of Marten Falls First Nation and Chief Sonny Gagnon of Aroland First Nation made public Tuesday during a press conference in Toronto.

The two chiefs are in Toronto to monitor Ring of Fire related activity at the Prospector & Developers Association of Canada International Convention, Trade Show & Investors Exchange.

Bisson fears ONR will derail – by Kyle Gennings (Timmins Daily Press – March 6, 2012)

March 7, 2012

The Daily Press is the city of Timmins broadsheet newspaper.

Drummond Report calls for privatization

Since 1902, the Ontario Northland Railway has been providing transportation, supplies and a life link to the countless communities that dot the Northern reaches of the province.

Recently, the government commissioned a report to assess the provincial deficit, make suggestions for cost cutting and provide a five-year fiscal plan. The result was the Drummond Report.

The report raises a number of issues for Timmins-James Bay MPP Gilles Bisson, the most prominent being the future of Ontario Northland.

“The problem is that when the government commissioned Drummond to make his report, they essentially said to him, ‘you can only look at the expenditures side of the budget sheet, you cannot look at the revenue side,’” he said. “How do you balance a budget a if you don’t look at the revenue side?”