Vale and Glencore officials say they support changes the government says will make it easier and quicker to open a mine
Saying it takes too long to get a new mine approved, the Ontario government on Thursday introduced legislation to speed up the process.
“It shouldn’t take 15 years to open a mine. This process is too time-consuming and costly, leading to project delays and lost opportunities for Ontario’s mineral exploration and mining sector,” George Pirie, the province’s minister of Mines, said in a release. “We need to get building.
“That’s why our government is introducing changes to the Mining Act to help attract more investment and secure the critical minerals that support the made-in-Ontario supply chain for new technologies like batteries and electric vehicles.”
The government noted that Ontario produced more than $11.1 billion worth of minerals in 2021, accounting for 20 per cent of Canada’s total mineral production and about $3.1 billion worth of critical minerals.
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