I would like to thank the Prospectors and Developers Association of Canada for your kind invitation to speak here today. In particular, I want to thank Don Bubar, the Chair of the Aboriginal Affairs Committee for his vision and efforts in bringing our communities together.
Before I start though, I want to congratulate PDAC on your 75th anniversary…….your diamond anniversary.
Speaking of diamonds, the newest diamond mine in Canada – which just happens to be located on Attawapiskat First Nation territory – has inspired this speech to you today. This is because the development model being used there is exactly the model we would like to see all mining companies in Canada embrace.
DeBeers Canada is investing more than $980 Million to develop the mine. This could eventually pump more than $6 Billion dollars into Ontario’s economy … $6 Billion dollars!
The project will earn money for DeBeers and generate royalties for Canada. However, the most important aspect of the development from our standpoint, will be the hundreds of jobs it will create for residents in local First Nations communities as well as sustainable education, training, and business opportunities for our people for decades to come.
Mining activity in Canada is on the rise due to higher metal prices and the metals shortage worldwide. According to Natural Resources Canada, “approximately 1,200 Aboriginal communities are located within 200 kilometres of producing mines and 2,100 exploration properties across Canada”.