Mining was an issue but can a $1-billion promise inspire action on the Ring of Fire?
Repeated accusations of corruption didn’t stop Ontario voters from re-electing the provincial Liberals of Kathleen Wynne on June 12, this time with a majority government. Among the victors’ first priorities is a budget that was rejected by both the Progressive Conservative and New Democratic parties. Therein lies some possible good news for mining and exploration. The Liberals promised $1 billion to help open up the resource-rich challenge known as the Ring of Fire.
The bad news? As the Liberals are now firmly entrenched, so are the controversial mineral exploration regulations enacted last spring.
The Ring of Fire pledge was factored into the Liberals’ proposed May budget that brought down the minority government. But the money resurfaced as a campaign promise. Previously the government had talked about a billion-dollar commitment on the condition that the federal government put up an equal amount. Now, with that string unattached, the money would go into the province’s northern development corporation, an entity that hasn’t even been created yet.
How far a billion could go, or even twice that if the feds pony up, remains a nagging question for a region 500 kilometres northeast of Thunder Bay that lacks a year-round transportation corridor, let alone other amenities.