Archive | Ontario Mining

Executive Summary – A Refined Argument: Report of the Advisory Panel on Municipal Mining Revenues – Produced by the City of Greater Sudbury

The Sudbury Basin is arguably the most valuable geologic structure in the world. For more than one hundred years, dozens of mines have operated around the rim of this ancient meteor crater, extracting millions of pounds of nickel, copper and cobalt as well as million of ounces of gold, platinum and palladium.

The sales of these metals have realized tens of billions of dollars in profit for mining companies and billions of dollars in taxes for the Federal and Provincial Governments. The mining activities in the Sudbury Basin have in large measure driven the development of the progressive urban center that is the City of Greater Sudbury.

Local municipal government in the Sudbury area has gradually grown to match the geographic extent of the basin. As dictated by the Ontario government in 1973 and again in 2001, the disparate assembly of communities that had developed around the mine sites has been consolidated into Ontario’s largest municipality, covering a staggering 3,200 square kilometers. Continue Reading →

Ontario Mining Municipalities Want Fair Share of Tax Revenues – Gregory Reynolds

Gregory Reynolds - Timmins ColumnistThe fight by mining municipalities to win fair tax treatment from the Ontario government is entering a new phase. The drive is spearheaded by the two largest mining communities in Canada, Sudbury and Timmins. The two cities have accepted, finally, that in unity there is strength.

The second fact they have embraced is that there are too many voices attempting to get the ear of the politicians from the Golden Horseshoe.

There are just too many organizations that try to present the numerous problems facing Northern Ontario to Queen’s Park. This has enabled successive governments, and all three political parties are equally guilty when in power, to play the divide and conquer game.

Also part of the new reality accepted by northern representatives is that crying softly, or shouting loudly, doesn’t win friends or influence people. Hard facts, backed by statistics and logical arguments, are needed to achieve their goal of obtaining the financial help required to improve the quality of life in the region. Continue Reading →

Map Staking May Not Be The Answer – Gregory Reynolds

Gregory Reynolds - Timmins ColumnistThe Ontario government appears to be boxing itself in when it comes to the issue of map staking.

While large Canadian mining companies and some bureaucrats in the Ministry of Northern Development and Mines (MNDM) favour map staking over the traditional method of acquiring Crown land with the possibility of a mineral resource, prospectors and most small mining companies are opposed.

Actually going into the wilderness and physically walking the boundary of a mining claim, known as ground staking, generates a great deal of wealth for several sectors of the economy.

On the other hand, under map staking, a company or an individual can sit at a computer and pick out the land desired. Upon paying the ministry its fees, the company or the prospector has acquired temporary title to the land.

It must be noted under map staking, a company in Russia or a geologist in South Africa would be able to stake several hundred, or even several thousand, claims if the bill could be paid over the internet.

While the province is considering map staking for south of the French River and the debate over its value has raged over that point, there is another aspect to the situation. Continue Reading →

Gold Prices May Not Have Silver Lining – Gregory Reynolds

Gregory Reynolds - Timmins ColumnistThe long awaited – and predicted – push by the price of gold through the US$1000 an ounce barrier has occurred.

There is jubilation in the hearts of the gold bugs of the world, those faithful who attend conferences year-after-year to hear the word from on high: gold is the only asset to hold.

That the wait between gold’s previous record high in 1980 at US$850 an ounce to the March 13 break through was 27 years is being ignored.

The gold mining industry, especially in Canada, has reason to be happy but there is a need to look past the event and to ask why it happened.

Continue Reading →

New PDAC President Jon G. Baird – A Profile

Jon G. Baird - President Prospectors and Developers Association of CanadaPDAC Presidents traditionally serve two years. Outgoing President Patricia Dillon will be relinquishing her position to Jon G. Baird, a Canadian-born engineer who graduated in geophysics from the University of Toronto in 1964.

His business career has spanned 28 years with Scintrex Limited, a Toronto based consultant and manufacturer of instrumentation used in mineral exploration and other applications. Responsible for the marketing and selling of Scintrex’ products and services for over 20 years, Baird led a world wide campaign which helped make the company a world leader in its field.

Accomplishments included making the brand name well known to mineral exploration specialists in more than 100 countries, establishing and running a dealer network in more than 55 countries and negotiating major sales in many countries including Mexico, India, China and the U.S.S.R.

Since January, 1993, Baird has been the Managing Director of CAMESE, the Canadian Association of Mining Equipment and Services for Export. Founded in 1981, CAMESE exists for the sole purpose of assisting mining supplier firms to export. Since 1993, the membership of CAMESE has increased from 28 to over 250 companies, demonstrating the sector’s interest in approaching new global challenges through a level of joint action.

Baird has been on the Board of Directors of the Prospectors and Developers Association of Canada since 1995 and since March 2006 has been First Vice-President of that organization.

He has visited 71 countries on business, speaks five languages and is working on a sixth. Baird is also interested in marketing, geopolitics and global issues.  He is happily married to his Swiss-born wife, Martha and resides in the country north-east of Toronto.

In one of my next postings I will interview incoming PDAC President Jon G. Baird about the main challenges and issues facing the mining industry and his goals for this organization over the next two years.

FNX Mining – Sudbury Basin Success (Part Two) – Stan Sudol

Underground at McCreedy West - FNX Photo“We had the pick of the geologists’ crop in the depressed mining sector of 2002 and subsequently built one of the country’s biggest, youngest and most innovative exploration teams,” continues MacGibbon. “And with all that historical data, our fantastic computer- literate staff played a key role in helping us decide where to drill.”

Right from the beginning, this junior’s exploration mindset was on steroids. From 2002 to 2007 FNX will have spent more than $100 million on exploring its properties in the Sudbury Basin. Continue Reading →

FNX Mining- Sudbury Basin Success (Part One) – Stan Sudol

Terry MacGibbon, Executive Chair, FNX Mining Company Ltd. - FNX Photo“Our company has a strategic position in the trillion-dollar Sudbury Basin which by far, is the richest mining district in North America,” observes Terry MacGibbon, executive chair of FNX Mining Company Inc. “With China’s and eventually India’s voracious hunger for metals, expected to last for decades, the long-term growth and future of our company on solid ground.”

MacGibbon’s dedication to the region is proudly on display in the front lobby of the company’s University Ave. head office – adjacent to Toronto’s high-rise financial core where many of the country’s top mining analysts and investors work – with a bold eight-by-four sculpted wall hanging in the shape of the famous Sudbury Basin.

“Most Canadians don’t realize the Sudbury Basin is a global ‘metallic super power’ and that there are many incredibly rich mineral deposits still to be discovered here. This 120 year old mining camp will be producing nickel, copper and platinum for at least another century if not more,” he said.

With two operating mines on the north range of the Sudbury Basin, another mine ready for production in 2008 and two other promising deposits in the district, many have overlooked the phenomenal growth of FNX Mining.

Continue Reading →