Norm Tollinsky is editor of Sudbury Mining Solutions Journal, a magazine that showcases the mining expertise of North Bay, Timmins and Sudbury. This article is from the March, 2011 issue.
It’s no accident that 22,000 members of the global mining community take over Front Street in Toronto every year about this time. Ontario, the epicenter of the global mineral exploration business, is where the deals get done. It’s where money is raised and expertise is sought for discovering and mining the resources that are more in demand than ever as prosperity in the developing countries puts cash in the pockets of hundreds of millions of new consumers.
Downtown Toronto is where it all happens, but Ontario’s stature as an international centre of mining expertise begins with the province’s inexhaustible natural endowment of gold, diamonds, copper, nickel, zinc, platinum group metals and now, chromite. After a brief dip in mineral exploration caused by the global financial meltdown in 2008, Ontario is once again firing on all cylinders.
As reported in our cover story this issue, the province reported record-breaking mineral exploration expenditures of $825 million for 2010 and there is every indication that 2011 will be just as busy. All across Northern Ontario, from Detour Gold’s 14.9 million ounce Detour Lake project in the northeast to Osisko’s 6.7 million ounce Hammond Reef project in northwestern Ontario, we are seeing former producing mines returning to production, new resources being discovered, shafts being sunk or deepened and head frames rising from the earth.