Caruso Club, Sudbury, Ontario
Check Against Delivery
Good afternoon everyone. Bonjour tout le monde. This certainly has been an amazing few weeks in the mining capital of Canada with great investment news and scientific celebration.
Recently, in the span of about ten days we had the Cliffs decision to locate a $1.8 billion chromite smelter in our city, …the official opening of the internationally renowned SNOLAB research facility,
… and a provincial government announcement that Sudbury has been approved for a casino that may be built downtown, further contributing to the centre’s renewal.But first, I would like to start off with an amazing number: $6.3 Billion!
That is the current value of mining investment, confirmed or planned for Sudbury, over the next five years or so. This only includes capital projects by Vale, Cliffs, KGHM and Xstrata Nickel.
That six billion dollars does not include potential investments by the growing supply and service sector, government and
many other non-mining activities that will tap into these enormous projects.