Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario.
Northwestern Ontario’s burgeoning mining sector is expected to create 10,000 full-time jobs over the next decade and bring in up to $1.7 billion in overall economic revenue each year over the same period, says an exhaustive report.
But Thunder Bay’s Mining Readiness Strategy also warns that the city, the province, outlying municipalities and Aboriginal agencies have a lot of work to do to prepare for the boom: energy needs, housing shortages, aging roads and sewers, and worker training are all areas that need to be quickly addressed.
The overall buoyant outlook in the report suggests that the region will not be left out when the province’s economic recovery kicks in, as was the case during the forestry crash.
Spearheaded by Thunder Bay’s Community Economic Development Commission, the study was deemed complete Thursday and posted to the city’s website.
The rosy forecast is based on 10 new mines or major expansions, nine of which are in the advanced stage of exploration, including the Ring of Fire, Stillwater Canada’s proposed copper and palladium mine near Marathon and Goldcorp’s Channel Gold project at Red Lake.