“If we do the right things, mining can literally help
dig Ontario out of its debt.” (Chris Hodgson, President
and CEO Ontario Mining Association)
Sudbury is well-positioned to benefit from that mining
boom because it has the largest integrated mining complex
in the world and one of the largest nickel-copper
sulphide bodies. (Pierre Gratton, President and CEO,
Mining Association of Canada)
Sudbury stands to benefit from investments in mining operations to the tune of about $5.2 billion in the next five years. That’s a healthy percentage of the $136.4 billion in capital expected to be invested in mining projects throughout Canada from 2012 to 2017.
All of those billions will go into mining projects already in existence, says the president and chief executive officer of the Mining Association of Canada.
That doesn’t include private and public money that may be invested in projects to develop, mine, smelt and transport chromite from the Ring of Fire in northwestern Ontario.
Pierre Gratton was one of two guests who spoke to the Greater Sudbury Chamber of Commerce on Thursday about how the city can benefit from the current up cycle in the metals industry.
China will continue to be a mineral price driver as its econo my continues to grow at double-digit rates. That demand is long-term, with expectations its growth will still be in the 6% to 9% range from 2020-2025. Continue Reading →