Dick DeStefano is the Executive Director of Sudbury Area Mining Supply and Service Association (SAMSSA). destefan@isys.ca This column was originally published in the December, 2011 issue of Sudbury Mining Solutions Journal.
Stan Sudol has one of the most active mining logs in North America: www.republicofmining.com It has recently been added to a Top Ten Mining Blog list by Australian Mining magazine. We asked Stan for his comments and views on Northern Ontario Mining and its technology cluster.
SAMSSA has been monitoring the mining sector for nine years now and with the exception of the crash in September 2008, the sector continues to grow. Why?
China, India and many other industrializing and urbanizing economies will continue to grow and place enormous demands on mineral production and the supply and service suppliers. We are still in a commodity super-cycle that will last much longer than previous ones. However, commodity super-cycles have temporary downsides as we saw in 2008.
China is witnessing the largest rural-urban migration in the history of mankind. Hundreds of millions of new middle-class consumers need all sorts of products and infrastructure services that can only be made with the minerals we dig out of the ground in Sudbury and Northern Ontario.