Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Mining in Ontario is “Open for Business”

Dave Jackson Dave Jackson, Stockhouse
1 Comment| March 4, 2020

{{labelSign}}  Favorites
{{errorMessage}}

Click to enlarge
L – R: Chief Cornelius Wabasse of Webequie First Nation, Chief Bruce Achneepineskum of Marten Falls First Nation, Ontario Premier Doug Ford and Greg Rickford, Minister of Energy, Mines, Northern Development and Indigenous Affairs. Photo: Dave Jackson, Stockhouse.


Amongst the hustle and bustle of the world’s premier mineral exploration & mining convention, there is often a major industry announcement that moves attendees and exhibitors from the confines of their booths, huddle rooms, and even the snack bar.

Monday afternoon at PDAC 2020 was no exception.

Crowds of attendees, mining executives, and a full media corps crammed the Ontario Pavilion on the floor of the main PDAC convention hall as Ontario’s Progressive Conservative government announced it is investing more than $10.5 million in 28 companies that supply products and services to the mining industry. In an accompanying press release, the provincial government said the funding will help also create or retain over 180 jobs.

The assembled included Ontario Premier Doug Ford and Minister of Energy, Mines, Northern Development and Indigenous Affairs, Greg Rickford, along with Chief Bruce Achneepineskum of Marten Falls First Nation and Chief Cornelius Wabasse of the Webequie First Nation for a signing ceremony.

In a prepared statement Premier Ford commented:

"After 15 years of delay by the previous government, we said we would build a road to the Ring of Fire, and we are working with our incredible partners in the Marten Falls First Nation and Webequie First Nation to do just that and make sure we do it right. Together, we can bring jobs and prosperity to communities across the Far North. Promises made, promises kept."

The signing signals a new partnership between the government, Marten Falls First Nation and Webequie First Nation to advance the planning of critical road infrastructure that should provide reliable, all-season road access to potential mine sites and connect First Nation communities to Ontario's provincial highway network.

The Ford government has been critical of the previous Ontario Liberal government’s perceived lack of action and over regulation of the province’s historically robust mining industry. Ford said that over the years, Ontario has slipped from first to sixteenth in global jurisdictional mining power.

Minister Rickford had this to say about the government’s new intiative:

"Promoting business expansion and the development of new technologies ensures a competitive and innovative mining sector in Ontario. Together with our partners, we are bringing good jobs and investment to the province and sending a signal to the world that Ontario is open for business, including the North."

In an exclusive interview from the floor of the Metro Toronto Convention Centre with Stockhouse Media’s Dave Jackson, Rickford pulled no punches in his evaluation of past administration’s lack of vision in promoting and assisting what was once the province’s biggest and most profitable industry:

Click image below to play or download entire interview:



In a joint announcement, the provincial government along with the Marten Falls First Nation and Webequie First Nation said they were taking a major step forward in unlocking jobs and opportunity in Northern Ontario's Ring of Fire region by entering into an historic agreement to advance the planning and development of a proposed Northern Road Link.

“Promises made, promises kept." For metals & mining investors and industry executives in attendance and abroad, this was clearly music to their ears.


Stockhouse Investor Alert!

Stockhouse Media has been reporting LIVE from the PDAC convention floor all week with interviews, live reports, and news updates from all of the mining industry’s major movers and shakers.

The entire industry descends upon the city for four days of speakers, short courses, technical sessions, investment opportunities, and unparalleled networking events in the packed halls of the MTCC.

The annual convention has been held in Toronto, Canada every year since it premiered in 1932, and has grown in size, stature and influence and today is the event of choice for the world’s mineral industry. To this day, Toronto, along the TSX / TSX-V, continue to be the world’s effective headquarters for mining companies and mining finance.

In 2019, Stockhouse Media videotaped over 90 interviews from the floor at PDAC. Expect even more from PDAC 2020! And this year, Stockhouse Media’s Cindy Broad will be vodcasting live again with some of the biggest and brightest names in the metals and mining space!



Tags:

{{labelSign}}  Favorites
{{errorMessage}}

Comments

Nice work Ontario! Get ROF back to life! CDC.V, cheapest proven resource of play in the area, $4 billion in gold, silver, nickel, platinum, palladium, copper and the market cap is less than $3 million with a JV being closed next week.
(430)
March 4, 2020

Leave a Comment

You must be logged in to be able to post a comment.