Mining in Ontario TABLE OF CONTENTS with a special report on: Introduction ............................................................ p68 Toronto The Golden Province …………………...........…………. p69 Interview with Minister Rick Bartolucci ................…. p70 World’s Mining Capital The Ring of Fire: Will it Ever Burn, Burn, Burn? ......... p85 Sudbury: Vive La Big Nickel ……….....……………… p89 Ontario Still Has Much More to Offer .....…………… p92 This report was researched and prepared by Global Toronto: World’s Mining Capital ....…………………… p95 Business Reports (www.gbreports.com) for Engineering & Interview with Kevan Cowan, TSX Markets ............... p103 Mining Journal. Toronto Roots, Global Reach ……………………….. p104 Editorial researched and written by Ramona Tarta, Karim The Silver Lining ………………………………………… p120 El Badrawy, Angela Harmantas, and Amanda Lapadat of Global Business Reports. For further information, contact Strategic Minerals ……....……………………………… p123
[email protected], or follow us on twitter: @GBReports Boom Times are Challenging Times ……......………… p127 The Service Sector ……......….....…........………… p132 Cover photo courtesy of Detour Gold. Conclusion: Continued Success in Ontario ..………… p146 A REPORT BY GBR FOR E&MJ MAY 2012 MINING IN ONTARIO Introduction Ontario, a fundamental mining province, is home to the renowned Sudbury nickel belt as well as the Timmins, Kirkland Lake and Red Lake gold camps. Sitting second behind Québec for overall mining production, and labor shortages and recently introduced regulations, such as the Far hosting the world’s leading mining financial center in the Toronto North Act, are seen by many in the mining business as stumbling Stock Exchange, Ontario is a premier destination for mining compa- blocks that could have negative implications for the sector. To sus- nies. Ontario’s mineral industry is currently valued at approximately tain growth, it is imperative that both the private sector and gov- C$8 billion.