Posted May 1, 2009
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Mining

Ontario Takes Bold Steps To Modernize Mining Act

Government To Introduce Innovative, Balanced Legislation For A Sustainable Mining Future

TORONTO - Proposed changes to Ontario's Mining Act would see significant strides in Aboriginal consultation, provide clear rules for industry and reduce the impact of mineral exploration on the environment.

The proposed legislation, that was introduced late yesterday, promotes balanced development that benefits all Ontarians. If passed, it would modernize the way companies stake and explore their claims to be more respectful of private land owners and Aboriginal communities. At the same time, it would support a vibrant minerals industry that would help many communities realize their economic and social aspirations.

The proposed legislation includes a number of ground-breaking provisions, which would make Ontario a national leader in mineral resource stewardship, including:

- Incorporating Aboriginal consultation in mining legislation and regulations

- Requiring awareness training to obtain a prospector's licence, and

- Introduction of a dispute-resolution process for Aboriginal-related issues in mining.

If the legislation is passed, Ontario will begin putting new rules in place later this year.

"This proposed legislation takes bold steps toward a modern, innovative Mining Act that would balance all of our respective interests, benefit Ontario communities and support a vibrant Ontario minerals industry." - Michael Gravelle, Northern Development and Mines Minister

- Mining is Canada's largest private sector employer of Aboriginal people.

- Mining provides Ontario with a trade surplus of about $3.3 billion annually.

- The 2009 Ontario Budget committed $40 million over three years for initiatives to support Mining Act modernization.

Submit press release to pressrelease@exchangemagazine.com - Editor Jon Rohr - Content published on this site represents the opinion of the individual or organization and/or source provider. ExchangeMagazine.com is non-partisian online economic development journal. Privacy Policy. Copyright of Exchange produced editorial is the copyright of Exchange Business Communications Inc. 2009/*.*. Additional editorials, comments and releases are copyright of respective source(s).

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