PUBLICATION

Global Business Reports

AUTHORS

Irina Negoita, Gabrielle Morin, Angela Harmantas

Ontario Mining 2015

January 26, 2015

The Canadian province of Ontario is one of the preeminent mining jurisdictions in the world, but volatile prices for its two largest mineral exports, gold and nickel, have depressed new exploration since 2012. The Ministry of Northern Development and Mines also introduced changes to Ontario’s Mining Act, which require companies to file with the government and consult with local communities before undertaking exploration. Major companies have also shelved projects in the mineral-rich Ring of Fire because of the lack of investment in infrastructure by the government or industry. Nonetheless, there are reasons for optimism. A number of new mines are set to open in the next two years, not including Vale’s fully automated Totten nickel mine that opened in February 2014. Moreover, companies are using innovation and focusing on value over volume to succeed during the down cycle.

 

Featuring exclusive interviews with:

Minister of Northern Development and Mines, Ontario – Hon. Michael Gravelle, Minister
Ontario Mining Association – Christopher Hodgson, President
Goldcorp – George Burns, Executive vice president and COO
New Gold – Robert Gallagher, President and CEO
Rubicon Minerals Corp. – Michael Lalonde, President and CEO
Noront Resources – Alan Coutts, President and CEO
First Nickel Inc. – Thomas Boelert, President and CEO
Ontario Graphite – Tom Burkett, CEO and Member of Board of Directors
Resource Capital Funds – David Thomas, Managing Director
IBK Capital – Michael White, President and CEO

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MACIG

"We expanded our business in West Africa and built our largest mine to date at a time when the markets were risk averse. Being counter-cyclical takes both discipline and guts, but it pays off and we are now reaping the benefits."

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