Mining Industry
The Mining Industry in Northwestern Ontario: An Analysis of Recent Developments and the Strategy for Success
January 2016 | Karl Skogstad and Ayman Alahmar
The province of Ontario could be missing out on billions of dollars in tax revenue and the creation of thousands of jobs for the people of Northern Ontario. According to a new research report published by Northern Policy Institute, nine potential mining projects have been proposed in the North since 2010, with an estimated wealth at $135.4 billion and the potential to create over 23,000 jobs. But according to Karl Skogstad and Ayman Alahmar in their report, The Mining Industry in Northwestern Ontario: An Analysis of Recent Developments and a Strategy for Success, none of these proposed projects have begun commercial production.
In the report, Skogstad and Alahmar examine nine proposed mining projects in Northwestern Ontario, which include:
1) Cochenour/Bruce Channel (Goldcorp Inc.)
2) Phoenix Gold Project (Rubicon Minerals Corporation)
3) Josephine Cone Mine (Bending Lake Iron Group Ltd.)
4) Marathon Cu-PGM Deposit (Stillwater Mining Company)
5) Black Thor (Noront Resources Ltd.)
6) Eagle’s Nest (Noront Resources Ltd.)
7) Hammond Reef (Canadian Malartic Corporation)
8) Goliath Gold Project (Treasury Metals Inc.)
9) Rainy River Gold Project (New Gold Inc.)