Written by MPP Michael Mantha on 09 November 2015
Algoma-Manitoulin NDP MPP Michael Mantha
This week the Ontario Mining Association (OMA) held their annual “Meet the Miners” event at Queen’s Park. This annual event is held to bring recognition to the importance of the mining sector in our province and inform politicians of the successes and challenges within the industry.
Many mining companies who are members of the OMA held briefings with all parties to highlight their activities and what they provide to the province and how the province can better assist these companies succeed.
Each year the mining industry warns us that hydro prices are threatening their exploration, operations and ability to refine here in Ontario. These companies have been ringing the alarm bells for years and several companies have already left the province taking good jobs with them.
I’ve been demanding the Minister tell us why this Liberal government has yet to consult the mining industry about how the fire sale of Hydro One is going to impact them given their already crippling energy costs.
This government continues to sit on the sidelines while companies lose their financial backers, sell their shares and shut down operations. At this rate the liberal government is well on track to kill a $60 billion mining project.
Last year, mining giant Cliffs, who spent $550 million in the Ring of Fire, said they can no longer do business with this Liberal government and sold their claims at a massive loss to Noront for $20 Million. They said they had “zero hope” and that every investment dollar spent here was a “disaster”.
Noront Resources is one of the few remaining mining companies operating in the Ring of Fire. According to inside sources, the Ontario mining company is expected to halt spending by the end of year, causing enormous job losses if the Liberal government doesn’t make progress with infrastructure and First Nations agreements.
This liberal government has had eight years and failed to come up with a plan that will create good jobs, build infrastructure, reduce the high price of electricity and work with First Nations. They have done nothing.
I will continue to demand that this government support resource development in the north, working with communities, First Nations and industry to create good jobs.
As always, please feel free to contact my office about this issue, or any other provincial matters. You can reach my constituency office by email at mmantha-co@ndp.on.ca or by phone at 705-461-9710/1-800-831-1899.
MPP Michael Mantha, Algoma-Manitoulin
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