October 21, 2009 12:17 PM
Ontario's mining sector became more competitive and responsive with the passage of ground-breaking legislation today — benefiting mining companies, First Nations, local communities and Ontario's economy.
The Act to amend the Mining Act (Bill 173) includes a number of progressive provisions, which will make
Ontario a
national leader in mineral resource stewardship, including:
The Ministry of Northern Development, Mines and Forestry will now begin consultations with stakeholders to develop the regulations that will govern these new processes.
"These changes to Ontario's Mining Act offer a balanced approach to mineral development in Ontario that considers a range of interests while supporting a competitive economic climate for the minerals sector."
– Michael Gravelle
Minister of Northern Development, Mines and Forestry