Mining Magazine May 2015 | Page 16

Finance
entities not addressing First Nations consultation issues .”
“ Lack of transparency , extreme conflict over land use with First Nations groups , high costs of permitting and new poorly organized regulations .”
“ Poor decisions on infrastructure and lack of provincial First Nations agreements related to developments in the Ring of Fire .”
“ Abandoning the mining industry and forcing it to deal directly with native groups , and providing support to native groups for negotiations , but not to junior mining companies .”
While Canada ’ s overall scores improved significantly in 2014 , by almost 10 points , Ontario remained in the bottom category . One of the biggest problems for the province , especially with junior miners , has been raising capital .
“ Globally , the junior exploration sector is experiencing difficulty raising capital because of a decline in investments resulting from lower commodity prices ,” said Garry Clark , executive director of the Ontario Prospectors Association .
16 M ay 2015