Mining Magazine May 2015 | Page 20

Finance
economic significance , generating a direct economic impact of $ 6.6 billion in gross output value ,” said Gravelle . “ Our government recognizes the value of maintaining our position as a global leader in mining sector innovations . That ’ s why we ’ ve committed in excess of $ 4.5 million in the past five years to support mining supply and services companies in expanding their export capacity and increase sales to international markets .”
According to Gravelle , to maintain its competiveness , Ontario needs to maintain a business climate that attracts investment
“ I certainly recognize that it is vital that Ontario maintain a business climate that attracts investment and I believe we ’ re doing just that . For example , one of the most important indicators of investment attractiveness is exploration spending and , from this measure , it ’ s clear that Ontario remains a leader .”
He added , “ We are the top jurisdiction in Canada and among the top jurisdictions in the world . In fact , the size of Ontario ’ s provincial mineral industry is comparable
20 M ay 2015