Canada ’ s Resurgence to the mineral industry of entire countries around the world .”
It ’ s true . In 2003 , exploration expenditures in Ontario were $ 193 million ; in 2014 , that figure was over a half billion dollars . The mineral production side reached $ 11 billion in 2014 , up from $ 7.1 billion ten years ago .
“ I believe our province is very well positioned for a bright future gold districts opening up in Ontario , including an array of new mines set to open in the next two years .
“ As Minister and most importantly , as a Northerner , I have a deep appreciation of the tremendous economic potential of the vast resources that are located primarily in the Northern part of the province . Our government has been driving economic development
‘ Our government has been driving economic development in Ontario with a major focus on the mining sector — an industry of tremendous significance to our economy ’
– Michael Gravelle , Ontario Minister of Northern Development & Mines
in mineral development . To ensure that our large , industrial partners continue to be competitive globally , we announced on April 7 , 2015 that the Northern Industrial Electricity Rate ( NIER ) program , a $ 120 million program to reduce electricity costs for large , industrial companies , would be permanently funded ,” Gravelle said .
Moving forward , Ontario is expected to improve greatly . There are a significant amount of new in Ontario with a major focus on the mining sector — an industry of tremendous significance to our economy ,” said Gravelle .
“ My mandate is to increase the prosperity of Northern Ontario and lead a mineral sector that is healthy , competitive and sustainable . And I ’ m proud to say that we are succeeding — Northern Ontario is well positioned as a world class destination for investment .”
21