Resource-based industries are a vital part of a strong northern economy.
The discovery of significant mineral deposits in the Ring of Fire, an area
in Ontario’s Far North, presents major opportunities. The government
has a plan in place to guide resulting investments and to help diversify
the northern economy.
Northern Ontario will benefit from mining the mineral deposits in the
Ring of Fire area, which will help create jobs and better position the
northern economy and Aboriginal communities for future growth.
Proposed mine developments currently under consideration in the Ring of
Fire are expected to create more than 1,500 permanent jobs once the
mines are in full production. Additional jobs will be created in the mining
service and supply sector.
The government is building partnerships with northern Ontarians,
Aboriginal communities and industry to maximize the benefits and
overcome challenges associated with developing the Ring of Fire.
In addition, the government is proposing legislation that would facilitate
the implementation of a 1995 land claim settlement agreement by
providing that certain lands held in trust for the Nipissing First Nation
be deemed tax exempt under the
