Ontario Introduces Aggregate Resources and Mining Modernization Act
posted on
Oct 06, 2016 05:57PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
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Ontario has introduced legislation that would modernize the management of resource extraction in the province to help increase growth and competitiveness in the mining sector and improve environmental accountability and oversight in the aggregates industry.
The Aggregate Resources and Mining Modernization Act, if passed, would create a modern framework to help aggregate companies and communities across the province to continue building roads, hospitals, schools and other vital infrastructure projects with these resources by:
The legislation would also enhance environmental accountability in the aggregates sector by balancing economic growth and job creation with the protection of vital resources like farmland, groundwater and air.
In the mining industry, the bill, if passed, would enhance the province's global competitiveness by allowing claims to be made online and improving how claims are registered through the modernization of the electronic mining lands administration system. Online claims registration would also make boundaries more precise.
These changes would boost growth and competitiveness in Ontario's mining sector by making it easier to prospect, register claims and conduct exploratory mining.
Strengthening and modernizing the management of Ontario's natural resources is part of our plan to create jobs, grow the economy and help people in their everyday lives.
“Aggregate resources are used to build our roads, schools and hospitals and as Ontario makes the largest infrastructure investment in this province’s history there is an ongoing need for this important resource. The proposed bill would create a modern regulatory framework for aggregate resources, and help companies and communities benefit from this important resource as we continue building these vital infrastructure projects.”
Minister of Natural Resources and Forestry
“Ontario is continuing to modernize the Mining Act to ensure that we remain a global leader in mineral exploration and development. If passed, the Aggregate Resource and Mining Modernization Act will enable the province to implement a contemporary and efficient system to register mining claims.”
Minister of Northern Development and Mines