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http://budget.ontario.ca/2019/chapter-1d.html#s-27

Developing the Ring of Fire

The Ring of Fire represents a significant opportunity to open up the resources of Northern Ontario and create jobs in the region. The government is working to cut red tape and end the delays that block the development of the Ring of Fire area by working with willing partners to ensure sustainable development in the North.

Earlier this year, Webequie and Marten Falls First Nations initiated environmental assessment studies that will inform the planning and development of all-season access roads in the Ring of Fire region.

Creating a Mining Working Group

The government has announced the creation of a Mining Working Group to focus on reducing red tape and attracting major new investments. The group is chaired by the Minister of Energy, Northern Development and Mines and includes members from mining and exploration companies, prospectors and Indigenous business organizations. Members will provide the Province with input on important issues affecting the minerals sector, while identifying opportunities to ensure future growth, competitiveness and prosperity.

Sharing Resource Revenues

Ontario is one of the most attractive jurisdictions for mineral exploration in the world and accounts for about 25 per cent of Canada’s total exploration expenditures. There are opportunities to increase economic activity from resource exploration and development while ensuring Indigenous communities benefit from the resource sector.

To support opportunities for employment and the financial success of Indigenous communities, the Province will move forward with the agreements signed with the Grand Council Treaty #3, the Wabun Tribal Council and the Mushkegowuk Council to share resource revenues from mining and forestry. At the same time, the Province will continue to explore options to advance resource revenue sharing opportunities with other Indigenous partners and Northern communities, including in the mining, forestry and aggregates sectors.