Tuesday, March 19, 2013

Provincial Promoting Mining Benefits

The provincial government is highlighting the benefits mining is having on Ontario's economy.

Northern Development and Mines Minister Michael Gravelle says the province is seeing record spending by the industry.

"In 2003, exploration expenditures in Ontario were $193 million," says Gravelle. "In 2011, we surpassed the $1-billion mark in mineral exploration. That makes Ontario the leading jurisdiction in Canada for exploration. The value of mineral production in 2003 was $5.7 billion. In 2011, we reached $10.7 billion."

Gravelle says that makes Ontario the leading jurisdiction in Canada when it come to exploration.