Ontario promises to cut red tape for critical mining projects
me-metals: Ontario will cut the time required to approve new mining projects by 50% in an attempt to make the province competitive as Canada faces tariffs and annexation threats from top trading partner the United States, the province’s Premier Doug Ford, said on Thursday.
According to me-metals cited from mining.com, In new legislation branded as ‘One Project, One Process’ the new bill would speed up approvals in strategically important mining projects starting with the Ring of Fire and critical minerals, Ford said.
“Right now it takes 15 years to open a new mine in Ontario,” Ford said. “That’s 15 years of missed opportunity, 15 years of jumping through hoops… these delays were never acceptable, but today, more than ever, we need to act with President Trump taking direct aim at our economy, it cannot be business as usual.”
The measure if passed by the Provincial Legislative Assembly, will aim to have a 50% reduction in the time taken for government review for mining projects, including a coordinated consultation with indigenous groups on whose lands these mines will be built.
Ontario is also tightening its norms over the involvement of foreign entities such as China in critical mining projects, Ford said.
source: mining.com
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