Thursday, September 27, 2012

Nine Mines Worth Big $

A new study on the mining industry in Northwestern Ontario predicts nine mining projects in the region will be worth 136 billion dollars. The study, headed by Lakehead University's Dr. Bahram Dadgostar, says the mines will also create over 13 thousand jobs and he says that's low-balling it. The study also says government taxes revenue could hit 16 billion dollars. However, the study says in order to move ahead as quickly as possible, industry, government and First Nations have to work out their differences.