TORONTO, ONTARIO--(Marketwired - May 6, 2013) - Today, the Honourable Tony Clement, Minister for FedNor, met with representatives of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) during their annual convention to underscore the importance of a collaborative approach to the development of the Ring of Fire, with an emphasis on early dialogue with First Nations.
"Our Government's top priority is jobs, growth and long-term prosperity. The Ring of Fire is a generational opportunity that can materially improve the economic prospects and quality of life for thousands," said Minister Clement. "The Harper Government is committed to working closely with the First Nation communities located near the Ring of Fire to ensure that they realize fully the economic benefits of this once-in-a-lifetime opportunity."
The Ring of Fire, located approximately 500 km northeast of Thunder Bay, is potentially the largest mining development Northern Ontario has ever seen. The region has significant deposits of nickel and copper, and represents North America's single largest deposit of chromite, the main ingredient in stainless steel. With mineral content worth an estimated $30-$50-billion, the Ring of Fire could create 5,000 direct and indirect jobs in Northern Ontario alone.
"Our Government recognizes the importance of natural resource developments, like the Ring of Fire, to our country's growth and long-term prosperity," said Minister Clement. "That is why we are implementing a comprehensive resource development agenda based on principles of efficient governance, environmental protection and consultation with First Nations."
"Our Government remains focused on four priorities, as outlined by the Prime Minister, that Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and of course, their personal financial security," concluded Minister Clement.