Economics & Taxation

In February 2011 the Government of Newfoundland and Labrador (NL) began a process to develop a mineral strategy for the province. This is a welcome initiative as the last comprehensive policy review for the mineral sector was in the 1970s. As a starting point the government released a discusion paper and then hosted a number of community consultations and two themed workshops. MiningWatch participated in a workshop titled Environment Sustainable Mining held in St. John's on April 7 and submitted written comments on April 14.

A new report, commissioned by MiningWatch Canada and written by Joan Kuyek, cuts through the hype and raises important questions about the viability and potential benefits of developing the Ring of Fire’s chromite deposits.

In anticipation of the annual Mining Day on the Hill lobbying frenzy, MiningWatch Canada would like to provide you with an alternative perspective on several important issues. The mining industry is one of the most policy-privileged industries in Canada. This is despite the fact that at home and around the world, the industry has generated massive environmental impacts, created social conflicts, and infringed on Aboriginal rights and title.

Introduction

Prime Minister Harper has made a commitment to include the mining sector in an upcoming stimulus package. There is no denying that this sector, as with other industrial and resource sectors in Canada, is experiencing hard times. Metal prices have plummeted, fewer people are buying diamonds, and even the usually safe haven of gold has taken some tarnishing. Exploration is virtually stopped, development of many new projects is on hold and cutbacks or complete shut-downs are being announced at operating mines.