HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Provincial budget boosts Ontario's mining sector
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Provincial budget boosts Ontario's mining sector

posted on Mar 30, 2010 02:25PM

Posted on March 29th, 2010

Here are some highlights from the speech of Ontario’s Finance Minister Dwight Duncan:

  • There will be less economic resistance to mineral producing operations and new developments.
  • A C$45 million new project based skills training program for Aboriginals and Northern Ontario residents.
  • C$450 million Northern Industrial Electricity Rate Program
  • Appointment of a Ring of Fire Co-coordinator
  • C$1.2 billion in infrastructure development for the mineral sector.
  • Elimination of the Capital Tax on July 1, 2010
  • Reduction in the Corporate Income Tax rate to 10% from 12% on income earned from manufacturing and processing and mining.

For full text see the link below:

http://www.im-mining.com/2010/03/29/ontario-mining-sector-gains-economic-boost-from-provincial-budget/

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