OMA weighs in on budget

摘要

The Ontario Mining Association recently presented its interpretation of the constructive - and less than constructive - aspects of the 2007 provincial budget to the Ontario Legislature's Standing Committee on Finance and Economic Affairs. The OMA applauded the reiteration of the commitment in the recent budget to 15 million dollars for geological mapping and geoscience. Other aspects of the budget the OMA viewed as being beneficial to the mineral producing sector included the Good Samaritan legislation that removes barriers to mining companies in carrying out rehabilitation work on abandoned mine sites on Crown land, and the provision of 7 million dollars to support consultations with First Nations. The OMA also welcomed the planned elimination of the unproductive capital tax and the support for research, which has been provided to the Centre for Excellence in Mineral Innovation MIRARCO and NORCAT in Sudbury, Ont.