Ontario Mines Minister Pirie targets red tape for Ring of Fire

摘要

Ontario Mines Minister George Pirie, a 35-year mining industry veteran before his election in June, says he plans to consider cutting project red tape "fairly shortly" while encouraging more federal investment in the Ring of Fire. Pirie, who served as head of Placer Dome Canada in the years before its acquisition by Barrick Gold (TSX: ABX; NYSE: GOLD) in 2006, says Ontario has potential to displace the foreign output of some minerals needed in the multi-trillion-dollar global transition to clean energy. But projects can't take 12 to 15 years for approval.