Noront Resources

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Resource-based industries are a vital part of a strong northern economy.

The discovery of significant mineral deposits in the Ring of Fire, an area

in Ontario’s Far North, presents major opportunities. The government

has a plan in place to guide resulting investments and to help diversify

the northern economy.

Northern Ontario will benefit from mining the mineral deposits in the

Ring of Fire area, which will help create jobs and better position the

northern economy and Aboriginal communities for future growth.

Proposed mine developments currently under consideration in the Ring of

Fire are expected to create more than 1,500 permanent jobs once the

mines are in full production. Additional jobs will be created in the mining

service and supply sector.

The government is building partnerships with northern Ontarians,

Aboriginal communities and industry to maximize the benefits and

overcome challenges associated with developing the Ring of Fire.

In addition, the government is proposing legislation that would facilitate

the implementation of a 1995 land claim settlement agreement by

providing that certain lands held in trust for the Nipissing First Nation

be deemed tax exempt under the