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In: Economics

including pictures , defining and explaining the use, extraction methods and the contribution of Aggregate mining...

including pictures , defining and explaining the use, extraction methods and the contribution of Aggregate mining to the Ontario economy(3 page minimum without diagrams)

please type your answer, Please do not write on the paper and post it

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Ontario has introduced legislation that would modernize the management of resource extraction in the province to help increase growth and competitiveness in the mining sector and improve environmental accountability and oversight in the aggregates industry.

The Aggregate Resources and Mining Modernization Act, if passed, would create a modern framework to help aggregate companies and communities across the province to continue building roads, hospitals, schools and other vital infrastructure projects with these resources by:

  • Better outlining and overseeing regulations for aggregate companies
  • Updating fees and royalties on aggregates to ensure fairness to companies while supporting communities
  • Increasing public participation in the extraction application process

The legislation would also enhance environmental accountability in the aggregates sector by balancing economic growth and job creation with the protection of vital resources like farmland, groundwater and air.

In the mining industry, the bill, if passed, would enhance the province's global competitiveness by allowing claims to be made online and improving how claims are registered through the modernization of the electronic mining lands administration system. Online claims registration would also make boundaries more precise.

These changes would boost growth and competitiveness in Ontario's mining sector by making it easier to prospect, register claims and conduct exploratory mining.

Strengthening and modernizing the management of Ontario's natural resources is part of our plan to create jobs, grow the economy and help people in their everyday lives.

What, When and Where – General Economic Trends in the Ontario Mining Industry

Mining has a long history in Ontario. Museum artifacts indicate that Aboriginals conducted mining activity in Ontario more than 11,000 years ago. Modern mining dates from the 1866 Madoc gold rush to the vast Sudbury Basin nickel deposits that were discovered during the building of the Canadian Pacific Railway in the 1880s. Now, Ontario is also a producer of gem quality diamonds near Attawapiskat. Ontario has a vast mineral endowment, embedded in the Canadian Shield and also in sedimentary deposits around the Great Lakes, including the world’s largest underground salt mine. Today, as a province, Ontario is the largest single producer of most metallic and non-metallic minerals in the nation, producing 26% of Canada’s total minerals by value in 2007 (Chart 1).

Ontario’s Economy Grows in Q3

  • Ontario’s real gross domestic product (GDP) increased 0.6% in the third quarter (July, August, September) of 2019, following a 0.8% gain in the second quarter.
  • Third quarter growth was supported by higher consumer spending, investment in residential structures and stronger exports.
  • Nominal GDP increased 1.2%, as compensation of employees rose by 1.5%.
  • Economic production, measured on an industry basis, increased 0.7%. Output in both the service sector (+0.8%) and goods-producing industries (+0.5%) rose in the quarter.

The government has announced the creation of a Mining Working Group to focus on reducing red tape and attracting major new investments. The group is chaired by the Minister of Energy, Northern Development and Mines and includes members from mining and exploration companies, prospectors and Indigenous business organizations. Members will provide the Province with input on important issues affecting the minerals sector, while identifying opportunities to ensure future growth, competitiveness and prosperity.


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