May 19, 2020

New Regulations Cost Mining Companies $2,500 a Day

Bizclik Editor
2 min
New Regulations Cost Mining Companies $2,500 a Day

New regulations under Ontario’s century-old Mining Act have just come into effect, causing many of Ontario’s junior mining companies to struggle to catch up.

Many companies did not understand the requirements of the new rules according to Gary Clark, the Executive Director of Ontario Prospectors Association. This misunderstanding resulted in some getting caught disobeying the law and unexpectedly having to halt exploration work.

Mining companies that failed to acquire the required plan and permits that are now required by the Ministry of Northern Development and Mines, “They have effectively had their exploration works shut down while they wait for these to go through…there are quite a few tied up in the process right now, and most of them are taking longer than 30 days,” explains Clark. This cost companies a significant amount of money and upset their schedules.

The amendments were put in place on April 1 and were the latest in a group of changes introduced in 2009 to update Ontario’s Mining Act. The Act has been attributed with providing regulation that underpinned a flourishing mining industry in the Province.

The updates were introduced to ease tension between mining companies, Aboriginal communities and landowners. Prospectors are now required to prepare and file exploration plans with the province for exploration work and wait for a 30-day public notice and comment period. Additionally, prospectors must contact landowners prior to any exploration, consult with affected Aboriginal communities, and apply for a new provincial exploration permit when test drilling and line cutting progress further than originally stated. Permits are generally issued within 50 days.

This is a huge difference to the current “free entry” system was put in place in 1996. Prospectors were able to do any exploration work without provincial permits, landowner, or community approval.

According to Shawn Batise the Executive Director of the Wabun Tribal Council in Timmins, “The old Mining Act was outdated in many ways.”  The outdated Act led to several high profile disputes between First Nations and resource firms. Kristen E. Courtney an Environmental Lawyer writes,

 “While First Nations, environmental groups, private land owners and industry all recognized a need for change, according to Batise, the new Act that has emerged represents a compromise on all sides.”

Companies that fail to comply with the new rules could face orders to stop-work and fines of up to $2,500 per day. According to a spokesperson for the Ministry, the province has not taken any enforcement action yet.

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Jun 10, 2021

G7 Summit guide: What it is and what leaders hope to achieve

3 min
Business Chief delves into what the G7 is and represents and what its 2021 summit hopes to achieve

Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration. 


Who are the G7?

The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like. 

The merry band comprises:

  • Canada
  • France
  • Germany
  • Italy
  • Japan
  • The United Kingdom
  • The United States

Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.


Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda. 


When was the ‘G’ formed?

Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s. 


Why does the G7 exist?

At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted. 


The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability. 


It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations. 


Where is the 2021 G7 summit?

This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall. 

What will be discussed this year? 

After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”


The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values. 


According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.” 


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