PUBLICATION

Global Business Reports

AUTHORS

Margarita Todorova, Jason Spizer, Braulio Tresguerres

Mining in Ontario and Toronto’s Global Reach 2023 Pre-Release

November 21, 2022

Ontario has long been a leading mining jurisdiction, but in recent years it has been surpassed by other jurisdictions offering more attractive incentives, faster permitting and less red tape. In defending against complacency, Ontario now has a dedicated mining ministry for the first time in decades that has set its sights on returning the province to the top of the league tables once again. It is more essential than ever to bring mines online in an efficient manner, because a precarious concoction of geopolitical tension and acute underinvestment in raw materials has exposed significant vulnerabilities in mineral-hungry supply chains. Fortunately, Ontario has all the necessary tools, including mineral endowment, and know-how, to reposition itself as a hub of mining activity that powers global economic development.

The pre-release edition of GBR’s annual Mining in Ontario and Toronto’s Global Reach series delves into the themes impacting the country’s mining sector, comprising analysis based on over 55 interviews with the leading executives from major producers, associations, juniors, consultants, investors and service providers, to provide an in-depth and holistic view of what is happening now, and more pertinently, what could be happening in the months and years ahead.

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