Chamber calls for revenue sharing

The Ontario Chamber of Commerce is calling on the province to create a revenue-sharing framework between government and First Nations “to provide certainty surrounding the benefits that these communities will gain from mineral resource development.” The chamber released its report earlier this month encouraging the government to do more in mining development in the province, including in the Ring of Fire. Chamber President Allan O’Dette said the Ring of Fire is critically important, but that this report is also about the broader mining sector, which is worth billions to the province. Other recommendations include increasing tax credits meant to encourage investment in exploration companies; increasing Ontario’s investment in mining research and innovation; and using ”global demand for Ontario mining expertise” to create new business.