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High energy costs zapping new mine opportunities

from Timmins Press

Timmins Mayor Steve Black told top government officials that if hydro rates are not discounted for new industrial projects, Northern Ontario would be losing more business to the province of Quebec. Black said it is a real concern involving a real company ready to invest in Timmins and Black said he "would hate to lose this project." The mayor was speaking to a group of Ontario cabinet ministers who took part in the traditional "bear-pit session" at the annual conference of the Federation of Northern Ontario Municipalities, which was held at the McIntyre Community Building in Timmins recently. more

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