Canadian Mining Industry: News Snippets from Around the Web

As we make our way into late summer, much of the news coming out of Canada regarding the Canadian mining industry gives reason for concern. Then again, perhaps this is only to be expected.

When has good news been popular internet currency?

Canadian Mining Industry: News Snippets from Around the Web

• "New Report Could Affect Quebec's Uranium Mining Industry" - According to Business Review Canada, reports of uncertainties and unanswered questions regarding health and environmental risks cited in a 626-page document may lead to Quebec's government suspending the local uranium industry, either temporarily or permanently.
• "Mining Industry Still Horrified by Mount Polley Tailings-Pond Collapse" - After a year, the 24 million cubic meters of waste that spilled into the Mount Polley Tailings Pond still prove an ongoing environmental disaster. Imperial Metals has spent $67 million on cleanup, the provincial government has chipped in $6 million, and investigations into mitigating further risk are ongoing.
• "CRA Targeting Mining Sector Tax Havens" - Business Vancouver states that as Canadian elections approach, candidates have begun making tax evasion a campaign issue. In response, the Canadian Revenue Association has begun looking more closely at offshore subsidiaries of Canadian mining companies.
• "Mallot Says State Department Won't Help Alaska Deal with Threat from Canadian Mines" - In an overlap of American and Canadian mining news, the Alaska Dispatch News reports that concerns raised in the aftermath of the Mount Polley mine waste dam collapse last year have not moved the U.S. State Department to intervene in the case of new Canadian mines. Although some Alaskans have no confidence in the Canadian government to regulate their mining sector closely enough to prevent contamination that could easily influence Alaskan ecosystems, the State Department states that it has no plans to interfere.

It's our hope that the coming weeks will find the above concerns resolved and the Canadian mining industry strengthened across the board. After all, what's good for one mining community is generally good for the greater global community.

Remember that we carry a full range of OTR tires for all of your mining equipment needs and we routinely ship tires to mines all across Canada. Feel free to contact us for the best deals.

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