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The Ontario Mineral Industry Cluster geographic boundaries span the entire province. With 12 active metal mines, Sudbury is the hub of the cluster. The total value of historic production and present resources from the Sudbury Basin stated in today's dollars exceeds $150B Cdn. Sudbury is the base for geology and exploration at one end of the cycle and the base for huge smelting operations at the other end. It is the home of a growing number of equipment and services suppliers and one of the greatest mineral rich regions in the world.
As Diagram 2 shows, northern Ontario is part of another great value producer in the gold corridor that runs from the Quebec border through Kirkland Lake and Timmins to Red Lake. While metal mining predominates in northern Ontario, industrial minerals are produced mainly in southern Ontario (i.e. gypsum, aggregates and salt in brine). Toronto is recognized as the world's mine financing capital and the Toronto Stock Exchange Group is responsible for almost half of the total for world equity for mining. Toronto is also the home of internationally known consulting and engineering firms and ancillary services such as legal and accounting.
Diagram2:
Click here to see enlarged image.
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