Expert calls NDP mining scheme "bad policy and it would hurt foreign
SUDBURY, ON, Sept. 8, 2011 /CNW/ - Andrea Horwath's misguided mining
pledge will kill jobs by shutting Northern Ontario to outside mineral
investment, says Liberal MPP Rick Bartolucci.
"If we close our doors, other provinces and countries will certainly
close theirs - permanently killing good paying refinery jobs across
Northern Ontario," said Bartolucci.
By forcing companies to process minerals only in Ontario, other
provinces and countries would retaliate by ending mineral investment
here - including Quebec, BC, Newfoundland and Labrador, the United
States, Peru, Chile, and Argentina.
Experts agree - Walid Hejazi, professor at the University of Toronto's
Rotman School of Management said the NDP pledge "is wrong, it is bad policy and it would hurt foreign investment." (Toronto Star, August 9, 2011)
"Andrea Horwath is putting hundreds of jobs at risk in Sudbury alone,"
said Bartolucci who pointed to Xstrata Sudbury, which could be forced
to lay off workers as they receive 70% of smelting material from
Quebec, USA, and Australia.
Other refineries that would suffer from retaliation under Horwath's plan
Cameco - uranium concentrate is imported from Saskatchewan
Imperial Smelting & Refining Co of Canada - about one third of their
material processed is from outside Ontario
Johnson Matthey Ltd - 90% of their material is from outside Ontario
Royal Canadian Mint - approximately two thirds from outside of Ontario
Vale - 30% of materials processed are from out of province
"The Horwath NDP would take Ontario off-track and derail our fragile
economic recovery," said Bartolucci.
"Only Ontario Liberals have a positive plan to create jobs and move
Northern Ontario forward."
SOURCE Ontario Liberal Party
For further information:
Ontario Liberal Media Office
416-961-3800 x 328