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October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee Ultimately it does, through the taxes collected from the mines—
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee —which come into operation as a result of the discovery.
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee No, no, you're right.
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee The geological surveys provide basic data, which is an indication of what mineral resources might exist in the provinces and in the various states, but it's a long way from actually knowing it's there. So the exploration company then says, okay, we think there may be something th
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee I'm not sure of the exact question, but the one-to-five ratio is moneys spent, with the expenditure on mapping and also collection of geomaterials—other data sets and so on. The exploration industry uses this data. It gives us the information to be able to say this is a good area
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee Well, this figure is calculated by examining, over a five-year or ten-year period, expenditures by government on data sets, and then it looks at the expenditures by mineral exploration companies following up on the results of these data sets. So the government spends, we'll say,
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee I'm not sure exactly what you mean by “examples”.
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee Yes, it has a great positive effect. It really helps the junior mining industry attract funds to carry out exploration.
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee It would be nice to come up with some mines that have been discovered, right off the top of my head, but I can think of some in the ring of fire in Ontario. A lot of the junior companies that started the first exploration up there would have used flow-through funds and the minera
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee They're chalk and cheese. Mining exploration is low impact. A geologist wanders over the surface, or uses his computer with geomatic materials and satellite materials. We go into the field to take samples and measurements. The largest impact in the north may be the camps we have
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee Perhaps it would be more useful if I provided a long list of these things to the committee afterwards.
October 24th, 2011Committee meeting
Richard Moore
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee My personal experience in the Greenland example is that they had an office where you would put forward your exploration plan, and then they would take that plan to each different department and ministry that had regulations controlling exploration and development within their jur
October 24th, 2011Committee meeting
Richard Moore
Natural Resources committee I think it has to do with the universities. If the enrollment of certain courses gets below a certain level, they have a tendency to cut them out. They are looking for bums in seats. That's the expression they tend to use, and I think what we could do is show more support for the
October 24th, 2011Committee meeting
Richard Moore