The federal Conservatives’ interim leader has a warning for communities dependent on mining. Rona Ambrose says the Trudeau Liberals may get rid of the flow-through shares program next year. That’s the program junior mining companies use to raise exploration money that generates tax credits. Ambrose says cancelling the program would reduce mining exploration and believes it could also affect the Ring of Fire development.
The program creates employment through mining exploration, but the concern is if it dies so will many of the high-paying jobs it helps pay for now. Ambrose raised the concerns while in Sudbury and is encouraging chambers of commerce to mobilize now to fight for the program’s future.