In a measure designed to stimulate investment activity and create jobs in the mining sector, the Ontario government has frozen all taxes and fees relating to the industry.
The Mining Land Tax has been frozen at the 1995 level, rather than doubled to $8 from $4 per hectare as proposed previously.
Included in the freeze are mining lease rental rates.
The freeze is intended to encourage a stronger business
climate for mining in the province, says Ontario Mines Minister Chris Hodgson.
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