Mine Explorers See Cost Rising From 2013 Rules: Corporate Canada
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Changes to century-old mining rules in Ontario signal delays and added costs for hundreds of explorers in a $1 billion industry that provides a crucial source of new deposits for global metal producers.
Prospectors such as Northern Shield Resources Inc. and Mistango River Resources Inc., which are accustomed to drilling their mining claims without permission in the Canadian province, will need to submit details of almost every stage of their exploration plans and consult with native groups under rules published last week that become mandatory April 1.