New provincial legislation that will transfer the collection and administration of corporate income tax to the feds is being lauded by the Sault Ste. Marie Chamber of Commerce.
Xstrata Nickel matched its cross-town Sudbury rival CVRD-Inco with a $5 million donation towards Laurentian University's proposed mining centre of excellence.
Over the last 16 years, Sudbury-area mining exploration expenditures have doubled to a total of $50 million, and the number of exploration projects have increased nearly five-fold, according to the manager of information and marketing services with the Ontario Geological Survey, Ministry of Northern Development and Mines.
In a year fraught with production lags, First Nickel is rebounding as positive drill results from its Sudbury's Premiere Ridge Project and impending plans to develop new ore resources kick the company into high gear.
