Canada is losing out on its gold industry and mining industry because the Feds and Ontario conservatives are both seriously anti-mining. (Lands for Life -- Good Grief) The provincial Liberals were even more so, and this scared away many serious companies from investing in Ontario for on province. Of course the NDP who in Ontario, surprisingly, did not make many noises con-mining, effectively ruined the mining industry of BC. The separatistes in PQ were anti foreign investment and it was impossible for English speaking companies to make headway there, but they did support their own people. Yet despite their local support and Soquem/Cambior, they lost ground overall.
All this government socialist anti-smokestack thinking shot Canadian gold development solidly in the foot. Every time the industry would get a second wind the province or the feds would shut down a Marchement McKay or circulate whitepapers on tailings disposal to ridiculous levels of purity. The brainwashing passed obviously into Bay Street, once a 4-square let's-do-mining group. Now, "mysteriously", the brokers started looking away from Canada, and mining in general. Our entire march in South American development was stolen by German Banks and that for all debt, no less. They must have known something. Midland, long a conservative bond house, decided to pay its brokers 50% less for selling mining stock. The hand writing was on the wall. Yorkton and Griffiths, once broker dealers in mining stocks and sponsoring forums at the PDA, decided to turn their backs on mining and deals under 10 million dollars, once the dotcom craze kicked in. All this and then Bre-X. It did not help.
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