The Globe and Mail reports in its Wednesday edition that Prime Minister Mark Carney's government is moving in the right direction to strengthen Canada's critical minerals sector, but more investment is needed in crucial mining infrastructure, Teck chief executive officer Jonathan Price said Tuesday at the Canada Investment Summit. The Globe's Niall Mcgee writes that in a panel discussion at the summit, Mr. Price called for more money to be put into electricity grids and transportation corridors, a move that will benefit many mining companies. Mr. Price pointed to the Ring of Fire in Northern Ontario and the Golden Triangle in British Columbia as remote areas of the country where such infrastructure investment is particularly needed. "To unlock those deposits, we need access either by road or rail, we need power solutions, we need a route to port, and we need port capacity to get those products to market," he said. "When that infrastructure comes ... particularly in B.C., that will allow multiple proponents to develop multiple mines." Several infrastructure projects that would benefit the mining sector have already been referred to the MPO. Those projects include the North Coast Transmission Line in northwestern B.C.
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