Resource Revenue Sharing

First Nations and industry see government resource revenue sharing discussions as a necessary precursor to advancing the development of the Ring of Fire and bringing about stability and investor certainty. Ontario is prepared to work with those First Nation communities most proximate to Ring of Fire development to negotiate a specific share, equivalent to a portion of the province’s resource revenues associated with new mines in the Ring of Fire region. We anticipate that sharing these new revenues with First Nations will create a strong incentive to promote local development opportunities.