The provincial government has established the royalties it will charge on any diamonds extracted in Ontario.
The provincial government is maintaining the 13 percent levy announced in the last budget.
However, Northern Development and Mines Minister, Rick Bartlucci says they are offering mining companies a chance to reduce the amount they pay through a series of deductions.
N002 Q: …northern Ontario. (22 secs.)
Some companies, like DeBeers, which will be opening a new diamond mine near Attiwapiskatt next year, wanted the royalty set at five percent.
