LME clearing house unveils reforms, to triple member capital requirements
The exchange also said that LME Clear would reduce the amount members have to contribute towards its default fund.
The province now has two strikes against it in the eyes of Nova Scotia’s mining companies.
This week’s budget marked the second straight year the McNeil government has broken a promise to the $420-million mining and quarrying industry, says the Mining Association of Nova Scotia.
In May 2014, then-Finance Minister Diana Whalen wrote to MANS executive director Sean Kirby, describing the industry as “critical to the success” of Nova Scotia’s economy and assuring MANS the government would fulfil during the final three years of its current term its election promise to phase in a fuel tax rebate for off-road vehicles used in mining and quarrying operations
