The Thompson Local News

Pedersen Clarifies Mining Community Reserve Fund Decision

Despite conflicting reports, the Province said that there isn’t enough money in the Mining Community Reserve Fund (MCRF).


Blaine Pedersen, the Provincial Minister of Growth, Enterprise and Trade spoke to Arctic Radio News to explain why Thompson isn’t getting any money from the MCRF.


He said that money from the fund cannot be allocated if there is less than $10M in the balance, which is the current situation. He added that Flin Flon, who had also made a request to access the MCRF, will not be receiving any money.


Read: Province Says City Won't Get Funds From Mining Reserve Fund


Pedersen said that NDP leader Wab Kinew didn’t provide the complete picture when he said there was $12M in the current balance. The Minister said that Kinew’s figures did not take into account accounts payable that are set to come from the funds, as well as other previously allocated money. Pedersen said that once that money is taken, the MCRF will be just below the $10M threshold that is required.


The Minister added that the work currently being done by Thompson City Council should have "been done years ago, as the City has known about the closure of the smelter and refinery for a long time."


To hear more from Minister Pedersen, make sure to listen to Thompson Today on Monday afternoon at 12:40pm and again at 5:10pm.


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