Saskatchewan Top Jurisdiction for Mining Investment in Canada, 2nd Worldwide
Written by Shanna Empey on Thursday, 26 February 2015
According to the Annual Survey of Mining Companies 2014, Saskatchewan continues to shine.
Out of 122 jurisdictions around the globe, Saskatchewan is sitting at top jurisdiction for mining investment in Canada, and second most attractive worldwide behind Finland.
Associate Deputy Minister of the Economy, Chris Dekker, says it’s important to note that these results show the kind of business environment the government has worked hard to create, especially since the province improved in 2014 compared to the previous year, where Saskatchewan ranked 2nd in Canada and 7th globally.
“Investors will invest where the mineral resources are, but they’ll also invest where it is conducive to do so. We continually review mining policies from other jurisdictions and make sure we have the proper environment in terms of royalties and regulations, and that brings in investment. We’ve had over $12 billion of investment in Saskatchewan over the a number of years, and that’s important to the economy, jobs, and job creation.”
The survey was conducted between August 26th and November 15th in 2014, and this information will be included as part of Saskatchewan’s overall investment attraction efforts.
“It’s obviously a great opportunity to include in our value proposition as we continue to seek new investment, but also to make sure and enhance our current investments through BHP and K+S and our potash corporations, Mosaic Agrium, all who have significant investment here, we’ll certainly be able to lever that hopefully into additional investment,” explained Dekker.
In addition to our wealth of natural minerals, Dekker says the government has been striving for reduced red tape and enhanced customer service in the mining industry.
“We continually look at hopefully increasing and enhancing the environment for investment, particularly in the mining area,” he said. “One project that we have implemented is the MARS system, which is the Minerals Administration Registry System, that provides online claims staking, and it’s just one of the examples of improvements we’ve made that save mining companies millions of dollars that can be spent on exploration and development instead of administrative processes.”
Four other Canadian jurisdictions finished in the top 10 worldwide, including Manitoba, Quebec, Newfoundland and Labrador, and Yukon.
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