OTTAWA – On March 14 the Mining Association of Canada released the latest edition of its annual Facts & Figures report that provides a comprehensive overview of the trends affecting Canada’s mining sector. It contains the unwanted truth that this country’s competitiveness continues to erode.
Canada is losing its ability to seize new opportunities for growth and it is essential the federal and provincial governments take action to reverse this trend, MAC says.
The worrying trends include:
Although encouraged by the renewed Mineral Exploration Tax Credit, the enhanced Accelerated Capital Cost Allowances, and the recent Canadian Minerals and Metals Plan, further action is needed says MAC.
“For decades, our industry has been a leader in the production of minerals and metals. A leader in mining services and supplies. A leader in mine finance. A leader in sustainability and safety, but that position is in jeopardy and will be lost without continued, decisive action at both the federal and provincial levels,” concluded Pierre Gratton, MAC president and CEO.
For more information on MAC’s Facts & Figures report, please click here or visit www.Mining.ca.
All is related to the “consult and accommodate” legislation. Do the aboriginals really own Canada? It will only get worse, no matter what government assistance is provided. Unless the requirement is eliminated or modified in the extreme, game over.