TORONTO – In a speech Monday, March 5, at the Prospectors and Developers Association of Canada conference, Minister of Natural Resources Joe Oliver again pledged the federal government’s support of a streamlined approval process for major projects and promised responsible development of Canada’s natural resources.
"The exploration and mining industry has been a cornerstone of the Canadian economy for generations, shaping our national identity with benefits in all regions," said Minister Oliver. "The stage is set for success. Canada has stable, predictable economic conditions, a favourable tax regime, and is a leader in geoscience and technological innovation. Now we are taking the next steps to modernize our regulatory system."
Less red tape, especially duplicate environmental assessments, will be welcome by the mineral industry.
"An effective regulatory system is a key factor in a company's decision about where to invest," says Ross Gallinger, executive director of the PDAC. "Mineral exploration is a high risk venture, and companies want to know that the permitting and regulatory process is consistent and timely. We are confident that improvements can be made that continue to satisfy social and environmental objectives while allowing for new projects and jobs."
"Canada is in global competition for mining investment and an effective and efficient regulatory regime can provide a competitive advantage over other jurisdictions," said Pierre Gratton, president and CEO of the Mining Association of Canada. "Minister Oliver is a steady champion of regulatory reform and we look forward to further progress by the government as it moves to modernize our regulatory regime.”
If you are unable to attend the PDAC, visit PDAC.ca to learn more.