Released on November 28, 2017
The results of minerals-related geoscience research carried out in the province during the past year will be the focus of activities at the 48th annual Saskatchewan Geological Open House which begins today in Saskatoon.
“Saskatchewan provides developers some of the world’s best mineral resource prospects,” Economy Minister Steven Bonk said. “Our government’s policies, and long-term strategy, encourage responsible and competitive investment in our province’s resources. We understand how important a strong and vibrant mining industry is for Saskatchewan’s economy.”
The open house is co-hosted by the Ministry of the Economy’s Saskatchewan Geological Survey and the Saskatchewan Geological Society. The event includes a technical program showcasing new high-quality geoscience data collected by the Saskatchewan Geological Survey and others in support of the provincial mining industry, which uses this information to plan and undertake exploration programs for the coming year.
The event program also includes presentations on various Saskatchewan exploration and development projects by academia and industry representatives, as well as information about advances in exploration techniques. The open house provides a networking venue for stakeholder collaboration and discussions between government and the private sector in support of policy development.
In the Fraser Institute’s 2016 Annual Survey of Mining Companies, Saskatchewan was ranked first out of 104 jurisdictions for investment attractiveness—a composite measure of geologic attractiveness for minerals and perception of government policies on the investment climate for exploration.
Saskatchewan’s mineral sales for 2016 are estimated to be $6.4 billion, with potash sales worth $4.2 billion and uranium sales valued at $1.9 billion. It is anticipated that $177 million will be spent on mineral exploration in Saskatchewan in 2017.
Approximately 30,500 jobs are attributable to the mining industry in the province.
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