Released on March 4, 2011
Saskatchewan's mineral resource potential will be on display next week during the Prospectors and Developers Association of Canada (PDAC) Convention in Toronto.
PDAC brings together over 22,000 Canadian and international delegates for the conference, workshops, investors exchange and trade show March 6 through 9. This includes executives from international mining companies, investors, geologists, government delegations and service providers.
"PDAC provides our Saskatchewan delegation with multiple opportunities to promote the province's mineral wealth and investment potential," Energy and Resources Minister Bill Boyd said. "It provides a forum to build on our reputation as a safe, reliable, competitive place to invest and do business. According to Statistics Canada, 2011 investment in Saskatchewan's mining sector will be almost 50 per cent higher than in 2008."
Enterprise Saskatchewan is sponsoring the Minerals Outlook Luncheon on Monday, March 7 featuring keynote speaker Eric Sprott, CEO, Sprott Asset Management.
Saskatchewan Energy and Resources and the Saskatchewan Mining Association will co-host a Saskatchewan Reception on Tuesday evening. Enterprise Minister Jeremy Harrison will attend the reception and bring greetings on behalf of Minister Boyd. On Wednesday, he will meet with mineral exploration companies, investment analysts and industry associations.
"I am looking forward to attending PDAC and to sharing the Saskatchewan message of ‘Real Growth, Real Opportunity' at the world's largest mineral industry trade show," Harrison said. "The Saskatchewan Advantage is a reality that we want to be sure to communicate to investment audiences across the country and the world. Saskatchewan has what the world needs."
Saskatchewan is the largest potash producer in the world, typically accounting for 30 per cent of total production, and hosting approximately 50 per cent of the globe's potash resources. The province is one of the world's largest uranium producers, traditionally supplying approximately 20 per cent of primary global production.
Saskatchewan also produces coal, gold, sodium chloride, sodium sulphate, potassium sulphate, bentonite, silica sand and clay. In addition, Saskatchewan has recognized potential for diamonds, assorted base metals, rare earth elements and graphite. One of the largest diamond-bearing kimberlite fields in the world is in Saskatchewan.
Saskatchewan's value of mineral production is estimated to be approximately $6.9 billion for 2010 with mineral exploration expenditures expected to be about $356 million.
The Fraser Institute's 2010-11 Annual Survey of Mining Companies was released March 3, 2011. This survey of mining company executives assesses the resource potential and investment climate of 79 different jurisdictions across Canada and around the world. Saskatchewan was ranked 3rd best in the world.
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For more information, contact:
Linda Ungar
Energy and Resources
Regina
Phone: 306-787-1691
Email: linda.ungar@gov.sk.ca
Cell: 306-531-2422