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Released on February 17, 2012
Energy and Resources Minister Bill Boyd leaves Sunday for a two-week resources investment mission to China and Australia.
Boyd and a small government delegation will be in Beijing, Shandong, Melbourne and Adelaide from February 19 to March 3. The minister will promote business investment and market development opportunities in Saskatchewan, with an emphasis on uranium, potash and oil projects. He will also connect with major companies that already have investments in the province.
"Saskatchewan's resource riches are in the international spotlight more than ever before and projects here have attracted considerable interest and capital from Asian and Australian investors," Boyd said. "Missions such as this one keep that momentum going and reinforce the advantages of doing business in our ‘resource-full' province with existing and potential investors and customers.
"This mission is also very timely, in that it follows closely on Prime Minister Harper's recent mission to China and the new deal he concluded that will allow Saskatchewan uranium sales to China. I expect our uranium resources and the energy opportunities they afford to be top of mind in a number of the meetings that I'll have in Beijing."
Private companies and government agencies that Boyd will meet with in China include the China Investment Corporation, the China National Nuclear Corporation; Sinofert, Canpotex, the China Development Bank, the China National Offshore Oil Corporation, the Chinese Ministry of Commerce and the China Council for the Promotion of International Trade.
The minister will also sign a Memorandum of Understanding (MOU) on scientific and technical research co-operation on uranium geology with the Beijing Research Institute of Uranium Geology, a research establishment of the China National Nuclear Corporation.
The Australian leg of the mission includes meetings with BHP Billiton and Rio Tinto, international mining companies that are developing potash and uranium projects in Saskatchewan. The minister will tour BHP Billiton's large Olympic Dam mine which produces copper and gold in addition to uranium.
While in Adelaide, Boyd will also meet with South Australia's Minister of Mineral Resources and Energy, Tom Koutsantonis. Saskatchewan has had a MOU in place with that Australian state for the past three years, covering technical exchanges of geoscience and regulatory information between the two jurisdictions.
"This information-sharing relationship with South Australia has been very valuable to our government and our mining industry," Boyd said. "It's added to our understanding of the nature of the rich deposits in our Athabasca Basin, and that new knowledge is already being applied in mineral exploration up north."
Boyd will be accompanied on the mission by four officials from Energy and Resources and Executive Council Intergovernmental Affairs.
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For more information, contact:
Bob Ellis
Energy and Resources
Regina
Phone: 306-787-1691
Email: robert.ellis@gov.sk.ca
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