Investing News Network
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Mineral exploration and mining in Saskatchewan have consistently been recognized as the best examples for the industry in Canada, and the province is considered one of the greatest places in the world to conduct mining operations.
The latest Fraser Institute report places the flat province at number two in their worldwide rankings, just below Finland. As the third largest source of employment in the province, the mining industry is vitally important to Saskatchewan. This has led its provincial government to go out of its way to make sure mining in Saskatchewan is as attractive to mining firms as possible.
That’s not to say that Saskatchewan needs much help. Proudly boasting a rich and diverse mineral wealth, a skilled workforce and a strong mining history, Saskatchewan’s mining industry provides enormous opportunity and excellent stability for the mining firms conducting operations within its borders.
As Saskatchewan’s third largest industry, mining accounts for 30,000 jobs in the province and brings in an average of $1.5 billion each year to the its economy.
Saskatchewan’s mineral wealth is what made the province’s mining industry so vital early in its history, and it continues to be world class. Traditionally, it has been potash that brought the province to the attention of the mining world, with nearly half of the world’s potash reserves located within Saskatchewan alongside 30 percent of total worldwide production.
Saskatchewan also has the world’s largest reserve of uranium, accounting for 16 percent of global uranium production. The province also has two mines that annually produce between 40,000 and 45,000 ounces of gold.
In recent years, we’ve seen a diversification in Saskatchewan’s resource production with new interest in mining copper, zinc, nickel, platinum, palladium and more in the province.
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