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A national alliance of mineral exploration and mining associations are urging Mines Ministers, having convened for their 76th annual conference in Cranbrook (British Columbia), to take action to ensure Canada remains a globally competitive jurisdiction and can continue to attract mineral investment.
A brief submitted by the Canadian Mineral Industry Federation (CMIF) proposes a series of recommendations organised under the six strategic directions identified in the Canadian Minerals and Metals Plan (CMMP) published earlier this year.
The plan, developed by Natural Resources Canada with the support of most provincial and territorial governments, identifies specific areas where collaboration and action by federal, provincial and territorial governments can boost Canada’s ability to attract new mineral investment.
While Canada has long benefited from a prosperous minerals and metals industry, the country is not immune to global competitive forces and cannot take the benefits and opportunities that exploration and mining presents to Canadians for granted. This year, CMIF proposes the following recommendations in support of the CMMP’s ambitious strategic directions:
Economic development, regulatory certainty and investment competitiveness
Acknowledging there is fierce global competition for finite exploration and mine development investment dollars, that Canada’s economy is dependent on foreign direct investment, and that tax competitiveness and regulatory certainty are critical determinants of Canada’s investment attractiveness, it is essential that a number of critical measures be considered.
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