Continued growth expected
Saskatchewan is poised to see $50 billion in capital investment injected into the provincial mining industry during the next 20 years. Mining is a $7.1-billion industry in Saskatchewan and the province benefited from $3.1 billion in capital expenditures in 2010, the largest recipient of mining investment in Canada last year, said Pierre Gratton, president and CEO of the Mining Association of Canada (MAC)
Gratton was speaking at a luncheon put on by the Greater Saskatoon Chamber of Commerce, the Saskatchewan Chamber of Commerce and the North Saskatoon Business Association.
“Canada and Saskatchewan are blessed with a diverse abundance of natural resources that are in demand from growing global economies, positioning both province and country for continued long-term growth,” Gratton said. “However, our focus cannot solely rest on the economic benefits mining brings.