Natural Resources
November 17, 2016

The following statement was given today in the House of Assembly by the Honourable Siobhan Coady, Minister of Natural Resources:

Minister Coady Showcases Provincial Mining Industry

Mr. Speaker, I recently had the opportunity to showcase our mineral exploration and mining industry at Mineral Resources Review in St. John's which is Eastern Canada's largest industry conference and trade show, with approximately 700 delegates, exhibitors and visitors.

Mining is a major contributor to our economy with mineral shipments forecast to be $2.8 billion in 2017. More than 7,000 people are employed and there are exciting things happening at Anaconda Mining, recognized by Canadian Business as one of fastest growing companies in Canada; Rambler Metals and Mining; Tata Steel Minerals Canada; and Iron Ore Company of Canada. The underground mine expansion project at Voisey's Bay has started and construction at the Vale nickel processing plant at Long Harbour will be completed this year. As well, Canada Fluorspar has begun constructing the mine in St. Lawrence and there are many advanced exploration projects for potential investment for gold, base metals, rare earths and other commodities.

Mr. Speaker, our government supports growth in the mineral industry through public geoscience, efficient and transparent regulation, the core storage program, promotions, prospector training and mentoring, and the mineral incentive program.

Additionally, we intend to provide broader sharing of core sample information worldwide through digitization and web access, and designate officials to help early stage proponents navigate through regulatory frameworks. These initiatives are included in "The Way Forward: A Vision for Sustainability and Growth in Newfoundland and Labrador."

I would like to thank all those involved in Mineral Resources Review. We are working together to attract investment and develop the economy of Newfoundland and Labrador. Thank you.

2016 11 17             1:50 p.m.