Natural Resources
November 6, 2017

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 had the opportunity last week to showcase our mineral exploration and mining industry at Mineral Resources Review, which is Atlantic Canada's largest industry conference and trade show, attracting approximately 700 delegates, exhibitors and visitors.

Mining is a major contributor to our economy and this year’s conference provided a great opportunity to highlight the work we are doing to advance the province’s mineral exploration and mining industry, which currently employs 5,000 people and is forecast to ship $3.7 billion in minerals this year.

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.

We are attracting exploration activity and generating new development. We are working closely with the mining industry and with the communities in which they operate to increase investment and grow the economy.

And the results are tangible – exciting things are happening at Canada Fluorspar, which is well into construction for their mine in St. Lawrence. IOC just had the first blast on the Wabush 3 project which is always exciting in the mining industry. And in Wabush, Tacora is completing a feasibility study, representing another important milestone in the efforts to restart Wabush Mines. In addition, there are many advanced exploration projects ready for potential investment for gold, base metals, rare earth minerals and other commodities.

I would like to thank all those involved in the Mineral Resources Review. By creating an attractive environment for exploration, we are strengthening the industry, and growing private sector jobs and the economy throughout Newfoundland and Labrador.

Thank you.

2017 11 06                              2:00 p.m.