OTTAWA, Jan. 10, 2012 /CNW/ - The Mining Association of Canada (MAC) is pleased by the federal government's announcement of improved timelines for the review process of major projects as described by the Honorable Joe Oliver's open letter to Canadians in yesterday's Globe and Mail.
With over $137 Billion of capital investment expected in Canada's mining sector over the next five years, an effective and efficient regulatory system is now more important than ever. MAC members are committed to responsible development and welcome rigorous and timely regulation.
"We agree with the Minister's assertion that viable, responsibly developed mining projects should not die in the approval phase due to unnecessary delays. The mining industry's ability to bring prosperity to communities across Canada is directly linked to an efficient and effective regulatory process. We'll be hiring over 100,000 people in the coming decade, but only if we can have projects approved and built in a timely fashion. Demand for our natural resources is stronger than it has been in generations - we should capitalize on that demand for the benefit of all Canadians. Minister Oliver's statements reflect a clear recognition by the Government of Canada of mining's central place in Canada's economy. We are grateful for that recognition and look forward to continued collaboration with the Minister and the Government of Canada." said Pierre Gratton, President and CEO of MAC.
MAC encourages the federal government to continue its focus on regulatory efficiency.
About the Mining Association of Canada:
The Mining Association of Canada is the national organization for the Canadian mining industry. Its members account for most of Canada's production of base and precious metals, uranium, diamonds, metallurgical coal, mined oil sands and industrial minerals and are actively engaged in mineral exploration, mining, smelting, refining and semi-fabrication.
For further information:
Paul Hebert at (613) 233-9392, ext 325 - [email protected]