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Manitoba among world’s top spots to invest in mining: Fraser Institute

A new Fraser Institute survey shows Manitoba is one of the top places in the world to invest in mining, Mineral Resources Minister Dave Chomiak announced Wednesday.

“The Manitoba government has created one of the best mineral exploration incentive packages in Canada, and this survey sends a clear message to mining companies that our province is a great place to invest,” Chomiak said.

Benefits to mining companies include the Mineral Exploration Assistance Program, the Manitoba Prospectors Assistance Program and the Manitoba Mineral Exploration Tax Credit. Manitoba is the only Canadian jurisdiction to offer double assessment credits, which help companies explore during challenging economic times, Chomiak noted.

The Fraser Institute Annual Survey of Mining Companies rates 122 jurisdictions around the world and bases the rankings on government policies that encourage exploration and investment, as well as geologic attractiveness. Manitoba ranks second in Canada and fourth in the world for investment attractiveness, and ranks fifth in the world for mineral potential.

“Working closely with industry partners, Aboriginal and northern communities, and other stakeholders is one of our greatest strengths,” Chomiak said. “In addition, the Manitoba Geological Survey provides information on Manitoba’s mineral potential, which greatly assists companies in developing their exploration initiatives.”

The minister noted the Mining Advisory Council is an important forum for government, industry partners and First Nations to work together to address mineral resource exploration and development issues. The council is working to increase Indigenous communities’ participation in the Manitoba mining sector. The creation of the Mineral Potential Assessment Committee will also help ensure the decision to establish parks and protected areas is balanced with the sustainable development of mineral resources, the minister said.

More information on the Fraser Institute study can be found at fraserinstitute.org/uploadedFiles/fraser-ca/Content/research-news/research/publications/survey-of-mining-companies-2014.pdf.

More information on Manitoba mining incentives can be found at manitoba.ca/iem/busdev/incentives/index.html.

— Province of Manitoba

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