Fraser Institute News Release: Transparency and confidence waning in Canada’s mining exploration permit process

July 24, 2018

Investors are losing confidence in the mineral exploration permit process in many Canadian provinces, with applications taking longer to be approved and a lack of transparency, according to a new study released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.

“An increasingly opaque and confusing application process for companies to explore for mineral deposits deters investment and ultimately hinders Canada’s ability to realize its considerable resource potential,” said Kenneth Green, Fraser Institute resident scholar and co-author of Permit Times for Mining Exploration in 2017.

Based on the Fraser Institute’s Mining Survey results, the study finds that in many Canadian jurisdictions, the exploration permit process has grown longer over the past 10 years and less transparent.

In fact, 50 per cent of respondents indicated a lack of transparency in Ontario deters investment, followed by 48 per cent of respondents in B.C. and 40 per cent in Quebec.

Crucially, the permit process is more transparent in other jurisdictions around the world—only 17 per cent of respondents indicated a lack of transparency deterred investment in Finland and just nine per cent in Sweden and Western Australia.

“Attracting scarce investment dollars requires sound, clear policies and predictable timelines, and investors have said loud and clear that Canada is lagging on this front,” said Ashley Stedman, a senior policy analyst with the Fraser Institute and study co-author.

“Ultimately, uncompetitive mining policies send valuable investment dollars—and the jobs and prosperity they create—elsewhere,” Green said.

You May Also Like…

AME moves Roundup 2021 to online format

The Association for Mineral Exploration presents Remote Roundup 2021, the virtual debut of the annual AME Roundup conference. Leading through the change caused by the global pandemic, the conference is going virtual to safely facilitate one of the largest...

0 Comments

Submit a Comment

Latest Issue

The Northern Prospector’s Journal newsletter – Current Issue

Advertisement

Manitoba Mining Convention
Get more mining!

Subscribe in our mailing list

Receive our monthly issue of The Northern Prospector’s Journal
e-newsletter and yearly magazine.

Northern Prospector magazine is the official publication of the Manitoba-Saskatchewan Prospectors and Developers Association.

The publication is distributed to all companies with an interest in mining in Manitoba and Saskatchewan, with additional distribution at the Manitoba Mining & Minerals Convention, Saskatchewan Geological Survey Open House, Mineral Exploration Round Up, PDAC Toronto conference, Mid-Canada Mining Corridor, Northwest Ontario Mining Symposium, and mining investment conferences across Canada.

The magazine is published by DEL Communications Inc., a world authority in mining communications, and we are thrilled to provide our extensive experience to the Manitoba and Saskatchewan prospecting industry.

For more information on DEL Communications Inc. please visit our official website, or to view an online library of our other publications, please click here.