The Government of Saskatchewan is eyeing an 83 percent uptick in mining industry growth from 2020 to 2030. Despite the economic challenges associated with the global COVID-19 pandemic, Saskatchewan’s mining sales, particularly in potash, remain strong.
Total mining sales generated $6 billion. The provincial mining sector accounts for more than 11 percent of Saskatchewan’s Gross Domestic Product (GDP) and supports more than 12,000 jobs across the province.
“Saskatchewan is a global leader in potash and uranium production, an emerging producer of helium and lithium, and home to over 20 critical minerals, including rare earth elements such as cerium, lanthanum, praseodymium, and neodymium,” said Energy and Resources Minister Bronwyn Eyre. “There are exciting opportunities ahead for mineral exploration in our province, as the mining sector continues to innovate and grow.”
Saskatchewan noted that it was recently recognized by the Mining Journal Intelligence World Risk Report as the number-one global jurisdiction for mining investment opportunity. The same report also awarded Saskatchewan an AAA rating for overall investment – one of only two jurisdictions to achieve this.
Saskatchewan’sGrowth Plansets goals to reach $9 billion in potash sales and $2 billion in uranium sales by 2030 or a total of $11 billion.