Located in Northern Saskatchewan, Key Lake is the world’s largest high-grade uranium milling operation. (Cameco)

By CKOM News

Saskatchewan named a world leader in mining report

Jan 13, 2021 | 11:56 AM

The province says a new report has named Saskatchewan one of the world’s best regions to get into the mining business.

A media release from the province says a new report from the industry publication Mining Journal gave Saskatchewan top marks in an “opportunity index,” which ranks areas based on perceived mineral potential and investment risk. The province was also one of two jurisdictions in the world to score the highest possible rating for overall investment, based on legal, governance, social, fiscal, and infrastructure performance assessments.

The release says those scores were based on surveys of more than 900 mining industry professionals, as well as risk-related data. There were 111 jurisdictions ranked, spread out across 83 countries.

The report is not freely available, but can be viewed by subscribers.

“This report confirms that Saskatchewan, through stable policies and regulation, has created among the strongest mining investment climates in the world,” Energy and Resources Minister Bronwyn Eyre said. “The mining sector plays a critical role in our economic recovery, and we will continue to ensure that Saskatchewan is among the top international jurisdictions for investment in the exploration and development of minerals.”

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Mining is a central part of the provincial government’s 10-year growth plan. The province is actively working to attract mining investment to boost uranium and potash sales and expand the metals and minerals sector.